Description:
Open-book management is not so much a technique as a way of thinking, a process that actively involves employees in the financial life of the company. Numerous companies have already found that employees who are informed and aware of the company's financial situation are motivated to seek solutions to problems and assume a greater degree of responsibility for its performance. John Case begins by examining the current competitive climate and the history of established management techniques. He shows how the traditional treatment of workers as "hired hands" with little involvement or responsibility beyond their own area is no longer effective in today's ever more competitive global environment.
Case clearly and carefully explains the principles of open-book management: timely sharing of crucial financial information with employees; educating the employees to understand and apply the information; empowering employees to apply the information to their own work; and offering employees a stake in the successful implementation of their ideas. Open-book management will take different forms at every company, Case notes, but he offers a wide range of suggestions and guidelines for implementing these principles. He concludes with a series of in-depth case studies, featuring companies of various sizes and financial situations that have successfully implemented open-book management. Open-Book Management is the indispensable guide to teaching employees how to think and act like owners.
Brief description: John Case is a veteran observer and interpreter of the business world. A senior writer at Inc. magazine, he writes the popular syndicated newspaper column "The Inc. Report," as well as numerous feature articles for the magazine itself. He is the author of three books, including From the Ground Up: The Resurgence of Entrepreneurship in America, described by The New York Times as "lively, sensible, swiftly paced," and by Tom Peters as "an important book at an important moment."
Review Quotes: "Companies that practice open-book management seem to have captured some sort of lightning in a bottle."--Chris Lee, "Training Magazine""Case can illuminate business strategies with a single piercing sentence.""--New York Times Book Review""What a sensible and timely idea--to treat people like adults and surround them with enough business information to do the right thing."--Rosabeth Moss Kanter, author of "When Giants Learn to Dance