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In the early 1980s, Springfield Remanufacturing Corporation (SRC) in Springfield, Missouri, was a near bankrupt division of International Harvester. That's when a green young manager, Jack Stack, took over and turned it around. He didn't know how to "manage" a company, but he did know about the principal, of athletic competition and democracy: keeping score, having fun, playing fair, providing choice, and having a voice. With these principals he created his own style of management -- open-book management. The key is to let everyone in on financial decisions. At SRC, everyone learns how to read a P&L -- even those without a high school education know how much the toilet paper they use cuts into profits. SRC people have a piece of the action and a vote in company matters. Imagine having a vote on your bonus and on what businesses the company should be in. SRC restored the dignity of economic freedom to its people. Stack's "open-book management" is the key -- a system which, as he describes it here, is literally a game, and one so simple anyone can use it. As part of the Currency paperback line, the book includes a "User's Guide" -- an introduction and discussion guide created for the paperback by the author -- to help readers make practical use of the book's ideas. Jack Stack is the president and CEO of the Springfield Remanufacturing Corporation, in Springfield, Missouri. The recipient of the 1993 Business Enterprise Trust Award, Jack speaks throughout the country on The Great Game Of Business and Open Book Management.
- Sales Rank: #59112 in eBooks
- Published on: 2013-07-16
- Released on: 2013-07-16
- Format: Kindle eBook
Most helpful customer reviews
1 of 1 people found the following review helpful.
Top 10 Business Book
By LUCK
Want to build the kind of business that is always growing and expanding? Want your team to love working there? Want to look forward to coming in to work every day? Want every person in the business to be a constant source of insights and innovations?
What Jack Stack suggests in the Great Game of Business isn't easy. And it's not conventional wisdom. But it does work. Regardless of what kind of business that you're in. I've seen it make a difference for a division of a business and for a business as a whole.
Highly recommended.
2 of 2 people found the following review helpful.
Must read for business leaders
By Carsub
Highly recommend to read and retain as a business reference guide. Applicable for current leaders and aspiring leaders. Simple insights into driving results through engagement and transparency for bold leaders! You'll gain insights into incentivizing employees, business, planning, employee development, and forecasting that works!
1 of 1 people found the following review helpful.
Simple brilliance
By Dov Gordon
This book showed up at the perfect time. It has opened my eyes to the most sensible way to run a growing company I've come across. Thank you Jack.
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