For many today, it would be unthinkable— if not sheer torture—to run a company supported by data arriving by pony express and steamship. Yet, in the 1800s, that’s what American industrialists regularly did to huge success. How could Carnegie and Rockefeller have made significant, informed decisions with material gathered by mere telegraph, letters, and only later, telephone? Weren’t they alarmed that their milk was fresher than their business intelligence?
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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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How one entrepreneur uses The Great Game of Business to help fulfill her childhood ambition Erika Cisneros first dreamed of studying the law back when she was in the fifth grade. Her class conducted a mock trial of Goldilocks—who was charged with breaking-and-entering the home of the three bears—and she presided over the case as the judge. “That’s when I fell in love with the courtroom,” says Cisneros.
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Demystify business by empowering your people to set their own goals and share in the rewards. Then watch what happens Seems that a day doesn’t go by without the online retail giant Amazon making some news. Whether it’s the surging demand for its products during the pandemic or the fabulous wealth of its founder, Jeff Bezos, the company is a magnet for attention. More recently, the world turned its focus on Amazon to see if the employees working inside one of its facilities in the state of Alabama would vote to unionize. Despite ongoing horror stories of the dog-eat-dog culture inside Amazon—a story with roots dating back to a story that grabbed headlines back in 2015—the vote failed.
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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.
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The word profit can mean many things to many people—especially in our current political climate. But for an increasing number of folks, profit has become a negative term—a dirty word—which has huge implications for the economic sustainability for businesses across the world. At a time when company values and purpose have gone mainstream, and when even the Business Roundtable has begun prioritizing stakeholders over shareholders, the basics of what goes into making a profit has come under fire.
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If you’re like most business leaders, you’re always looking for ways to educate, empower and engage your employees. Want proof? Studies show that 90 percent of leaders think an engagement strategy will have an impact on business success. The only problem? Barely 25 percent of them have a strategy for implementing it.
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About Innotec The founders of Innotec, a manufacturer based in Zeeland, Michigan, wove the open-book principles of The Great Game of Business into the DNA of their business right from the get-go in 1992. “We based our organization on the same practices that SRC uses,” says Nick deVries, Innotec’s head of finance. “We want to give ownership and the information needed to make decisions directly to the people doing the work.”
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