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Using Unprecedented Uncertainty to Reinvent Ourselves

It’s been interesting to hear about how people are spending their time at home in isolation amidst the pandemic. Some folks I’ve talked to have spent the time looking through old picture albums and letters to reminisce about the past. Parents have had to learn how to juggle their roles as caretakers with the new added job of schoolteacher. Others have taken up new hobbies like baking bread (if they can find enough yeast). Then there are those who have used their time indoors to tackle home improvement projects of all kinds. I came home from work one day, for instance, and my wife asked me if I noticed anything different. I looked around and admitted that I didn’t see any changes. Had she bought a new kitchen appliance or something? Wrong answer. Turns out she had spent the whole day cleaning out all our closets and drawers. Whoops. I was suddenly facing a radical version of social distancing inside my own house.
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Flattening the Economic Curve

The last six weeks feels like six years. It’s incredible how much has changed so fast. There have been so many new federal and state programs rapidly pushed through, all with the intent of helping our people and companies through this crisis. The speed of the legislation has been great to see—but it’s also caused confusion in the details for implementation and administration of the various programs and benefits. It's forcing us, as a company, to do everything we possibly can to find ways to keep our people safe while our factories remain open. We’re the type of company that likes to get out in front of a situation rather than react to it. That means we’ve needed information; lots of it. So, when the crisis hit, we started making calls—hundreds of them—to our local contacts at places like the Occupational Safety and Health Administration to get answers to our questions about creating a safe environment for our people. But we didn’t stop there. Even though our factories remain open for the moment, we continue to take a big hit.
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5 Tips to Keep Selling During a Crisis

Apr 21, 2020 by John Williams 3 Comments
A large number of company’s revenues have been affected negatively by COVID-19. Even worse, some have had their revenue shut off completely. One might ask, “Why should I worry about sales? Especially when my company is struggling and my potential customers are distracted by their own struggles?” If you've asked yourself this question, realize you're only thinking about the current situation and not the future. You're not considering all your options or the “What if’s?”
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When the Virus Hits Close to Home - A Tribute

Apr 13, 2020 by Jack Stack 2 Comments
Even on days when there might be a glimmer of hope in turning the corner on this pandemic gripping our country—when it seems like we might actually be flattening the curve—bad news can hit in an instant. We learned on April 8, we lost one of our own. Warren Burros, a longtime Springfield Remanufacturing Company associate passed away after battling Covid-19. Warren was part of the SRC team right from our start in 1983 and was with us until the day he retired in 2006 at the age of 65.
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There Are ALWAYS Positives - Even During a Pandemic

Apr 10, 2020 by Jack Stack 2 Comments
There’s an unspoken rule of thumb in the news business that says, “If it bleeds; it leads.” Bad news, it seems, helps move newspapers, sell ads on TV, and generate clicks or “likes” on social media. I can remember a different time when professional journalists and broadcasters prided themselves on taking a more balanced approach to report the news. They were careful to never be too positive—or too negative. Things are very different today. Maybe social media has brought about this change. Now it seems that everyone’s first instinct is to look for the negative angle on an issue—especially when it relates to business.
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The Four P's to Remember During Crisis

As it did most companies out there, the 2009 recession hit Springfield ReManufacturing Corporation like a ton of bricks. But, as I’ve discussed a few times, there were a number of key decisions that helped us pull through to the other side. Now that 2009 is more than 10 years behind us, it’s clear those decisions didn’t just help us survive – they're what helped us thrive. We needed something to help us focus on surviving the recession and all the heartache that comes with a downturn.
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During a Crisis – No Idea is Off the Table.

Dealing with this pandemic is exhausting. Whether your business is shut down, or booming, the uncertainty about whether you and your people might be safe is something that doesn’t stop. In our case at Springfield ReManufacturing Corp., we’ve been labeled an “essential” business. We make parts for key industries like defense, health care, and agriculture. And like Steve Choate, my longtime friend, and colleague, likes to say, “Farmers are gonna farm.” If we’re going to keep our factories open we need to do everything under God to keep them safe. It’s got me up at night, and up early in the morning, trying to think through every scenario I can dream of.
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There's No Shame in Trying To Save Your Business

Mar 30, 2020 by Jack Stack 0 Comments
A few days ago, I received a frantic call from a small business owner. This entrepreneur, who I’ll call Molly to protect the innocent, runs two retail shops. Like many similar brick-and-mortar businesses around the country, she had seen a dramatic drop in her sales over the past few weeks. Now, things were about to get worse; a lot worse. The state was mandating all retail shops like hers—along with restaurants, cafes, and other “non-essential” businesses—shut down to avoid spreading the coronavirus. Molly was beyond scared. Of course, she wanted to do the right thing and keep her people and her customers safe. But, by doing that, she wasn’t sure how she would pay her credit card, her rent, her banker, and her vendors. Worse, she wasn’t sure what would happen to her dozen or so employees—some of whom had worked with her for years.
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10 Key Steps for your Business to Survive a Crisis

Jack Stack, CEO of SRC Holdings, is an early riser. It comes from a lifetime of working in factories. But these days, in the middle of the coronavirus crisis, Stack is getting even less sleep than normal. “My day starts at 4:30 a.m.,” he says. Stack, like most business leaders these days, is trying everything he can think of to help keep the people who work at all divisions of Springfield Remanufacturing Company (SRC) safe and its factories running. It includes coming up with contingency plans to retain SRC’s employee-owners even if the factories are forced to shut down. Survival, to say the least, is a stressful job.
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Taking the Fear Out of the Workplace

Mar 17, 2020 by Jack Stack 3 Comments
Listen to an episode covering this topic on the Change The Game Podcast: Fear. Uncertainty. A growing sense of panic every time the president delivers a national address filled with increasingly bad news. Even with interest rates at essentially zero percent, the stock market (and 401(k) balances) continues to tumble. Chatter around the workplace is filled with questions like: Should I get married? Can I afford to pay my rent? Will I get sick? Will I have a job tomorrow? Sound familiar?
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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.