Before you became a CEO when was the last time your company informed you about their financial status and company goals? If you have, then great.
However, those who didn’t know because it wasn’t their job to know.
According to Ryan Ayers from Gethppy, one factor that determines an employee’s happiness is an inclusive, transparent, and communicative environment. Even so, most companies are still hesitant to practice financial transparency. They ignore the fact that most people want access to information to perform well at work.
As a CEO, how will you run your business?
ABOUT THE BOOK
It’s a common business culture in the industry that “higher-ups” keep confidential information such as financial matters and company status. However, when things go haywire, suddenly people lose their jobs due to a financial excuse that they didn’t even know was happening. This dilemma has been going on since the 1400s but the outcome is yet the same. In which billions of lives are affected every day. Jack wanted to break the old ways of business culture and provide a whole different way of running a business. This strategy can benefit all business types from small, public, private, manufacturing, services companies, and more.
It is a very detailed guidebook with numerous other tools and resources, examples, tips, checklists, templates, and step-by-step walk-throughs of the GGOB components and processes. Ensure results in 6x increase is profit growth, 2x in revenue growth, and 3x the national average in employee management. Stack used “Open-book management” which is an operating system where the company shares business and financial information with employees so that everyone is informed about the business status and goals. The Great Game of Business teaches employees practical and straightforward lessons using the analogy of a game. A business has the elements of a game such as a scorecard, a prize, and the risk of losing. Perceiving employees as players will bring out their A-game. “When employees think, act and feel like owners… everybody wins.” Stack used philosophies and components to demystify the fog of secrets and help everyone learn and win the game. By equipping employees with the general business and financial knowledge they need to participate in company meetings. Aside from job skills, the book also teaches workers life skills they can apply in many ways.
ABOUT THE AUTHOR
The Great Game of Business: The Only Sensible Way To Run A Company by Jack Stack and Bo Burlingham was published in 1992 then revised and updated in 2013. Jack Stack and his colleagues bought over the Springfield Remanufacturing Corporation (SRC), a division on the brink of bankruptcy, and was about to be closed down by International Harvester in 1983. At this time, Stack never had the experience nor adequate knowledge about finance. As soon as he learned, he knew he didn’t want this knowledge to stay within the owners and accountants but to every employee.
BASED ON TRUE EVENTS
John Younger is a Chief Collaborator at RecruiterShare.net and the Chairman of HireMojo, hiring and recruiting automation software for companies to connect with qualified candidates. He was also the former Vice President of Human Resources for Bank of America from 1984 to 1994, where he led technical recruitment for an organization of 16,000 people. John has a passion for addressing social problems and wants to improve organizational performance, values solving multi-generational issues, and a core belief that everyone deserves courtesy and respect. He is known for his companies to be part of the Inc 500 Fastest Growing Companies list. His current focus with RecruiterShare.net combines the sharing economy with the recruiting industry, making getting a top-rated recruiter to fill each job as easy and fast as getting a ride with a ridesharing company.
In the United States today, there are over 6 million open jobs. Roughly one-third of them are only available for three months or longer. Younger’s business model is where companies consult HireMojo to determine the number of supported jobs and how many recruiters they want to use. They can eliminate the retained executive search and highlight the applicant tracking system. With his company HireMojo, they can fill up the openings swiftly with ease. John addressed the profound social issue that positively changed numerous lives by filling the job openings while benefiting the companies.
Younger and Stack share a common characteristic, they both value their employees. Before Jack bought the SRC, the previous owners sold off a non-profitable renews center to the International Harvester Corporation; people were losing their jobs. Stack found a way to save the center with 119 jobs and his own. In the US alone, there are millions of unfilled job openings. John was able to solve the social issue of job openings not being filled due to a lack of resources for both companies and applicants. It’s clear to see that not only did John apply The Great Game of Business principles, additionally, the author too.
The Great Game of Business is great for both startup founders and CEOs who have already set off in their journey. The best thing about this book is that it can apply to different types of businesses. Although, it is still advantageous among small companies compared to well-off ones since they won’t have complications in shifting their management. It’s perfect for leaders who want to take a new revolutionary approach to business management. If your goal is to engage employees and make an unprecedented profit, then this book is for you!
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