The Great Game of Business Blog

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

Playing Defense to Survive the New Normal

We’re all still trying to figure out what the “new normal” is—especially when it comes to keeping people safe. But I also believe we need to get the economy rolling again. I realize it isn't always a popular position to take these days. It seems like people are dividing into two camps: one that is pro-safety and the other pro-business. I absolutely believe that we need to do everything to be protective of people. But I also know what kind of damage we’re doing to people’s lives the longer we keep the economy shut down. It is devastating to see more than 32 million out of work. I was blown away to learn that for every percentage point the unemployment rate ticks up, suicide rates also go up 0.78%. People’s mental health is at risk—especially when their unemployment runs out at the end of July. And that says nothing about the state and local budget deficits that are piling up as sales tax receipts continue to fall off a cliff—which could mean we’re looking at serious cutbacks in services like police and fire that keep us safe. It has me left asking, "What’s the long-term cost of that?" 
Read More

Capitalism At Its Best

On March 17, 2020, John Costello, the owner and CEO of Cherry’s Industrial in Elk Grove Village, Illinois, entered a nightmare. On that day he learned that his wife, who works in the business, fell ill. She exhibited all the classic symptoms of Covid-19, such as a fever, dry cough, and a sore throat. But, with limited testing available at the time, they couldn’t be sure. Then, their son experienced similar symptoms.
Read More

Using Unprecedented Uncertainty to Reinvent Ourselves

It’s been interesting to hear about how people are spending their time at home in isolation amidst the pandemic. Some folks I’ve talked to have spent the time looking through old picture albums and letters to reminisce about the past. Parents have had to learn how to juggle their roles as caretakers with the new added job of schoolteacher. Others have taken up new hobbies like baking bread (if they can find enough yeast). Then there are those who have used their time indoors to tackle home improvement projects of all kinds. I came home from work one day, for instance, and my wife asked me if I noticed anything different. I looked around and admitted that I didn’t see any changes. Had she bought a new kitchen appliance or something? Wrong answer. Turns out she had spent the whole day cleaning out all our closets and drawers. Whoops. I was suddenly facing a radical version of social distancing inside my own house.
Read More

Flattening the Economic Curve

The last six weeks feels like six years. It’s incredible how much has changed so fast. There have been so many new federal and state programs rapidly pushed through, all with the intent of helping our people and companies through this crisis. The speed of the legislation has been great to see—but it’s also caused confusion in the details for implementation and administration of the various programs and benefits. It's forcing us, as a company, to do everything we possibly can to find ways to keep our people safe while our factories remain open. We’re the type of company that likes to get out in front of a situation rather than react to it. That means we’ve needed information; lots of it. So, when the crisis hit, we started making calls—hundreds of them—to our local contacts at places like the Occupational Safety and Health Administration to get answers to our questions about creating a safe environment for our people. But we didn’t stop there. Even though our factories remain open for the moment, we continue to take a big hit.
Read More

The Four P's to Remember During Crisis

  As it did most companies out there, the 2009 recession hit Springfield ReManufacturing Corporation like a ton of bricks. But, as I’ve discussed a few times, there were a number of key decisions that helped us pull through to the other side. Now that 2009 is more than 10 years behind us, it’s clear those decisions didn’t just help us survive – they're what helped us thrive. We needed something to help us focus on surviving the recession and all the heartache that comes with a downturn.
Read More

During a Crisis – No Idea is Off the Table.

Dealing with this pandemic is exhausting. Whether your business is shut down, or booming, the uncertainty about whether you and your people might be safe is something that doesn’t stop. In our case at Springfield ReManufacturing Corp., we’ve been labeled an “essential” business. We make parts for key industries like defense, health care, and agriculture. And like Steve Choate, my longtime friend, and colleague, likes to say, “Farmers are gonna farm.” If we’re going to keep our factories open we need to do everything under God to keep them safe. It’s got me up at night, and up early in the morning, trying to think through every scenario I can dream of.
Read More

Can Thinking Like Owners Save the Car Industry?

On Monday, September 15, 2019, thousands of factory workers went on strike. It was the first time the union, the United Auto Workers, or UAW, had called for a work stoppage in a decade. It remains to be seen if and when the strike will have any significant impact on any of the automotive-related businesses at SRC.
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

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.