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Are You Too Afraid to Open the Books?

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. What are your real concerns about open-book management? 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. The thing is - it's not actually that scary when you break it down. Here are our answers when people hit us with the what-ifs:
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Why Has Profit Become a Bad Word (And What Can We do About It)?

Oct 4, 2019 by Darren Dahl 0 Comments
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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To Teach the Numbers, Show the Human Story Behind Them

Oct 1, 2019 by Tom Strong 0 Comments
At the Great Game of Business®, one of the most common questions we coaches get tends to go along these lines: “I’d love to open the books and share the numbers with my people, but I’m just not confident they have the education or training to understand them. How can I teach them the financials effectively?” In starting on the path of open-book management, many business and organizational leaders worry about this. Most employees at most companies have not had formal business education, and many may lack much formal education at all. So, it’s not unreasonable to wonder whether most employees will ever be able to understand your finances and business model. When my clients ask a question like this, I like to ask them in return: “Do any of your employees like baseball?”
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4 Easy Strategies to Communicate Financials so Employees Can Understand

Sep 10, 2019 by The Great Game Team 1 Comment
When it comes to employees 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:
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The Victory Mission Turning Business Around in a Non-Profit

Feb 22, 2019 by Rhonda Chapman 0 Comments
Charities are not like organizations in the private sector because they can’t just sell more widgets or raise their prices to improve the “bottom” line. The reality is that they have inflows and outflows just like any other business and do have a “bottom line", it just can’t be called the “p-word” (profit!).
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What Does Cash Flow Mean to Employees?

Feb 12, 2019 by Dave Scholten 1 Comment
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.
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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 combined with open-book management, and his four guidelines for enhancing engagement in your team's Huddles.
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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.
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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. 
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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:
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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.
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7 Stories Hiding in Your Financial Statements

When I’m asked to explain the best way to talk with employees about company financials, I am reminded of an old axiom from Jack Stack, “Numbers are just stories about people.” And it’s true. All numbers on your financial statements have a story behind them – a story that explains how it came to be.  When you communicate numbers and the stories behind them in accordance with open-book management, they take on a whole new meaning. Employees will begin to understand the “why” of what they do and how they can make a difference. Here are 7 things to help you “get to the stories behind the numbers”.
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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.