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DIY Strategies for Implementing Open-Book Management

Aug 19, 2016 by Chris Langston 0 Comments

Making the decision to implement The Great Game of Business (GGOB) is a big one. If you’ve been a follower of open-book management for a while, you know the benefits of getting started.

The Great Game of Business approach is simple, it’s just not easy. Many practitioners don’t recognize the difference initially and choose to jump in. (It’s okay! We didn’t either.) If you’re considering a DIY approach to getting started with open-book management, here are a few valuable lessons we learned in the process.

Three lessons learned in the DIY trenches:

  1. You might pull the wrong lever.  It’s easy to focus on what you believe is the right metric without recognizing the potential effect focusing on that metric might have on other areas of the business. This is exceptionally critical when it comes to determining the components of your bonus program.
  2. Your people have to understand the “why”. As a business owner or leader, you have all of the information and context that fits into the big picture. It’s important that you provide your team with that same context so they understand why a change needs to be made or why a certain focus should be put on one area of the business.
  3. Be willing to be real.  Depending on your perspective, sharing extremes that happen in business may be challenging. It’s important that your team doesn’t get the 'watered-down' or 'rosey' view. Celebrate and reward the good and take time to discuss the bad. Both are great learning opportunities.

You may be asking what the practices of the Great Game of Business look like for you and your business. If questions about "bonus programs" and "staff information sharing" are raised in your mind after reading this note from successful entrepreneur Chris Langston, we'd love to answer them at our annual Gathering of Games happening in just a few short weeks in Dallas, TX.

Join world-renowned speakers and breakout session practitioners, like Chris, by registering today. It's not too late!

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Topics: Open-Book Management

Written by Chris Langston

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.