Open-Book Management is...
Open-book management at its most effective far outperforms a definition as simple as “sharing financial information with employees”. Open-book isn’t just about opening your financials to your company, it’s about responsibility, ownership, results and growth, all of these things can come together to drive the needle forward in your organization. With proper training and knowledge, all levels of your business start to act and engage just like the owner, or leadership. Fully engage with your employees by teaching them the workings of your business and the financial literacy needed to understand your books. With this knowledge, everyone begins to be able to make decisions that impact the business on a daily basis, everyone gains ownership on the outcome. The heart of The Game is very simple: We believe the best, most efficient, most profitable way to operate a business is to give everybody in the company a voice in how it’s run and a stake in the financial outcome—good or bad. Our ultimate goal is to create a “business of business people” who think, act and feel like owners.
Our approach to running a company was developed to help close one of the biggest gaps in business: the gap between managers and employees. We call our open-book approach The Great Game of Business®. What lies at the heart of The Game is a very simple proposition.
The best, most efficient, most profitable way to operate a business is to give everybody in the company a voice in saying how the company is run and a stake in the financial outcome, good or bad.
In some ways, we see “business” as incidental to what we do. Our real business is education. We teach people about business and give employees the knowledge and tools that help them understand:
- What winning means in business
- How to track, measure and improve performance
- How to share in a self-funding stake in the outcome
Our ultimate goal is to create a “business of business people” who think, act and feel like owners. Open-book management is one of the key components of our approach, though it is only a portion of our overall process.