The Great Game of Business Blog

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Educating Employees to Improve Cash Flow

Let's face it, the most important thing in business is CASH.  Cash is the oxygen of every business. When you have cash, your business can breath. Cash enables it to survive and prosper.  While businesses can survive for a short time without growing in sales or profits, without cash it simply will not survive. This is why the inflow and outflow of cash must be carefully watched and managed.
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4 Reasons Your Employees Aren't on the Open-Book Bandwagon

Do you feel like your leadership team is finally ready to take the leap and open the books? But, you're worried some of your team aren't as enthusiastic as you hoped they would be? If you’re ready to start sharing your financial and operational information with employees, but you get the sense they’re just not ready yet, there could be some very logical – and common – reasons why. Today we discuss the top four reasons employees aren't ready to jump on the open-book management bandwagon. Maybe there's one or two that apply to your team. 
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3 Things to Consider When Self Implementing Open-Book Management

Deciding to implement a business system like open-book management is not something business owners take lightly. It's a powerful business tool that takes time, energy and commitment to follow through and keep going if you want to see the benefits. There's two ways to implement:  Do it yourself - aka "Self Implementation". Hire business coaches to help.  If you’ve been following the Great Game™ blog for a while, it's likely you've come across a few articles detailing each of these options. If you’re considering a DIY approach to getting started with open-book management, here are a few things to consider during the process. 
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The 5 Myths of Management

  In The Great Game of Business, Jack Stack shares his experiences and lessons learned throughout the years, including what he was taught about management early in his career. What was the most important lesson he learned about management? Ignore almost all of those "best practices."  What he was being taught and what he had learned about management were entirely different! He discovered that the practice of management is filled with myths guaranteed to screw up any company, and we've compiled our blogs on the 5 Myths of Management here:
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Hitting Big Goals Starts with Small Wins

You and your team have come up with your Critical Number™: the one metric 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. But now what? How do you successfully start making things happen and impacting that number? With targeted day-to-day improvements that add up to long-term success. MiniGames™, are an engaging, short-term activity designed to pursue an opportunity or correct a weakness within a company. They bring a laser focus to those everyday, small wins that put us that much closer to the big win and help drive short-term performance metrics that contribute to a year-end revenue goal or Critical Number. Take this example from Get in the Game. By focusing on something as simple as spoons, the chain reaction resulted in a $1 million impact in revenue in just one year at Kerbey Lane Cafe:
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These Results are No Game: Real Results From Real Great Game™ Practitioners

Dec 13, 2019 by The Great Game Team 1 Comment
You've heard the Great Game of Business® is about transforming your business to achieve Rapid Financial Results and Lasting Cultural Change™. But, you might be wondering: what results do our real practitioners experience? We've pulled together some of the amazing results and transformation from our 2019 All-Star champions. The principles of Great Game™ are time-tested to produce amazing results like these below. Could this be you?
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Jack Stack Reveals the Why Behind Great Game­™ in His Upcoming Book

  You might have heard that Jack Stack is releasing his third book.   His original bestselling book, The Great Game of Business, has inspired companies and business owners across the world with a life-changing business operating system that educates your people in the rules of business, rallies them around a common goal, empowers them to see and improve the score, and engages them by giving them skin in the game. It is in its 34th printing, was recently selected as one of the "100 Best Business Books of All Time," has been cited in 140 scholarly articles and 100 business books, and has been published in 14 languages.   Now Jack is releasing his new book, Change the Game: Saving the American Dream By Closing the Gap Between the Haves and the Have-Nots to share the Why behind the Great Game of Business® operating system:
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If You're Not Keeping Score, It's Only Practice

Winners are fanatics about keeping score. They understand that if you’re not keeping score, you’re not playing for real.   Whether in business or in a game, the primary objective of keeping score is to consistently inform the players if they are winning or losing and who is accountable... moving the process of keeping score from “them measuring us” to “us measuring ourselves.”  Keeping score gives people the critical feedback they need to make the right adjustments, improve performance, and win the game.
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8 Essential Tips for a Successful Huddle

Meeting together as a team to discuss the financials and critical elements of your business is a vital part of The Great Game of Business®, but more importantly, it is an opportunity to focus on the people responsible for those numbers and the story behind the numbers. Successful workplace Huddles affect all team members' mindsets and influence your team's performance in the financials.  Here are 8 tips to help you get the most out of your Huddles:  
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5 Golden Rules of Teaching Financials to Employees

If you approached an employee at your company and asked them who creates the financial numbers in your company, what would they say? Odds are, they’d probably point to the accounting department. Sure, accounting has a lot to do with your company financials, but they don’t really create them. Your employees create the financials through the decisions they make and the actions they take. So how do you help your employees understand their part in creating the numbers and how their actions can affect those numbers? We recommend you follow the five golden rules of teaching employees about company financials:
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Why Implement & Continue to Invest in The Game?

Taking the leap into open-book management and a transparent culture can be intimidating, so we asked the best of the best in open-book why they implemented the Great Game of Business®, and what motivates them to continue investing in The Game. 
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Our 10-Step Approach to GGOB Implementation

In more than 35 years practicing The Great Game of Business® at SRC, as well as three decades helping thousands of companies implement The Game in their own companies, we have determined the fastest, most efficient and most reliable path to Rapid Financial Results and Lasting Cultural Change™ follows a set process.  We honed and developed the 10-Step Approach to GGOB Implementation to guide companies implementing The Great Game of Business in their organizations. 
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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.