Market-Based Management

Our Guiding Principles.

John Zink Hamworthy Combustion employs a unique business philosophy called the Market-Based Management® system. MBM® is a value system and framework for action that empowers employees to think like owners. Founded in the commitment to add long-term value to the marketplace and society, MBM sets the standards for evaluating policies, practices and conduct, establishing norms of behavior, and building the shared values that guide individual actions. Every day, we measure our performance against the Guiding Principles of MBM:

  1. Integrity: Conduct all affairs with integrity, for which courage is the foundation. Honor donor intent.
  2. Compliance: Strive for 10,000% compliance with all laws and regulations, which requires 100% of employees fully complying 100% of the time. Stop, think, and ask.
  3. Value Creation: Contribute to societal well-being by advancing the ideas, values, policies, and practices of free societies. Understand, develop, and apply Market-Based Management to achieve superior results by making better decisions, eliminating waste, optimizing, and innovating.
  4. Principled Entrepreneurship™: Apply the judgment, responsibility, initiative, economic and critical thinking skills, and sense of urgency necessary to generate the greatest contribution, consistent with the organization’s risk philosophy.
  5. Customer Focus: Discover, collaborate, and partner with those who can most effectively advance free societies.
  6. Knowledge: Seek and use the best knowledge and proactively share your knowledge while embracing a challenge process. Develop measures that lead to more effective action.
  7. Change: Anticipate and embrace change. Envision what could be, challenge the status quo, and drive creative destruction through experimental discovery.
  8. Humility: Exemplify humility and intellectual honesty. Constantly seek to understand and constructively deal with reality to create value and achieve personal improvement. Hold yourself and others accountable.
  9. Respect: Treat others with honesty, dignity, respect, and sensitivity. Appreciate the value of diversity, including, but not limited to, diversity in experiences, perspectives, knowledge, and ideas. Encourage and practice teamwork.
  10. Fulfillment: Find fulfillment and meaning in your work by fully developing your capabilities to produce results that create the greatest value.