The Great Game of Business Blog

Inspired to diversify their employee-owned business, Malco Products has revived an abandoned factory and its iconic brand from the bottom up. The U.S. has been bleeding manufacturing jobs for decades. Back in 1980, for example, more than one-third of men with a high school degree worked in the manufacturing sector . But those numbers soon began a rapid decline fueled by a combination of factors ranging from the rise in automation and rising competition with nations like China to an increase in the so-called “skills gap” that left many manufacturing jobs unfilled due to a lack of workers qualified to fill those openings. That’s why, today,  manufacturing jobs make up about 8% of total employment , according to the Bureau of Labor Statistics.

It’s become apparent that we celebrated the end of the pandemic a little early. Believe me, I was one of the first people who couldn’t wait to rip my mask off. I hate wearing them. You can imagine the sense of relief I felt when I finally got my second shot. Then, as the COVID numbers dropped, and dropped some more, we could finally take our masks off. It seemed like we had really turned the corner on this thing.

  Every company should have a vision for itself. Jack Stack, CEO of SRC Holdings and the founder of The Great Game of Business, says, "Having a 10-year plan can help overcome unexpected surprises."  Recently, Rich Armstrong, President of The Great Game of Business, and Steve Baker, Vice President, "sat down" (via zoom) with Jack to learn about the 10-year vision for SRC Holdings in a post-covid world.

  Why more and more business leaders are opening themselves up to pursue a higher purpose  The impact that Bo Burlingham has made on the business world is difficult to quantify. In his time as a journalist writing for magazines like Inc. and Forbes, Bo continually put his finger on pivotal changes taking place in the entrepreneurial marketplace of ideas. But Bo may have made an even bigger impact through the books he wrote based on people he was meeting as he uncovered these groundbreaking ideas.   

The pandemic has forced all of us—coaches, teachers, pastors, business leaders, and even parents—to walk a very narrow line. On one hand, we all need to take every action we possibly can to keep our friends, neighbors, kids, and co-workers healthy and safe even as the virus continues to surge. On the other hand, we have to find creative ways to keep society functioning—without jeopardizing the health of each other.

  Every year I look forward to attending the Great Game of Business’s annual conference. Over the past 28 years, it’s always been an opportunity to improve—to receive an education on how we can continually improve upon the lives and those of the people working inside our companies and within the communities that support us. I chuckle when I think back to our first conference—what we called The Gathering of Games at the time—which we held in our hometown of Springfield, MO. We honestly weren’t sure how many people were going to show up. A few dozen intrepid souls did make the trip—so we decided to hold another conference the following year, moving it to St. Louis to make it easier for more people to attend. We built on that momentum year after year—building up our community of like-hearted Great Game™ players with each conference. While I have learned so much from the incredible lineup of speakers and presenters that have blessed the stage over the years, I’ve learned just as much—if not more—from the attendees themselves over a shared meal or a cold beer at the bar after hours. They have been my most cherished friends and teachers when it comes to how we can collectively reimagine capitalism.

  “Business can be a step to make a positive difference in the world. It empowers people to pursue their dreams.” Those are the opening words that Jack Stack and I wrote in our new book, Change the Game: Saving the American Dream By Closing the Gap Between the Haves and the Have-notes. Our goal in writing the book was to share stories about the brighter side of capitalism. We wanted to show real-life examples about how we can create better lives for ourselves and our communities—and bridge the wealth gap plaguing our society—by teaching people the rules of business, helping them keep score, and by sharing A Stake in the Outcome®.  We wanted to shed light on the positive ripple effect that results when you build a business of business-people who think and act as owners do.

On March 17, 2020, John Costello, the owner and CEO of Cherry’s Industrial in Elk Grove Village, Illinois, entered a nightmare. On that day he learned that his wife, who works in the business, fell ill. She exhibited all the classic symptoms of Covid-19, such as a fever, dry cough, and a sore throat. But, with limited testing available at the time, they couldn’t be sure. Then, their son experienced similar symptoms.