There is a common belief that Employee-Ownership is all about owning stock. We hear it over and over again - "I gave my employees ownership, but they just don't seem to care." Equity-sharing certainly plays a critical role, but you don't get an ownership culture simply by giving stock to employees. This thought process can lead to disappointment and misunderstanding.
For associates to think and act like owners or understand the value of an ESOP, they first have to understand how the business works and how an ESOP can help them create wealth for themselves.
The Great Game of Business is the perfect match for ESOP companies because we believe in sharing wealth with those who help create it—something employee-owned companies already do. We believe sharing in the company's rewards CAN motivate employees, but only once associates are EDUCATED on how an ESOP works and why owning stock in the company is a terrific way to build wealth for themselves – something our business coaches can help teach. Once they understand this, they'll be more interested in helping the business grow.
Keys to Individualized Learning
Creating "line of sight", or the clear, unobstructed, view of the goal (or Critical Number) is a key component of the Great Game of Business. But teaching it and getting all team members to understand it is no easy task.
Then there's challenge of developing line-item ownership.
Together, they pack a powerful one-two punch in driving the Critical Number.
Join coaches Nate and Mike as they discuss the trials and tribulations of getting everyone in the company to understand how they affect the Critical Number. Included will be real life lessons from their practice and coaching experiences to give you the tools and motivation you need to engage line of sight and line-item ownership for maximum impact.
Perfect for those new to the Great Game or those trying to self implement.
Taking Your Game to the Next Level
When your numbers aren’t exceeding or even hitting the Plan, how do you keep the team motivated? How do you keep morale up? How can you use the Great Game of Business to turn it around?
Attend this session to learn how to use the GGOB principles and practices when it really matters – in tough times. Learn how to get through those tough times from three practitioners who have faced serious downturns - and survived to tell the story.
“I was excited because we were now all owners and in this together. I thought that would flip the switch and get everyone engaged. But that didn’t happen. You can have t-shirts and mugs and all the employee-owned swag you can think of, but it doesn’t mean anything if people don’t have an underlying understanding of what employee ownership really means. Thanks to rolling out financial literacy training, assigning line-item ownership on the P&L, and building line of sight with associates, everyone now has a much better understanding of being an owner."
Accountability is the cornerstone of any high-performing organization. Our conference equips you with the tools, strategies, and frameworks to instill a sense of ownership and responsibility throughout your workforce. By harnessing the power of the open-book management system, you create a culture where everyone is accountable for their actions and outcomes.
The Great Game of Business empowers team members to think and act like business owners. By sharing financials, setting measurable goals, and fostering a culture of open communication, you cultivate a workforce that is motivated, invested, and eager to contribute to your company's success.
Employee ownership thrives when combined with a comprehensive business education. At The Great Game of Business Conference, you gain invaluable insights from industry experts, renowned thought leaders, and successful practitioners. Learn practical techniques to improve financial literacy, drive profitability, and ensure long-term sustainability for your employee-owned company.
Collaboration flourishes when individuals feel valued and have a vested interest in the company's success. By incorporating The Great Game of Business principles, you unlock the untapped potential of your workforce, fostering a culture that embraces innovation, problem-solving, and continuous improvement.
5 Rules For Building a True Ownership Culture
This white paper covers the 5 musts for creating an ownership culture, why employees have to understand equity before they're motivated by it, and the steps for communicating your ESOP to employees.
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ESOP Training Bites
These handouts cover what an ESOP is, why a company would choose to use one, and how they work. These handouts are a great way to educate employees on the basics of their ESOP.
The Great Game of Business Audiobook
Get the audio files from our original book, The Great Game of Business! Learn the benefits of teaching your employees how to make money, the myths of management, how to create a culture of winning, and more!
