New York Times Blog “Open the Books”
Jack Stack, President & CEO of SRC Holdings Corp. and author of The Great Game of Business writes a weekly blog on Open-Book Management.
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Inside Every Employee
Jack Stack, President & CEO of SRC Holdings Corp. and author of The Great Game of Business writes a weekly blog on Open-Book Management.
Remodeling industry companies share their experiences practicing Open-Book Management. "Rich Armstrong, president of the Great Game of Business, moderated a panel of four management team members of two companies that practice open-book management. These remodelers revealed that committing to an open-book practice can really affect the bottom line."
Great Game of Business Coach Bill Collier reflects on the struggle to get employees to focus on business rivalries as opposed to personal rivalries in the workplace. Here’s an employee attitude that inflicts damage on businesses: People who exhibit many fine traits and who may be good employees in general, but who have acquired a dislike for one of more of their fellow workers.
Q & A with Jack Stack, author of The Great Game of Business, that stresses the importance of empowering employees, and suggests how such a process could be used to confront problems in the automotive industry. "When the United Automobile Workers union was granted a 55 percent ownership stake in Chrysler as part of the company’s plan to save itself under a bankruptcy filing, more than a few eyebrows went up.
This brief overview also provides additional links to informative articles about the concepts of Open-Book Management that have been profiled in Inc. ""The beauty of open-book management is that it really works. It helps companies compete in today's mercurial marketplace by getting everybody on the payroll thinking and acting like a businessperson, an owner, rather than like a traditional hired hand.
This article by the Wall Street Journal discusses the dramatic results many companies see when choosing to open the books and features Dorian Drake International, Pool Covers Inc. and Kindermusik International Inc. "The installation technicians at Pool Covers Inc.
"An IT company's commitment to open-book management helps calm anxious employees while boosting revenue.
When Harlan Geiser, CEO of Bloomington, Illinois-based IT company Integrity Technology Solutions (ITS), first read Jack Stack's book, The Great Game of Business (GGOB), for a book club in the late 90s, he had no idea that the concept would later aid in restructuring his entire company.
Revealing company finances to employees may seem scary, but CEOs who practice open book management swear by its ability to lower costs and boost profits. "Commercial aircraft supplier Tracer was in trouble last November. The 27-employee Milwaukee company, founded in 1993, saw sales fall 20% below already lowered projections.
2009 All-Star Award Winner in Open-Book Management, Anthony Wilder Design/Build talks about how Open-Book Management helped their business thrive.