The basis of open-book management (OBM) is that the information received by employees should not only help them do their jobs effectively, but most importantly help them understand how the company is doing as a whole. According to Case, who pioneered OBM, "a company performs best when its people see themselves as partners in the business rather than as hired hands". The technique is to give employees all relevant financial information about the company so they can make better decisions as workers. This information includes, but is not limited to, revenue, profit, cost of goods, cash flow and expenses. Where OBM is practiced, employees have the mindset of partners/co-owners and are heavily invested in the success of the company. OBM unleashes the entrepreneur in every employee and spurs them—and their organizations—to better performance. The Open-Book Operating System proven to create Rapid Financial Results and Lasting Cultural Change.
According to the Jim Collins, the author of Good to Great, “The whole concept of The Great Game of Business is beautiful –consistency, alignment, and transparency, infused with core values and brought to life with powerful mechanisms. It is inspired and inspiring.” Leveraging OBM concepts, we help you close the biggest gap that normally exist in business - the gap between managers and employees. We believe that in democratizing the work place within set boundaries because leadership will be in a position to make effective and optimal decisions when everybody in the company has been given the opportunity to contribute in how the company is run as well as a stake in the financial outcome. This in our opinion is the best, most efficient, most profitable way to operate a business and create a “business of business people” who think, act and feel like owners.
The game plan is to empower the company’s highly-engaged workforce by providing the information they needed to do their jobs as well as the education they needed to make the most of that information. Embrace Open-Book Management today to Fuel Employee Engagement and Corporate Sustainability. We promise you a fun ride and we are most happy to be there with you every step of the way. Your success is our success. Contact us today to find the open-book management implementation path that is right for your company. Please complete the form, by clicking here, to schedule a call with one of our expert consultants.