The Great Game of Business Blog

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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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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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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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Open Books = Quicker Capital Projects

Jan 14, 2021 by Michelle Marcotte 0 Comments
Originally published in AEPNow on Monday, January 4, 2021 A Shreveport line mechanic installs new equipment on a pole near Line Avenue.   Shreveport construction crews are completing capital projects at a faster pace than ever before thanks to a strategy that helps them understand the financial impact of their work. This year, the Shreveport District initiated a weekly schedule of pole replacements and other projects to build long-term assets.
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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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Missed Opportunities

“Maybe that meeting was my missed opportunity,” Ron told me, beating himself up a bit. “The fact that the president hadn’t even reported the actual results from the quarter should have alarmed every one of us board members into taking action.” That never would have happened at SRC. We work with our financials in real-time and through our constant huddling, not to mention our bi-annual High-Involvement Planning (HIP) meetings where all of our divisions get together to compare our progress on achieving our plans and forecasts. Paranoia can be good for you—unless you don’t do something about what scares you. You can’t hide from the solution and be successful.
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9 Forecasting Phrases to Listen For

May 24, 2019 by Jack O'Riley 1 Comment
Part of the “secret sauce” in playing The Great Game of Business is developing a consistent Huddle rhythm that includes forward forecasting your income statement by "line owners," or people close to the numbers that have responsibility for reporting each line of the P & L. The level at which associates embrace this practice varies across Huddle team members—some take it very seriously, while others devote little or no time to this critical process. As a business coach who has been a part of hundreds, if not thousands, of Huddles, I've learned what to listen for in a forecast. When I hear phrases like these below, it alerts me to dig a little deeper and ask questions of the line owner to promote a better thought-out and more accurate forecast:
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Forecasting 101: 3 Tips for Success

A financial forecast in business is a prediction of what’s going to happen. Not what you hope will happen, not what you fear will happen, but your best guess as to what’s likely to happen. While reviewing and analyzing company performance and financials is an important process in the business world, the past cannot be changed. Forecasting is a tool that makes financial reporting a forward-focused, educational process where changes and adjustments can be made to influence the outcomes of the numbers. What does it take to properly forecast?  Here are three tips on making forecasting work in your business:
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6 Key Components of Financial Forecasting

You wouldn’t drive your car while only looking in the rear-view mirror…why run your business looking only at the past? This is the method many businesses have used for decades: close the books, review the numbers, repeat. While reviewing and analyzing company financials is an important process, you can’t change history. Forward financial forecasting is a way of communicating your company’s financials while keeping all eyes on the target. The purpose of forward forecasting is not to predict the future, but to influence it. This process minimizes surprises by having employees estimate or offer an educated opinion on what to expect.
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Automating Financial Forecasting with Office365, SharePoint and PowerBI Score Boards

Aug 30, 2018 by Bryce Finnerty 0 Comments
Want to learn how to enhance how you play the Great Game of Business? Open-book management is a powerful tool to grow profitable businesses that benefit all employees and stakeholders. At the core is financial literacy, which includes financial forecasts that are reported in weekly Huddles and presented on white boards, so everyone can follow the action and keep score to know if they are winning or losing The Game. We want to show you how to go beyond traditional desktop tools like Excel for financial forecasting and scoreboards. 
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Tips You Need to Know for Forecasting Cash Flow

Sep 10, 2015 by Jack O'Riley 0 Comments
Forecasting cash flow is the key to the survival of many organizations, yet it’s a non-existent process in others. Often, organizations with abundant cash see little value in taking the time to put a system in place to do this. Other organizations that operate with little or no cash see forecasting cash flow as a critical element in running their business in such a manner as to avoid a crisis of liquidity. The truth is, Forecasting cash flow should be a part of the monthly business cycle, regardless of your cash situation, and here is why. 
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Power Plant Employees Control Costs & Impact Bottom Line

American Electric Powers’ (AEP) Pirkey Power Plant in Hallsville, Texas, has been providing low-cost power to its customers since 1985. The plant is part of a division of AEP called Southwestern Electric Power (SWEPCO), which is composed of eleven plants over a three-state region that includes parts of Texas, Louisiana, and Arkansas. 
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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.