I’ve long been a student of business. It fascinates me to know what makes one company thrive while another struggles.
Of course, there are lots of factors that contribute: vision, cash flow, employee engagement, market events, strength of your competitors, etc.
To effectively manage as many of these factors as possible, managers need a system that gives them the greatest chance of success with as many of these factors as possible. For my money, that system is Open Book Management.
I first learned of Open Book Management by reading a book called The Great Game of Business by author Jack Stack of the Springfield Remanufacturing Corp in Springfield, MO. An unlikely source of management wisdom, perhaps, but don’t be fooled – this is the good stuff!
Jack had inherited a failing business, and had developed his own internal Open Book Management system to turn the company around and eventually build an empire. One of the companies in his stable (he has north of 30 now) is dedicated to teaching this model – called The Great Game of Business – to as many companies as will listen.
Fairly recently, I decided to take the members of our management team to see Jack in Springfield to learn their system. We were incredibly impressed, and the results for Everon have been nothing short of fantastic. We have better metrics, more engaged employees, and a stronger financial position. And most importantly, I believe that our team really feels in control of the results of the business; they know that putting in effort will create results.
I’d highly encourage all business owners and managers to invest in the training at the Great Game of Business. Start by buying their book – I’m sure you’ll learn something from it and be motivated to continue the journey of Open Book Management at your company.
Michael Cooch
CEO
Everon Technology Services, LLC
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