Great Game of Business & Open Book
Management
If you want to reduce employee turnover and
improve your company's overall performance (and who doesn't?), please take
a few minutes to read this ...
In 1982, International Harvester sent a
young manager named Jack Stack to Springfield, Missouri to fix their
ailing 120 employee engine overhaul plant. Instead, Jack and 12 of his
fellow managers borrowed $9 million and bought the place, renaming it SRC
(Springfield Remanufacturing Company.) The loan payment was big and the
team was inexperienced, so they opened the books and got everyone in the
company focused on the financials, so all the employees could help the
company make money and survive. They created a business of business
people. The concept known as "Open Book Management" was born.
Other companies started hearing about SRC's success and began trekking to Springfield to learn more. Jack Stack
wrote his now-classic book The Great Game of Business and it became
(and remains) an international sensation. SRC has since grown into a $500
million company with 20+ divisions. One of those divisions is also called
The Great Game of Business, and they help businesses teach their employees
to think and act like owners - a proven path to business success and a
common-sense way to run a company.
I personally discovered The Great Game of
Business in 1993, about 5 years after starting my electronics company,
which was still struggling at the time. We implemented open book
management and went on to enjoy years of growth and success, culminated by
every entrepreneur's dream - selling the business and cashing out in 2005.
That same year, I wrote my book and started Collier Business Advisors.
Last year, I purchased a Great Game of Business franchise and am now
helping businesses in the St. Louis region use our methods to achieve
success.
What is Open-Book Management?
OBM is NOT about full financial
transparency. OBM IS about giving employees the key measures of business
success and teaching them to understand those measures and use them to
improve business performance. It’s about fully engaging employees in the
business. It’s about teaching employees how the business works and what is
critical to success. It’s about getting employees to openly discuss wins
and losses so they can keep learning and getting better.
OBM works because employees get a chance
to act – to take responsibility rather than just “doing their job”. Each
employee knows and understands how they can contribute to the financial
performance of the company – and understand that they have a direct stake
in the company’s success.
Great Game Services:
- Implementation - get started
playing the Great Game in your company
- Ongoing coaching & support -
Already playing the Game? We can help with High-Involvement Planning,
Critical Number Workshops, Mini-Game support and bonus plan design.
Coaching support tailored for your situation helps you maximize the
benefits. PDF
brochure
- Business and financial literacy
training - help your people understand how the company makes money,
why it's in their best interest for the company to succeed, and most
importantly, how everyone can help. We can bring these workshops to your
company, and we periodically run public workshops.
- Open Book Forums - peer advisory
roundtable groups. Your fellow members become an informal and
confidential advisory board. Learn from each other, hold each other
accountable for success, and solve your toughest challenges - all in a
confidential environment.
PDF brochure
Call Bill at 314-221-8558 or
email for more info. You can also visit my Great Game web page:
www.greatgame.com/billcollier
Not in the St. Louis area? Visit
www.greatgame.com
for more info. You'll be glad you did!
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