Open-Book Management: Coming Business Revolution, The – The Essential Guide to Employee Empowerment and Competitive Advantage Through Financial Principles

A must read....

The same like The Great game of business but from another point of view. Very interesting!

really good quality, perfect state.

What do TQM, reengineering, empowerment, teaming, and even six sigma have in common? They all implement parts of open-book management. And that's the reason they all have spotty records- they were successful when they, accidentally, incorporated enough of the rest of open-book management.The principle here is very simple- instead of your company or division relying on only the handful of minds at the top of the organization to improve the company, it treats all the employees as adults with brains and encourages everyone to work for the company's benefit. This also has the effect of reducing or eliminating office politics since everyone's pulling in the same direction.How? Fortunately the process is pretty simple, though it needs to be tailored to each business. The pieces are:1. Giving employees all relevant financial information,2. Giving employees training to understand the financial information,3. Giving employees appropriate responsibility for the numbers under their control, and4. Giving employees appropriate stakes in the outcomes (through bonuses, stock, options, etc.).

This book is full of American style stories - over simplified and With minimal detail.. I had hoped it would give me some great guidance but sadly it was not useful.

I'm a huge fan of this book, and using it as a framework to change our organization. I've been recommending it to all entrepreneurs I meet.