The Great Game of Business
Posted by admin | Posted in Business | Posted on 11-03-2010
Tags: Business, Game, Great
5
Product Description
A successful businessman shares a philosophy of management that revived his dying company through an open-book method that put the concerns of the employees first and created a company that will provide people with lifelong livelihood. 50,000 first printing…. More >>
Stack was chosen to lead a former International Harvester plant that was nearly bankrupt. Instead of massive layoffs he focused on rapidly increasing sales and obtaining employee involvement through opening the books.
Sounds too good to be true. Large unions have had open books for years – yet, G.M., Ford, etc. have not benefited to any great extent. The REAL problem in business today is “meeting the China price.” To my knowledge China is only just now looking into diesel engine remanufacturing (Springfield Remanufacturing’s business). We’ll soon see how effective open books are in combating competition paying only 5-10% of American wages. If they fail, open books will have proven to be a fatal distraction. On the other hand, “open books” doesn’t hurt, is somewhat helpful, and may be wonderful for firms not facing intense price competition.
(Several Internet searches on Springfield Remanufacturing were unsuccessful in obtaining latest financial performance data – I’m not even certain it still exists.)
Rating: 2 / 5
Glowing here in Chicago after six months of work on the Obama campaign I believe that the lynchpin to Obama’s success is reflected in Jack Stack and Bo Burlington’s approach. Obama’s approach to Obama Team was to ensure that each of us understood how our work supported the larger whole.
In talking with each other, each of us felt well-used because we knew that we played a specific, valuable part in the campaign – and knew what our main goal was towards the larger, main goal. Stack’s goal was the same, “Knowledge of how your business operates will allow them to make the right decisions in the best financial interest of their organization.”
In an increasingly, transient, information-glutted and time-starved country, people are hungry for connection to a larger goal and to be valued for their high-performing work towards that goal. That’s why Marcus Buckingham and Jack Stack’s approach and books will be perennial best-sellers. They are practical and have wide-spread application.
Rating: 5 / 5
From the moment we come in to this world we all ask why? The Great Game of Business is about the importance of providing answers to that question, and making meaningful connections between our actions and the their consequences in the work place.
People must have confidence in, and be willing to invest in themselves. They must know how they fit in to the company, where the money comes from, where it goes, and what drives the business. Jack reccomends playing The Great Game by providing people with the knowledge and information necessary to make intellegent decisions, build confidence, and develop a sense of purpose for what they do. Open book management is a key ingredient to furthering this goal.
Rating: 5 / 5
How can people play the game if they don’t know the rules or how to keep score? Open book management means you teach people how business works, you share financials and you reward them for improving the profits of the company. Good solid “how to” information if you want to set up a profit sharing plan and get people really involved in the success of the company.
Rating: 5 / 5
I read this book since i wanted to understand the business world. This book was very insightful about open book leadership and motivating employees with numbers and equity in the company. I saw some comments from others stating the chaina product price will beat all these principles. I think this guy got partial truth in his statement. A good business will do business using resources from chaina and focus on the advantages they have locally (Marketing and Selling). Principles are principles anywere. Awesome way to start the game.
Rating: 4 / 5