The Great Game of Business Blog

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What Makes Fortune's "100 Best Companies to Work For" so Great?

      Each year, Fortune partners with the Great Place to Work Institute to survey employees at hundreds of corporate America’s top firms to determine which companies will be named as one of the 100 Best Companies to Work For. The most recent list, released in 2022, included Great Game Hall of Fame winner, Hilcorp Energy.
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The Coaches' Corner: Tips For The Construction Industry When Facing A Volatile Market

In this recording of the coaches' corner, hosted on our online membership platform, 3 of our coaches discuss issues currently facing the construction and remodeling industry. They cover challenges their clients are facing today and how The Great Game of Business can be used to help mitigate some of those issues.
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The Cost of Turnover

Did you know turnover can cost a company $94,000 OR MORE? In an example below, Vice President, Steve Baker, applies our Dollar Exercise to the cost of turnover. Losing 9 people at a salary of $50,000 can cost you almost $100,000 and will take $1.4 million dollars in revenue to cover the cost. OUCH.  
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Maintaining Culture and Profits When Faced With Adversity

Business is always shifting. Economic trends change, technology evolves, and generational workforces move in and out. The one thing companies can always be sure of is adversity. So how do companies manage all the chaos? With today's supply chain issues, more people exiting the workforce than ever before, and the war for talent at an all-time high, how do business leaders possibly keep up with company culture and better yet, ensure they're making a profit?
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Strategies For People Shortages, Part Shortages, and A Misleading Economy

Every Friday, a think tank of Great Game™ coaches comes together to discuss pressing issues today's companies are navigating. They share out-of-the-box ways of thinking, how leaders can control different areas of the business, and how to mitigate the issues organizations have no sway over. We've listed some takeaways for leaders to consider when handling part shortages, people shortages, and preparing for an uncertain economy.
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Planning for the Challenges of the Future

In September of 2021, Jack Stack, President and CEO of SRC Holdings, discussed the future for his company, upcoming economic trends, and concerns business leaders should watch out for in 2022. Now that we're halfway through 2022, these trends and concerns are now today's reality. Listen to the complete podcast below to learn how implementing an operating system focusing on continuous improvement and planning can help you navigate challenges and adversity.
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4 Things We Learned About Culture From Patty McCord — Co-Creator of The Netflix Culture Deck

    What does the Human Resources department look like for a company practicing open-book management and organizational transparency? Patty McCord gave us a sneak peek look at some of the cultural elements and values that helped make Netflix so successful, yes, Netflix. For those of you unfamiliar, Patty McCord is the author of Powerful: Building a Culture of Freedom and Responsibility. Patty was a key confidant of Netflix founder Reed Hastings and served as the head of HR at Netflix during its rise. In her book, Powerful,  she credits reading The Great Game of Business, by Jack Stack and Bo Burlingham, for inspiring Netflix to adopt transparency and education when it came to the company's financials and strategic goals. According to Powerful, a big part of Netflix's secret to success in being first to shift to both a subscription model service and then later, a digital streaming service, was that they practiced open-book management.
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3 Things to Consider During Times of Inflation

Prices are going up. We've all noticed it, and it's maybe even got us a little panicked. So, when can we expect to see inflation start slowing down? Well, expert economists are expecting to enter a period of disinflation and slowed growth in 2022 and 2023. Below we have listed ways economists are saying inflation will impact spending and business growth — something all business leaders should take a look at.
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Should Business Owners Be Raising Their Prices Right Now?

We asked the President of The Great Game of Business, Darin Bridges if he thinks business owners should be raising their prices right now. His response, "hell, yes."   Protecting Margins Now, So You Can Fund Growth Tomorrow We've always had a saying at SRC. When the economy goes down — it's not the time to be asking for price increases. You've got to do it while the economy is going up. Everybody knows costs are going up right now — they're creeping up everywhere. We've heard the horror stories of the price of lumber, and surcharges keep emerging. It can be a scary thing, but within an inflationary environment, price increases are regular, and they're a crucial part of protecting margins. So how do you protect margins? This is where the whole idea of engaging your employees in the business and the finances comes together. Educating employees on how they make an impact and getting them to take ownership in what they do is so important. When they're aware of inflation and how that impacts the company, they're able to monitor expenses in their area of the business to help stay on top of costs. One man, one owner, one business leader can't do it all. You have to get your people to constantly and proactively find ways to reduce costs. Getting your costs under control and then going for the price increase will help maintain margins. You've got to be able to protect your margins to continue to fund growth, fund your people, fund the retention, and all the things necessary to see success for your business.
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The Difference a Great Culture Made in My Job Satisfaction (And Why That Matters During a War For Talent)

    Like so many workers leaving their positions during The Great Resignation, I wanted it all. Higher pay, remote work, and a flexible schedule were options my former position in a non-profit couldn't offer, so I accepted a new job I knew had these benefits. But here's the plot twist: After six months in my new role, I'm on the move again. As it turns out, I value a company's culture just as much as I value flexibility. The non-profits I left (after five years) offered an incredible culture that my new job lacked.
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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.