The Great Game of Business 800.386.2752

The Great Game of Business Blog

Sign up to receive our blog posts conveniently in your email box

Transparency: Why It Matters & What It Can Do For Your Business

Sep 5, 2019 by Jake Hill 0 Comments
Knowledge is power, or in its original Latin, “Scientia potentia est.” The saying, attributed to the 16th century writings of Sir Francis Bacon may be a centuries-old sentiment, but the idea has significant applications in today’s business world. A good modern manager should be familiar with the old Latin phrase in its new forms: open-book management and financial transparency. Here’s why transparency in the workplace matters.
Read More

Jack Stack: Why I Wrote a New Book

Sep 3, 2019 by Jack Stack 0 Comments
Making the decision to write a book isn’t for the faint of heart. For most people, it takes a significant investment of time and sometimes money to pull it off. There’s also the question of why you would ever write a book in the first place. At times, it can seem like a very egocentric exercise: Look at me and what I wrote! And don’t get me started on what happens when people actually read and remember what you wrote – down to the page number and paragraph. They hold you accountable for it. To be honest, I never figured I would ever write another book after Bo Burlingham and I wrote two of them, The Great Game of Business and A Stake in the Outcome back in the 1990s. I had already experienced my moment in the spotlight. What more could I possibly have to say?
Read More

How SRC Lexington Brings an Open-Book Philosophy to Employee Engagement 

Aug 30, 2019 by Santiago Jaramillo 0 Comments
  As a practitioner of open-book management at an employee engagement software company, I have a unique front-row seat to the Great Game of Business®. I’ve seen the impact it has on our own employees’ engagement, as well as many of our customers’. As our friends at Great Game™ often share, organizations who subscribe to the open-book methodology have employee engagement levels that are three times higher than the national average. By tying the work employees are doing daily to the outcomes and success of the company, these leaders are giving employees more reasons to invest their full hearts and minds in their work.
Read More

How The Great Game Helps Create Sustainable Enlightened Businesses

Capitalism is under attack—especially in today’s political arena. Given the increasing gap between the have and have-nots, it’s not surprising that people are looking for a scapegoat—for someone to blame. And, often unfairly, it is business leaders who increasingly find themselves in the crosshairs.    That’s led some influential voices in the business world to consider new tactics. A prime example is how the Business Roundtable, a group of about 200 leaders of the world’s largest companies, recently created headlines with an announcement that they would prioritize their commitment to their “stakeholders”—which includes employees, customers, suppliers, and communities—over the short-term gains to their shareholders.
Read More

All-Star People's Choice Poll 2019

Aug 27, 2019 by Lauren Haley 0 Comments
At the 27th Annual Gathering of Games Conference, The Great Game of Business® will celebrate the 19th Great Game of Business All-Star Team. This prestigious award recognizes and celebrates the remarkable achievements of companies from around the globe that have fully embraced the principles of open-book management and The Great Game of Business, and have demonstrated outstanding results. The inspiration for the All-Star Awards came from the pioneers of open-book management themselves. Great Game All-Stars not only practice The Game at a high level, they embody a spirit of generosity and a willingness to openly spread the word to help others succeed. That is the essence of the All-Star Awards! Here's your chance to check out the 2019 finalists and vote on your favorites for this year's All-Star People's Choice Award. 
Read More

3 Ways GGOB Underpins Lasting, Evergreen Companies

Aug 23, 2019 by Dave Whorton 0 Comments
I believe Evergreen™ businesses are the most important companies in our society today—successful, profitable, and lasting companies, those that positively impact their employees, customers, suppliers, communities, and most importantly, families. These companies are fueled by purpose, put people first, and are committed to continually growing to last 100 years—or more. In many Evergreen companies, GGOB plays an essential role in the competitive advantage that these businesses enjoy. 
Read More

Why is Choosing a Critical Number™ So Important?

Aug 22, 2019 by Steve Baker 0 Comments
At any given time in your business, there is one thing, an operational or financial number that represents a weakness or vulnerability that, if not addressed and corrected, will negatively impact the overall performance and long-term security of the business. This one thing is known as your company’s Critical Number™. Ultimately, the Critical Number defines winning. It rallies people around a common goal and directs a focus to what’s most important to the company’s success.  From this definition, it’s clear to see why identifying a Critical Number is valuable to your business, but the Critical Number is also very important to your employees. If they do not understand and buy-in to the Critical Number, it is likely that this number will continue to go unnoticed. Here are three key ways the right Critical Number will strengthen your business:
Read More

Leadership Begins With Thinking About Yourself

Aug 16, 2019 by Jason Hynson 0 Comments
I recently saw a semi-truck with a large arrow pointing towards the cab of the truck and this statement, “Our greatest asset sits 63 feet up here.” I have seen it before, but this time it struck me differently. I thought, Does the culture of that company support this statement or is it no more than a marketing slogan? Companies want to be “on top”, “cutting edge”, “innovative”. The question is: Does the culture support the cutting edge marketing? It’s great to have a catchphrase or some values on the wall, however, it is not easy to lead a group of people every day, month, and year after year. It’s not easy to lead the pack and in fact I am going to say DON’T lead the pack.  Lead yourself first. Any great coach will tell you to know your team, but do you know yourself, who you are, and why you do what you do?
Read More

What Businesses Can Learn From The U.S. Women’s Soccer Team

If you’re like us, you were glued to the TV in the summer of 2019 watching the women’s World Cup matches. Spoiler alert: The U.S. women were the class of the tournament. But what made the U.S. team so much better than their competition? Certainly, American strikers like Megan Rapinoe and Alex Morgan were among the top scorers during the tournament. But every team had its star players. We’d argue that the reason the U.S. team captured it’s fourth World Cup is that they were the best team from top to bottom. We think there are a few lessons businesses can learn from these champions when it comes to building their own teams.
Read More

Business Success Through People Success is the New Leadership Frontier

Aug 13, 2019 by Santiago Jaramillo 1 Comment
As leaders, we care deeply about employee engagement, but we can’t operationalize a culture of engagement by ourselves. Without a strategy for scaling it across the business, it’s tough to move the needle. As my own business has grown, I’ve realized that the best thing we can do for our employees is to focus on the top two or three actions that will have the greatest impact—and hold our people-leaders or “trusted lieutenants” accountable as owners of those initiatives.
Read More

Can Equity Ownership be the Ultimate Stake in the Outcome?

Aug 8, 2019 by Martin Staubus 0 Comments
We all know the fundamental building blocks of the Great Game of Business®: Know and teach the rules Follow the action and keep score Provide a Stake in the Outcome® When it comes to that third step—providing a stake in the outcome—what’s the best way to do that? Two common choices include cash bonuses and equity sharing. Many owners, especially those new to the Game, are skittish about sharing equity with employees. They can’t always put their finger on why it makes them nervous, but the reality is that using equity interests can be a great way to provide a stake in the outcome to your associates.
Read More

4 Takeaways for Achieving Results in Your Business Transformation

Aug 5, 2019 by Kylie Sprott 0 Comments
How does someone take three conservative intellectual property businesses with very traditional cultures and transform them into an engaged, high-performing business?  To compound the challenge, we were now publicly listed and were moving the business from a partnership model to complete transparency. The Great Game of Business® helped us to overcome these challenges, culturally transform our business, and achieve both improved engagement and financial results. In the process, we learned four important lessons:
Read More
 

About The Great Game of Business

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 outcome. Let us teach you how to develop a culture of ownership, where employees think, act and feel like owners.