Billionaire Charles G. Koch working on business advice book, scheduled for October

Billionaire businessman Charles G. Koch is working on a book in which he offers advice on management and entrepreneurship.

Crown Business announced Thursday that Koch's "Good Profit: How Creating Value for Others Built One of the World's Most Successful Companies" will be published in October.

According to Crown, a Penguin Random House imprint, the book will detail Koch's "management principles and business philosophy."

Koch says in a statement issued through Crown that he hopes Koch Industries Inc.'s trademarked "Market-Based Management" approach will be a model for others. The 79-year-old Koch also wrote about Market-Based Management in the 2007 book "The Science of Success."

Besides being among the world's richest men, Koch and brother David Koch are known as key supporters of conservative and libertarian causes and as targets of liberal critics.