The Great Game of Business Blog

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Decentralizing Business to Accelerate Company Growth and Stability

Jul 7, 2021 by Esther Tang 0 Comments
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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Winning Strategies for Financial Literacy Training

Jul 7, 2021 by Doug Myers 0 Comments
Most everyone, when asked what their most important asset is, will respond “our people”.  If that is true, how much are we investing in our people to help them understand basic financial concepts?  Training for employees in the area of financial literacy can be a challenging task.  Here are some ideas that will help get the training started. The outcome will be better-engaged employees.
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Financially Literate Employees Means Stronger Financial Plans

Jul 6, 2021 by Robert Washatka 0 Comments
Financial planning is vital to every organization’s success. It’s the roadmap to where your business is going, and without it, well, it is extremely difficult to organize a successful short- and long-term plan, (let alone define what it means to be “successful” in the first place). What is surprising to me is, that despite how vital a Financial Plan is to the success of a company, some organizations refuse to properly share theirs with employees.
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4 Easy Strategies to Communicate Financials so Employees Can Understand

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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Free Markets. Free People.

The transformative power of business is not exclusive to America; it’s universal. I saw this firsthand when I was honored to serve as the American judge on a panel charged with choosing an Entrepreneur of the World, an award sponsored by a major consulting company. While I had judged similar Entrepreneur of the Year awards back in the United States, this time I was invited to fly to Monte Carlo for the globally focused event.
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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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Facts Matter More Now Than Ever

Jan 12, 2021 by Jack Stack 0 Comments
      We live in a strange time. It’s not always clear what’s true or what’s a figment of someone’s imagination—like a made-up story that people think is true that then spreads like wildfire on social media. When people can’t agree on facts anymore, it creates all kinds of problems.  
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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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11 Financial Terms to Teach Employees

Nov 17, 2020 by The Great Game Team 1 Comment
If your company practices any level of transparency, you know it’s often difficult to help your employees understand all of the financial jargon they will hear on a daily basis. What better time than now to teach your employees basic business financial terms and help them understand what they mean? Use the terms and definitions below to complete this classic training bite to help your team learn 11 basic financial terms in 15-minutes or less. 
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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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If You Work At Netflix, You’re Going To Get Wet

Sep 22, 2020 by Darren Dahl 2 Comments
Why the online streaming company doesn’t believe in keeping secrets from its employees. In his new bestselling book, No Rules Rules, Reed Hastings digs into some of the cultural aspects that make the company he co-founded, Netflix, so successful. In the book, which is framed as a kind of conversation with Erin Meyer, a professor at the INSEAD business school, Hastings writes that one of the cultural values he instilled in Netflix from its very beginning was that there weren’t going to be any secrets. As he puts it, embracing transparency and letting go of secrets—what Netflix calls “sunshining”—brings incredible advantages in terms of building trust and empowering employees to think like owners. What’s interesting is that Hastings acknowledges it’s easy for leaders to say they are pro-transparency. No one goes around saying they want to promote organizational secrecy, right? But why then, he asks, do so many organizations not walk the walk when it comes to sharing things like the company’s financials with their employees?
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What Does It Mean to Lead Like a Human?

Aug 26, 2020 by Adam Weber 5 Comments
Manager or Monster? Across Emplify’s entire data set, the most common challenges we see are companies promoting top-performing employees into management and then leaving them to their own devices. Unfortunately, when they become managers, they lack support from the business to transform them into truly inspiring leaders. Instead, they fall back on antiquated management styles that sow disengagement among the people they manage. These old styles of management are directly opposed to what I believe it means to lead, and were the driving force behind me writing my new book, Lead Like a Human.
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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.