Open-Book Management: Creating an Ownership Culture
Description Take the padlocks off your financial data. That's the key tenet of open-book management, an innovative management strategy that advocates sharing financial information with employees to help teach them how to think like entrepreneurs. Sounds good, but what's it like to actually function as an open-book company? Find out in this study, which details how and why seven companies--ComSonics, GE Fanuc, Mid-States Technical Staffing Services, North American Signs, Physician Sales & Service, Plow & Hearth, and Springfield ReManufacturing--decided to adopt open-book management and the obstacles they encountered along the way. The executives interviewed also share successful techniques and approaches.
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