There is a wealth of resources available on open book management. Srcs jack stack and journalist bo burlingham detailed the companys ups and downs as it developed the. A primer on open book management greenleaf center for servant. 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.
He has authored several books and the first one is titled the great game of business. Jack stack s book formed the key foundation for our program, and we borrowed many of his features. Magazine and one of the top 10 minds in small business by fortune magazine. About openbook management the great game of business. Provide a stake in the outcome companies need great ideas and active support from all employees to succeed, said steve baker, vice. Business trends and insights from american express delivers insights and inspiration to help you run, grow and expand your business. The basis of openbook management is that the information received by employees should not only help. The great game of business 20th anniversary edition. A pioneer of the leadership model known as open book management, stack is the author of two books on the subject, the great game of business and stake in the outcome. Open book management obm is a management phrase coined by john case of inc.
Jack has been called the smartest strategist in america by inc. Making money is killing your business audiobook by chuck. Unlocking the power and profitability of open book management, by jack stack and bo burlingham and information available through nceo. The concepts most visible success has been achieved by jack stack and his. The best book on the topic is the great game of business by jack stack and bo burlingham. Jack stacks approach is something any business can execute. I suggest this as a first read for everyone interested in learning the basics. Jack fiorella, the eldest son, worked with his father until 1974 when he decided to branch off and start fiorellas jack stack of martin city. From experience of the author take over a collapse company, to a big company with 20 subsidiaries. Through this book jack outlines his openbook management framework. 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. In the early 1980s, springfield remanufacturing corporation src in springfield, missouri, was a near bankrupt division of international harvester. Thats when a green young manager, jack stack, took over and turned it around.
Learn how jack stack and his fellow employees transformed a failing division. The annual gathering of games, presented by the great game of business, is the only conference where the open book management community comes together from around the world to learn, share, and celebrate the principles and practices of the great game of business and open book management. Openbook management archives milwaukee community journal. Jack stack covers the foundation of openbook management in his interview with jim canfield. The worlds largest conference on openbook management. The great game of business, expanded and updated by jack. Open book management is the practice of communicating with people via the numbers. Jack, i never had a problem with the concept of open book management, he said. What lies at the heart of the game is a very simple proposition. The great game of business, expanded and updated seattle. After reading the great game of business, a book by management expert jack stack, jordan felt inspired by stack s urge to apply open book management, the.
Openbook isnt just about opening your financials to your company, its about responsibility, ownership, results and growth, all of these things can come together to drive the needle forward in your organization. Some believe open book management obm to be one of the most significant trends in. At the very least, jack stack could have easily established subsidiaries of springfield remanufacturing around the world, bringing open book management to his own shops everywhere. Order jack stack carryout fiorellas jack stack barbecue. Jack stack, author of the great game of business and a stake in the outcome, is a leader in the practice of obm. Jack stack s style of running src holdings, an openbook management company, spurred so much interest in 1984 when inc. Why employee ownership is good for business, john case, corey rosen and martin staubus. Which of the following is not one of the three core activities in the open book management system pioneered by jack stack. The firm had always used openbook management, but it was not until elizabeth met jack stack. Openbook management obm is a management phrase coined by john case of inc. He didnt know how to manage a company, but he did know about the prin.
To assess what these changes might mean, i recently spoke with jack stack, a leading figure in both the open book management and employeeownership movements. Read even the first chapter of this extraordinary book and you. We did read some other books on open book management, but the core of our program comes from his book. Open book management is the business revolution thats the logical culmination of tqm, reengineering, teams, and most other management innovations of the past two decades. Armstrong has nearly 30 years of experience in improving business performance and employee engagement through the practice of open book management and employee ownership. This case outlines the origins of open book finance, its core elements, and its implementation at zingermans community of businesses in ann arbor, michigan. Going public with open book management by jack stack. This is what makes our approach to business revolutionary. Openbook management the great game of business blog. How we run open book at stickergiant first, we start with the 3 rules of great finance. A pioneer of the leadership model known as open book management, stack is the author of two books on the subject, the great game of business and a stake in the.
Openbook management at its most effective far outperforms a definition as simple as sharing financial information with employees. We embrace open book management as pioneered by our founder and ceo jack stack. Openbook management is a management approach whereby employees are provided with company financial information to enable them to make better business decisions. The great game of business jack stacks style of running src holdings, an openbook management company, spurred so much interest in 1984 when inc. The concepts most visible success has been achieved by jack stack and his team at src holdings the basis of open book management is that the information received by employees should not only help them do their jobs effectively, but help them. Meeting jack stack was one of those light bulb moments in my. A primer on open book management greenleaf center for. Openbook managements lessons for detroit the new york. This entire blog is an effort to understand what open book management is and how to do it. The 28th annual gathering of games speakers online.
