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A 10-Year Vision

Jun 29, 2021 by Great Game Team 0 Comments
  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.
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Beware The False Economy

Jun 22, 2021 by Darren Dahl 0 Comments
How Growth and Contingency Planning Can Help You Focus On Your Best Opportunities While Saying No To Distractions. The economy is opening up in a big way. Forecasts now peg the GDP to rise as astounding 6% this year. For some organizations out there, it might feel like trying to drink out of a fire hydrant to keep up with that kind of growth. Many of the SRC companies, for example, are seeing an unprecedented surge in demand for their products and services—levels the company hasn’t seen in nearly 40 years.
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What Are We Teaching Entrepreneurs These Days?

  Unfortunately, it’s not just decades-old companies that hoard information or run out of cash. It happens to companies of all shapes and sizes every day. And sometimes they’re even being told it’s good for their business. If that sounds crazy to you, you’re right. It’s crazy. And what about schools and innovation centers that teach a generation of young entrepreneurs what they need to do to succeed but don’t include classes on managing cash?
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4 Types of Planning for Sustainable Business Success

May 13, 2021 by The Great Game Team 1 Comment
  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:
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Going Beyond The Mission Statement

  Words are cheap. What I mean is that it’s easy to say something, but it’s a heck of a lot harder to actually put those words into action. For example, I’ve been thinking a lot recently about how it’s become commonplace for companies to trumpet their mission, vision, and values. Everyone says they have a higher purpose with their business, something more than just pursuing profit, which is great. The idea is to show your associates, your customers, and the communities you operate in that you have a higher purpose than just making money at their expense.
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Why You Need a 10-year Plan

Feb 2, 2021 by Darren Dahl 0 Comments
  Right from their rocky start in 1983 (who else starts a business with an 89-to-1 debt-to-equity ratio in the middle of a recession?), Jack Stack and the team at SRC started planning ahead. Not just for the next day, week, or month. Or even for the next year. For their entire history as a business—which has grown from a single factory into a collection of ten businesses and 1,800 associates—SRC has been planning ahead for a decade at a time.
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Are You Planning For The Next Recession?

Dec 1, 2020 by Darren Dahl 0 Comments
Recessions are painful. They cause businesses to close—and billions of dollars in capital to melt away. Recessions are also about more than just a dip in economic activity. They get personal. People lose their jobs and a way to support their family. Recessions strain our social safety net and put lives at risk. The only good thing about a recession is when it ends. But there’s another ugly truth about recessions—there’s always another one right around the corner. Historically, recessions hit the U.S. economy about every 10 years or so. That means even as we struggle to get through the current recession triggered by the COVID-19 pandemic, we can also start the clock on when the next recession will hit. Recognizing that 2020 has been a heckuva year, the question becomes: What are you doing today to plan for the next recession?
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Greatness Comes from Looking Ahead

Jul 28, 2020 by Jack Stack 3 Comments
What a 9-year-old Can Teach Us About Life One Saturday morning, I found myself standing and watching a Little League baseball game. I had a mask on my face and was safely isolated away from anyone else. It was so weird. But I enjoyed being outside in the sun, hearing the familiar sounds of a ball popping into leather and the pings of the bat when hitters made contact. It almost felt like the start of something new.
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Reasons You Should Bring the Marketplace to Your People

May 27, 2020 by Rich Armstrong 1 Comment
Improve Your Year-End Outlook—Through Data-driven, High-Involvement Planning & Strategy Development Every business out there has been impacted by economic conditions in some way. While some have been forced to shut their doors, others have seen demand spike for their products or services. The devastating speed with which disruption has hit forced companies to make dramatic adjustments to cope and survive—or even to keep up and thrive. But short-term thinking will only get you so far. It’s now time to adjust your sights and start to look further out. It’s time to move past the uncertainty of today and begin thinking about what the marketplace is telling you about what your organization faces tomorrow.
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Why Timing is Everything

May 20, 2020 by Darren Dahl 2 Comments
When's the best time to start playing The Great Game of Business®? For SRC, it didn’t come down to a choice. They began playing Great Game™ back in 1983 out of desperation. It was a Hail Mary resort to save their business. They used the system to claw their way out of an 89-to-1 debt-to-equity hole. In the years since, many other companies have also turned to The Great Game of Business system as a last resort. Most of us are more open to change during tough times. What’s less common, though, is companies embracing the system during good times. Why fix something when it isn’t broken, right?
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Why Being Open-Book Matters During a Downturn

May 15, 2020 by Darren Dahl 0 Comments
A conversion with Ari Weinzweig from Zingerman’s Community of Businesses. The pandemic has hit restaurants hard across the country. Even those that have remained open by offering delivery and take-out service have seen sales—as well as profits—drop, often by a lot. There’s also the question of how to manage furloughed or laid off staff—and when to bring them back to work. Finding answers to those questions remains top of mind for Ari Weinzweig, the co-founder (with Paul Saginaw) of Zingerman’s Community of Businesses (ZCoB), a collection of what is now 11 ventures based in Ann Arbor, Michigan.  ZCoB includes an array of industries such as a deli, a bakery, a mail-order fulfillment house, a caterer, a training business (that teaches open-book management among other topics), a coffee company, a creamery, a restaurant, a candy maker, an event space, and most recently, a Korean restaurant. ZCob also includes a separate business called Zingerman’s Service Network that provides administrative services to its sister companies.
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It’s Time To Reimagine Your Business

May 13, 2020 by Darren Dahl 0 Comments
The coronavirus pandemic, and the subsequent economic shutdown, has seemed to punish some businesses more than others. That’s especially true for anyone in the travel, hospitality, or restaurant industries—all of whom have been essentially shut down with the economy. For these business owners, the rescue package offered by the government—and the payroll protection program, or PPP, in particular—offered a short-term lifeline to keep companies alive and people employed.
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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.