The Great Game of Business Blog

I once had a conversation about how people get confused between “killer apps” and “the operating system.” For example: Business people get terribly frustrated when the latest management program or tool they’ve turned to doesn’t bring about lasting change. We always point out that great programs like Lean, Total Quality Management or the “Best Customer Service Plan Ever” are great apps – all super-effective tools that don’t build great companies all on their own.

Even if you feel you have your staff meetings down to a science, you may still struggle with keeping your employees engaged, informed and focused on the company’s goals. One of the biggest challenges in business today isn’t planning or even strategy; it’s the ability to execute company goals. Why? Many companies fail to consistently and openly discuss their wins and losses.

When it comes to employees learning financials, it may seem overwhelming for those who don’t have a background in accounting or business. At first, nearly anything you say about the financials will sound absolutely foreign. So what can you do to break down this communication barrier? There are a number of techniques you can use when communicating the numbers to ensure everyone is on the same page. Here are four strategies to improve communication about financials with your employees:

Most companies these days are struggling to find enough people to chase all the opportunities in front of them. SRC, the birthplace of the Great Game of Business®, is no exception.  Jack Stack, CEO of SRC Holdings, understands that if SRC is going to be successful in the long run, it needs to become a better competitor in the “War for Talent.” One way to do so is for SRC to leverage The Great Game of Business methodology to create a line of sight where everyone inside the organization is focused on that goal. By making people their Critical Number, this is no longer just a problem for the human resource department to overcome: it becomes the focus for the entire company.

  Planning is the pinnacle for any business. Without goals and plans to attain those goals, your company will struggle to grow and improve. In fact, a study published in the Journal of Management Studies stated that although businesses can find success without planning, companies with a plan grow 30 times faster than those who do not have one.  Springfield Remanufacturing Corporation (SRC) is well-known for its High-Involvement Planning™ structure. Using this structure, all SRC divisions develop their strategic plans and come together as a collective organization—involving everyone in the company, from hourly employees to management, in the planning process.     While it might seem extensive, this process proves an integral component of our open-book management structure. Over the years, educating, empowering, and engaging everyone at all levels in the business has repeatedly generated positive results. SRC uses four types of planning that translate directly into our sustainable business success. Let’s dig deeper into each of these four key types of planning:

If your company practices any level of transparency, you know it’s often difficult to help your employees understand all of the financial jargon they will hear on a daily basis. What better time than now to teach your employees basic business financial terms and help them understand what they mean? Use the terms and definitions below to complete this classic training bite to help your team learn 11 basic financial terms in 15-minutes or less. 

  "Winning isn't everything, but wanting to win is."  - Vince Lombardi Part of the magic behind The Great Game of Business® comes from tapping into the universal human desire to win.  Give people a chance to win early and win often, and you'll capture their interest, keep them engaged and drive the success of your business.  Whether you are just starting your Great Game journey, or just looking for a boost, inject some fun and focus by launching some departmental MiniGames™  and create the wins your team needs.  

Each of these companies; Superior Restoration, SuperSuds, Venturity, and Willoway Nurseries are part of a growing community of Great Game™ companies who have reimagined capitalism as a transformational force for good. Each year, the Great Game Community recognizes companies like these who have the courage to do business differently. They are using the power of business to transform their associate's lives and the communities which they serve, for the better. They are part of a movement that's trying to 'Change the Game'.

  Each of these companies; Lake Havasu Family Eyecare, Laron, Malco Products, and SummitCove Vacation Lodging are part of a growing community of Great Game™ companies who have reimagined capitalism as a transformational force for good. Each year, the Great Game Community recognizes companies like these who have the courage to do business differently. They are using the power of business to transform their associate's lives and the communities which they serve, for the better. They are part of a movement that's trying to 'Change the Game'.

  Each of these companies; HLB Lighting, IntrustIT, Jenner AG, KAAPKE, and Kiolbassa Smoked Meats are part of a growing community of Great Game™companies who have reimagined capitalism as a transformational force for good. Each year, the Great Game Community recognizes companies like these who have the courage to do business differently. They are using the power of business to transform their associate's lives and the communities which they serve, for the better. They are part of a movement that's trying to 'Change the Game'.

  Each of these companies; Dragon Army, English Tea Shop, Evergreen Cooperatives, Experity, and Goodall Homes are part of a growing community of Great Game™ companies who have reimagined capitalism as a transformational force for good. Each year, the Great Game Community recognizes companies like these who have the courage to do business differently. They are using the power of business to transform their associate's lives and the communities which they serve, for the better. They are part of a movement that's trying to 'Change the Game'.

  Each of these social sector organizations; Community Partnership of the Ozarks, Pregnancy Care Center, and Victory Mission + Ministry are part of a growing community of Great Game™ practitioners who have reimagined capitalism as a transformational force for good. Each year, the Great Game Community recognizes organizations like these who have the courage to do business differently. They are using the power of business to transform their associate's lives and the communities which they serve, for the better. They are part of a movement that's trying to 'Change the Game'.