Instead, he has tried to maximize his influence in a specific local sphere, a place where he can still make time for his family, for bass fishing, and for casual. Jack stack is president and ceo of the springfield remanufacturing corporation src, located in springfield, missouri. The only way to survive, stack decided, was to make sure everyone in the whole plant, all 119 employees, knew exactly how iffy. The core of our open book project comes from jack stack and the great game of business and our own 12 laws of business.
Jack and a team of local executives bought the company from the parent owner, international harvester, a few years before ih company finally went bankrupt. Springfield remanufacturing bought the company and learned to play the game of open. Openbook management read the latest stories, news and blogs on openbook management from. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Journalist john case coined the term open book management and wrote this book about it. The phrase openbook management was coined by the writer john case in a 1989 story for inc.
Jack stack business visionaries speakerspeakers bureau. Information about customer expectations and feedback is distributed monthly. But i have always struggled with a few components of how you implement it. Through this book jack outlines his open book management framework which he calls the game while at src. Open book management at its most effective far outperforms a definition as simple as sharing financial information with employees. The great game of business is teaching employees to think and act like owners, using open book management techniques developed by jack stack.
Springfield remanufacturing bought the company and learned. Jack stack barbecue originated in kansas city in 1957, by russ fiorella in a traditional storefront barbecue, with a modest selection of 5 or 6 items. Openbook management is the business revolution thats the logical culmination of tqm, reengineering, teams, and most other management innovations of the past two decades. At the very least, jack stack could have easily established subsidiaries of springfield remanufacturing around the world, bringing openbook management to his own shops everywhere. The great game of business and a stake in the outcome, jack stack with bo. The roots of openbook management with jack stack and jim.
As long as i had those reservations, it was always easier to find an excuse and just push it to the back burner. Open book isnt just about opening your financials to your company, its about responsibility, ownership, results and growth, all of these things can come together to drive the needle forward in your organization. Case describes the transformation in his book, open book management. Jack is ceo of src springfield remanufacturing company in springfield, missouri. The best, most efficient, most profitable way to operate a business is to give everybody in the company a voice in saying how the company is run and a. Instead, he has tried to maximize his influence in a specific local sphere, a place where he can still make time for his family, for bass fishing, and for casual conversations at the local bar and golf course. His expertise in using the open book model has helped src holdings corporation start, acquire, and own over 60 small and medium size businesses and created thousands of jobs since. Jack stack, the godfather of open book management, has a saying. Besides jack stack s book, what other tools people, advice, articles, etc. Jack stack is founder, president and ceo of src holdings corporation.
Unm newsroom news jack stack to lecture on open book management. The tale of its great game of business open book system has been told often in the pressand in the speeches and the popular book by chief executive jack stack. He also introduces the term open book management, or open book finance, which offers a framework in which to implement the practice. About the great game of business, expanded and updated. The revised and updated edition of the great game of business lays out an entirely different way of running a company. But ill start today with you might say is my why why i became fascinated with open book management in the first place. Jack stack barbecue martin city restaurant kansas city. Why open book management creates better businesses and. Jack stack is the president and ceo of the springfield remanufacturing corporation, in springfield, missouri. But the most visible advocate for the conceptsometimes known as the godfather of openbookis a man named jack stack.
The great game of business and a stake in the outcome, jack stack with bo burlingham. Openbook management is underlined by the theory that workers are more motivated and productive when they are treated as business partners who traditionally have access to. Open book management obm is an innovative management practice for engaging employees. Open book management might sound scary customer stories. Openbook management at anthony wilder designbuild, an awardwinning. The recipient of the 1993 business enterprise trust award, jack speaks throughout the country on the great game of business and open book management. Open book management is based on the idea of reporting important key performance indicators kpis. How team 1 plastics got its team in the same boat team 1. The concepts most visible success has been achieved by jack stack and his team at src holdings. As part of the currency paperback line, the book includes a users guide an introduction and discussion guide created for the paperback by the author to help readers make practical use of the. As companies all over the country are discovering, it gets everyone on the payroll focused on business success. Is good for business, john case, corey rosen and martin staubus. The 20th anniversary edition of the great game of business includes a new introduction and commentary by the author and a get in the game howto guide to help readers begin implementing the ideas detailed in the book. The original book, published in 1992, became the primer for open book management.
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