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Valuations Through the Pandemic

Apr 8, 2021 by Tom DeSimone 0 Comments
  During March 2020, when the COVID-19 pandemic reached the U.S., it not only impacted the health of many Americans but also quickly resulted in economic instability: thousands of businesses were shuttered, the unemployment rate spiked, there was a significant drop in personal consumption expenditures and GDP plummeted. However, the U.S. government intervened, helping to stem further declines by offering unemployment and stimulus payments to eligible individuals as well as programs such as the Paycheck Protection Program to assist businesses in continuing their operations. As a result, the U.S. economy began to recover; still, it has lost ground since early 2020.
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Why Choose an ESOP?

Mar 30, 2021 by Tim Jamison 0 Comments
When it comes to deciding upon an exit strategy, owners of closely-held businesses have a lot to think about. Faced with the frightening prospect of turning over the business they have worked so hard to build to new ownership, they might worry about what will happen to the company – and their employees – once they’re gone. Selling the business to a third party isn’t always a welcome or viable option. But if there isn’t a qualified management team or successor in mind, what’s a business owner to do?
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Why Isn’t The Front Line Treated Like The CEO?

      A company is only as good as its people. Everyone knows that. So why is that in so many companies the vast majority of the information-hoarding and decision-making happens only at the top? Why have we been holding onto a managerial system invented decades ago to fit an industrial society that tells us that only the CEO and the rest of the C-Suite are smart and capable enough to drive the company forward?
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And The Winner Is…

Mar 2, 2021 by Jack Stack 2 Comments
How Healthy Competition Drives Continuous Creativity And Productivity At SRC By Jack Stack   I’m a big believer in the positive power of competition. I believe it’s a universal truth that all people like to win—and hate to lose. But as I’ve written about before, losing is also an opportunity to learn and to improve. So, why wouldn’t we try to build in some of that healthy competition into the workplace? To take some of the drudgery out of our day-to-day routines and spice things up with some competition? At a fundamental level, that’s what The Great Game of Business® is all about.
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How The Great Game Gave One Business Hope At Its Darkest Time

Dec 17, 2020 by Darren Dahl 0 Comments
Back in mid-March 2020, Chris Hurley, the co-owner and CEO of Russell & Abbott Heating and Cooling in Maryville, TN, was in a dark place. The COVID-19 pandemic had begun its rampage and the country was beginning to shut down in response.
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The Job That Built Me - An Employee's Story

Dec 8, 2020 by Cassie Potts 1 Comment
My GGOB Story  The year was 2011, and I was living it up as a young single 20-something in Springfield, MO. I was a proud community college graduate holding an associates degree in ‘electronic media production’ with a slight obsession with attending large-scale music festivals.  You know the ones, Coachella, Bonnaroo, The HangOut Music Fest. I lived for them and I was always planning out which one I would attend next, always keeping in mind what my small hourly call center wage would support. 
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The Original Doubter of Open-Book Management

  Does it really work or is it just a bunch of hype? Boy, I wish we had a dollar for every time someone has asked us that question. I wish we had five dollars for every answer we've given. Let's see— that would be a debit to "cash" and a credit to "other income." Overhead, labor absorption, and materials would be unaffected, so we have raw profit going straight to the bottom line. Wonderful!!! Our stock value would be enhanced and our jobs secure. See, you're already playing The Game and you've hardly begun the book. Would it scare you if your employees thought like this? Would it scare you if you thought like this? 
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Closing The Gap Between The Haves and The Have-Nots

Sep 2, 2020 by Darren Dahl 0 Comments
  “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.
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4 Secrets of Survival You Should Learn from ESOPs

Jul 7, 2020 by Corey Rosen 0 Comments
    Research shows that companies who share ownership widely with employees survive recessions better than ones that do not. They lay fewer people off, they recover faster, and they often end up able to buy other companies who have not done as well. So what is their secret, and what are they doing to survive the most extreme crisis any of us has ever faced? That was one of the topics covered in a recent book I wrote for the NCEO, Dealing with the Economic Crisis: Lessons from ESOP Companies. About half the book looks at issues specific to ESOPs (plan restructuring, executive pay, refinancing, interim valuations, communicating valuation, etc.). The other half looks at ideas on organizational culture that any company can use—albeit they are likely to work better if you do share ownership. Several key themes emerge from companies we looked at:
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Who Says Business Isn’t Personal?

Jun 2, 2020 by Darren Dahl 0 Comments
  We all know some version of the line that appears in the iconic film, The Godfather, where Michael Corleone says to his brother, Sonny: “It’s not personal…it’s strictly business.” Turns out that the phrase was reportedly coined in real life by a guy named Otto Berman, who also happened to be an accountant for organized crime families. With a checkered origin like this, why has this phrase become so wildly accepted? 
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The Universal Opportunity to Use Business to Close the Gap Between the Haves and the Have-Nots

Jan 28, 2020 by Darren Dahl 0 Comments
When you travel just about anywhere throughout the world, there is a bond that brings people together: Jobs. The desire to earn a living, provide for a family, and give back to one’s community is universal. But the bonds that we all share go beyond what we do or where we work. There’s something else we’re all searching for—a way to leverage business to help close the gap between the so-called “haves” and the “have-nots” that increasingly plagues our societies. We’re looking for a way where everyone can earn the opportunity to win and get ahead. We’re also searching for a way to make work more engaging and participatory. To give people a voice in the work that they do and to give them the opportunity to earn a reward that truly reflects their hard work. We wonder if there is a way to leverage business in a way that creates a better, more equitable society that future generations can build on. In short, we’re all looking for a better way to run a business that gives every worker the chance to grab the brass ring for themselves.
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How One Company Saved $270K in MiniGames™ & Educational Training

Oct 25, 2019 by Lauren Haley 0 Comments
Giving employees equity is one thing. Getting employees to think and act like owners is an entirely different story. That’s why SRC Holdings Corporation has an Ownership Culture Committee (OCC) responsible for challenging each company to stay true to the principles and practices of The Game and spreading the culture of ownership to every employee in the SRC family of companies.   With two major changes in leadership, a dip in the core business, and no sales manager, SRC Logistics, a division of SRC, knew 2019 would hold its challenges. In order to meet their annual plan and the metrics they needed to have a successful business year, their five-member Ownership Culture Committee helped facilitate MiniGames™ across all departments, provide educational trainings, promote cost savings and revenue opportunities, and ultimately close the gaps and have a successful 2019 year. Here’s how SRC Logistics turned their year around:
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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.