The Great Game of Business Blog

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The Building Blocks of an Effective Bonus Plan

If you’ve watched the movie National Lampoon’s Christmas Vacation, you probably remember the failed “Jelly of the Month” bonus program. Picture Clarke W. Griswold daydreaming about the pool he couldn’t afford, based on a bonus he was simply expecting to get. Did the bonus make him work harder? Did it make him feel good about his job? Feel more connected to the goals of the company? No way! The bonus was seen as an entitlement; it was not intended to motivate behavior in any way. Most bonus plans disappoint employees because they’re a mystery, they’re unpredictable and they’re never, ever enough. So what can you do?
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Our 10-Step Approach to GGOB Implementation

  In over 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 that 10-Step Approach to GGOB Implementation to guide companies implementing The Great Game of Business in their organizations. 
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Catering Company Survives Tough Times by Teaching Employees to Think Like Owners

Tasty Catering began as a fast-food hot dog stand called Tasty Dawg more than 25 years ago. Founded by a trio of entrepreneurial brothers, Tom, Larry and Kevin Walter, the company, which is based in the Chicago suburb of Elk Grove Village, Illinois, now serves up tasty treats at weddings, corporate meetings and conferences, social events, residential parties, special events, holiday parties, outdoor picnics, and more. Beyond its great food, Tasty has also garnered dozens of awards for its outstanding company culture.
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Is your Bonus Program Sabotaging the Health of your Business?

Dec 18, 2014 by Steve Baker, VP 0 Comments
  In an effort to motivate and reward employees, companies often mistakenly develop bonus and reward programs that ultimately sabotage the overall health of their business. While rewarding employees is valuable, you must consider the backlash of a poorly-designed incentive plan. In the end, every bonus program should be built on a solid foundation that ensures the long-term financial security of the business first. Let’s look at three steps you can take to ensure your bonus program is not sabotaging the health of your business: 
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Family-Owned Manufacturer Improves Gross Margin with The Great Game of Business

The Kiolbassa Provision Company is a 65-year-old family-owned manufacturer of handcrafted sausage based in San Antonio, Texas. Originally started as more of a pork and beef processor, the company shifted into making sausage fulltime under the guidance of president Michael Kiolbassa, whose grandfather started the company. The company’s sausages will soon be sold in all 50 states and in Mexico. 
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Australian Accounting Firm Increases Productivity & Engagement Using Open-Book Management

O’Connells OBM is a progressive chartered accounting firm based in Brisbane, Australia, that specializes in providing its clients with proactive tax and business advisory services. The OBM in the firm’s name is short for open-book management, which the company first embraced some 15 years ago. 
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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 was released mid-January, 2014 and included Great Game Hall of Fame winner, Hilcorp Energy.
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The Great Game of Government: Playing without Bonuses or Equity

Aug 22, 2013 by Tim Simth 0 Comments
Greene County, MO is the first county government organization to attempt to apply the theories of the Great Game of Business to their organizational culture. Unfortunately, this does not come without some new barriers. Being a government organization, Greene County cannot give out bonuses or gain buy-in through equity. How does Greene County expect to move forward in The Great Game without one of its key components?
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4 Tips for Fine-Tuning Your Bonus Plan

Dec 4, 2010 by Bill Collier 0 Comments
The year-end bonus ... it’s an American tradition. But it’s easy for a bonus to turn into an entitlement. While your employees no doubt appreciate the extra money, once it becomes automatic  and expected it may as well be considered part of their regular pay. Here are 4 tips to put your incentive program on the right path, and to turn it into an investment in improved performance.
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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.