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Fears of Recession? Here Is What You Should Be Doing

Jun 28, 2022 by ITR Economics 0 Comments
We have been hearing a lot from our community about whether they should be buying, selling, hiring, firing, etc. Nobody is quite sure what they should be doing. First and foremost, just take a moment to breathe. Fears of a recession are broadcast all over the media, with factors like higher interest rates, inflation, and the decline of the stock market weighing heavily on everyone's minds. We teamed up with ITR Economics to get the firm's take on the economy and help people and businesses plan ahead for the future.
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What Bass Fishing Guides And Fireworks Retailers Can Teach Us About Where The Economy Is Headed

As consumer demand begins to soften, ensuring the accuracy of your forward forecasting is more essential than ever.   Bass fishing is big business in Missouri. People come from all over the world to come and fish our lakes during the peak summertime tourism season. But when I went out to the lake recently, I witnessed a different story. Soaring gas prices mean people aren’t running their boats as much. I can’t remember another time when I hadn’t seen a single other boat out on the lake in June like I did that day.
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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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Operating with Purpose: How The Great Game of Business and B Corp Benefit Employees

The pandemic has caused many people to stop and reflect on what really matters to them, resulting in what some have called The Great Resignation or the Great Reshuffle. This has had a huge impact on businesses — now dealing with higher than usual turnover. Recent studies by McKinsey & Company and Gartner show that the majority of employees – especially younger generations — are seeking greater purpose at work. And when they find that greater purpose, they are happier, more productive, more engaged, and more likely to stay. The McKinsey study also found that employees are five times more likely to remain at a company that regularly reflects on its impact on the world.
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Winning The War For Talent For Nonprofits: How to Engage Highly Skilled Volunteers

May 24, 2022 by Ivy Shelden 0 Comments
You’ll experience the labor shortage differently depending on where you’re standing. If you’re a business owner, you might be considering shorter hours, posting signs asking for grace from customers, or redesigning your company culture. But if you’re a nonprofit worker, you might be telling a hungry family: “I’m sorry, we can’t provide food for you tonight." Or a woman escaping domestic violence: “There’s no room in our shelter at this time, we’re at capacity." This is the reality for nonprofits across the nation as they struggle to compete in the war for talent. 
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Inflation and Your Employees

May 18, 2022 by ITR Economics 2 Comments
Are you prepared for the inflationary pressure on the US economy? ITR Economics is sharing resources to help both businesses and employees position themselves to bypass the negative effects of inflation.
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What's The Best Antidote To Supply Chain Shortages? Living The Golden Rule

May 16, 2022 by Jack Stack 0 Comments
At a time when we’re more disconnected than ever, let’s start treating each other with kindness and empathy. Emotions are running hot these days as the weather starts to warm up around the country. People are on edge. Patience and empathy for others might be at all-time lows. Maybe we should start calling what we’re going through the Great Disconnect. And you know what’s causing it? Shortages.
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We're Suffering From A Gap in Financial Knowledge; It's Time To Close It

There’s an epidemic ravaging communities across the country, and it’s not only COVID-19. People everywhere now face dire economic circumstances where their lack of financial savings or mounting debt is contributing to a crisis of stress and mental health. Despite all the wage increases we’ve seen in the wake of the War for Talent, more than half of all Americans lack the funds to cover an unexpected $400 emergency, like replacing a blown tire or a trip to the hospital. That means millions of us are a mere hiccup away from sliding down into bankruptcy. How did we get here?
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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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Who Are The Upcoming Leaders In Your Company? — Creating A Leadership Succession Development Plan

May 3, 2022 by John Williams 0 Comments
    Most companies spend countless hours working on strategy, sales and growth plans, financial plans, and 5-year forecasts, also known as HIP (High-Involvement Planning™). They have numerous spreadsheets, presentations, and market data to support their plan. They bring in macro and micro-financial gurus to validate their information. The board approves the plan, and everything is ready to go.     Wait a minute. The company forgot to answer the most important question. Who will be responsible/accountable for making sure this gets accomplished? Do we have enough capable and available leaders to grow the top and bottom line 10%? Who is going to open and manage the new locations or the acquisition? Who is going to lead the new product launch? Good question/s. 
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Inflation and a Pricing Strategy For Success

Apr 28, 2022 by ITR Economics 0 Comments
Concerned about inflation? There are facts supporting the assertion that consumers will most likely be able to manage ongoing inflation and drive economic activity to new levels in 2022–23.
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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.