Comments on: Open-book management

By: Joca on stuff (about internet, product management, agile, swimming and etc.) » Blog Archive » Open-book management

Sun, 09 Aug 2009 03:52:16 +0000

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By: Joca on stuff (about internet, product management, agile, swimming and etc.) » Blog Archive » Clóvis Bojikian, former Semco’s HR director, on how to implement organizational democracy

Sun, 09 Aug 2009 03:51:03 +0000

[...] And Semco was ready for the final step, profit sharing. The owners decided to give twenty something percent of the profit to the employees and all the rest was decided in a participative manner. The employees created a set of principles. One of the main principles read more or less like this: “It is not enough to be transparent, we need to educate”. The idea is that not only all numbers of the company be open to all employees but all the employees must be trained to be able to read those numbers. Income statement, P&L and cash flow require some background in order to be read and understood. This is the basis of the Open Book Management: [...]

By: Joca

Joca — Sat, 13 Jun 2009 03:39:13 +0000

Hi Keisha! Thanks for visiting my blog!

I was always in favor of letting everyone in an organization know about its numbers. Knowing the number is much easier to understand why we need to do certain things and it really improves everyone’s motivation. I recently found about the Open-Book Management concept which made sense immediately to me. I’m now reading Jack Stack’s book, The Great Game of Business, and maybe someday I’ll have the opportunity to visit his company.

By: Joca on stuff (about internet, product management, agile, swimming and etc.) » Blog Archive » Managing without managers

Sat, 13 Jun 2009 03:31:30 +0000

[...] many of his ideas are in sync with the Open-Book Management ideas I mentioned earlier in this [...]

By: Keshia

Keshia — Wed, 10 Jun 2009 14:44:58 +0000

Hi! My name is Keshia, and I actually work for Jack Stack’s company, The Great Game of Business, that teaches the Open-Book Management philosophy you reference in your blog. I just wanted to say that I enjoyed your post and thank you for sharing the benefits of OBM on your blog. I believe that OBM is a philosophy that will become even more valuable with the uncertainty of the economy in the next few months, and it is so important for entrepreneurs to communicate with their employees on such critical issues. Have a great day and thanks for sharing!