The Great Game of Business Blog

Sign up to receive our blog posts conveniently in your email box

5 Ways to Eat Your Competition for Breakfast

Feb 14, 2019 by Jeffrey Gross 0 Comments
Peter Drucker is credited with saying, "culture eats strategy for breakfast". Even in today’s tech driven economy, a company’s human capital is still the most powerful potential competitive advantage. Culture is incredibly hard to build and even harder to maintain. Usually, culture is measured in terms of employee engagement. The cultures I admire most built their employee engagement around these strategies below:
Read More

What Does Cash Flow Mean to Employees?

Feb 12, 2019 by Dave Scholten 0 Comments
When the company does well, our professional lives go forward. But when the company doesn’t do well, eventually, it will impact the employees. The most common employee response to a company failure is “we never saw this coming!” Over the last 10-20 years, we have watched large, successful U.S. companies enter into failure mode. It constantly hits our media networks. It’s painful to see the impact of this demise on the people who have committed their professional life to the failing company. The failure of the corporation never seems to be “fair” to these employees. So, it’s appropriate to propose that the company’s success has to be important to the employees.
Read More

The Management Style Every Millennial Should Know

Feb 5, 2019 by Steve Baker 0 Comments
Amy’s Ice Creams’ workforce is made up primarily of millennials, most of which are seasonal employees. In the short time these younger workers are with Amy's, this Great Game All-Star company maximizes engagement in order to make a lasting impact on employees' futures, as well as the success of the business. Take a look at what Marketing and Communications Director, Aaron Clay, has to say about the company's fun, fast-paced and positive Huddles, and his four guidelines for enhancing engagement in your team's Huddles.
Read More

25 Handy Tips to Keep Your Great Game on Track

Creating an informed and engaged workforce doesn't happen overnight...and isn't sustainable without the dedication and focus of the whole team. To help get your Game off on the right foot in the new year, here's a list of must-know tips from our best blogs to help The Game excel at your company.
Read More

The One Thing You Should Be Giving Every Employee: Financial Literacy Training

It's simple. You cannot successfully implement open-book management and the Great Game unless every employee understands the financials and drivers of the business. But what puts the "best of the best" in open-book management above the rest when it comes to financial literacy training? We asked this year's All-Stars how they transformed their businesses to create a financial literacy focus that promotes engagement and accountability from top to bottom in their organization. 
Read More

4 Common Mistakes with Open-Book Management

For more than 25 years, we’ve helped thousands of companies implement open-book management to its fullest capacity. Along the way, we’ve developed a list of common mistakes companies make while using transparency and open-book management in their organization. If you think you are not executing open-book management correctly, or are not seeing the results you expected, then you may be making one of these four common errors:
Read More

4 Easy Strategies to Communicate Financials so Employees Can Understand

Dec 18, 2018 by The Great Game Team 1 Comment
 When it comes to learning financials, it may seem overwhelming for those who don’t have a background in accounting or business. At first, nearly anything you say about the financials will sound absolutely foreign. So what can you do to break down this communication barrier? There are a number of techniques you can use when communicating the numbers to ensure everyone is on the same page. Here are four strategies to improve communication about financials with your employees:
Read More

5 Golden Rules of Teaching Financials to Employees

  If you approached an employee at your company and asked them who creates the financial numbers in your company, what would they say? Odds are, they’d probably point to the accounting department. Sure, accounting has a lot to do with your company financials, but they don’t really create them. Your employees create the financials through the decisions they make and the actions they take.
Read More

7 Reasons Organizational Knowledge Is Power

Nov 8, 2018 by Donna Coppock 2 Comments
Historically, businesses using traditional management styles have been reluctant to give all of their employees the knowledge they need in order to make good business decisions day in and day out as they do their jobs. Open-book management takes a much different approach. It’s all about capturing and sharing both financial and organizational knowledge with every employee and empowering them to use that knowledge to contribute to the long-term success of the organization, as well as their own personal success. The benefits of knowledge sharing are numerous:
Read More

Eliminating Distortions in Your Data

Aug 14, 2018 by Greg Crabtree 0 Comments
  It is not uncommon for every business owner to start a discussion about their P&L statement with “well, that net income number is not correct,” then go on to list all of the things they would change if their accountant didn't make them do it that way. Business owners need to take back responsibility and control of their financial reporting and follow these simple principles to make their P&L a useful document.
Read More

Are You Too Afraid to Open the Books?

May 25, 2018 by Steve Baker 0 Comments
If you are reading this and haven't already "opened the books" to share company financials with your employees, my guess is it's because you are scared.   Financial transparency in business is a concept so new, so counter to the way business has always been done, no wonder it scares people.  Just the thought of opening the books is followed by a whole list of what-ifs.
Read More

Building a Business of Businesspeople at Netflix

May 3, 2018 by Rich Armstrong 0 Comments
Few companies exploded onto the scene the way Netflix did in the late 1990s.  Perhaps more impressively, the company beat back an 800‐pound gorilla called Blockbuster Video on its way to radically changing how many of us now consume TV shows and movies. What makes Netflix’s success interesting is how it managed to embrace several massive changes in its business model as it outmaneuvered its much larger rival. The first of those big shifts was when co‐founder Reed Hastings decided that Netflix would begin offering monthly subscription plans to its customers where they could rent as many movies as they liked for a flat fee. Even more radical was the notion that it would also eliminate late fees—which made up a large percentage of Blockbuster’s revenues.
Read More

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.