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 principles 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.
The Great Game of Business started a business revolution by introducing the world to open-book management, a new way of running a business that created unprecedented profit and employee engagement.
The revised and updated edition of The Great Game of Business lays out an entirely different way of running a company. It wasn't dreamed up in an executive think tank or an Ivy League business school or around the conference table by big-time consultants. It was forged on the factory floors of the heartland by ordinary folks hoping to figure out how to save their jobs.
What Stack and his people created was a revolutionary approach to management that has proven itself in every industry around the world for the past 30 years - an approach that is perhaps the last, best hope for reviving the American Dream.
©1992, 2013 The Great Game of Business, Inc. (P)2015 The Great Game of Business, Inc.
"An update on a clap"
Building a profitable business with a great company culture is incredibly hard...Jack Stack provides a blueprint in this book. He's not an academic and this isn't theoretical - it's based on more than 30 years of real world experience.
I can't believe that I had overlooked this book for so long. It was a god quick read but filled with practical advice for building a culture of ownership in a business. I found a lot of similarities between the system that Stack built at SRC and the Toyota Production System philosophy. He lays out a simple way to determine KPI's at all levels of a business then clearly visualize them and align the organization to go after them. There were very few examples of how the problems were solved, but it is still worth reading just to understand their method of visualizing them. I would recommend this book to anyone looking to understand how to build intrinsic motivation and autonomy in their workforce.
great book easy to listen to great story great ideas look forward to learning more about the company and they're in their game
"great read for business owners"
This book goes into all the reasons why it's good to get your people involved in the business and planning process. buy in is critical
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