February 2002
Beginner to intermediate
240 pages
3h 16m
English
An increasing number of companies are redefining their organization’s culture around open communications. In contrast to the historical notion that financial details were something left to management, companies like Springfield Remanufacturing, Allstate Insurance, Rhino Foods, Patagonia, and Sprint are opening their books and explaining financial details to employees. Open-book management (OBM) discards the notion that bosses run things and employees do what they’re told. Instead, it allows every employee to think and behave like an owner. Access to detailed financial information, and the ability to understand that information, makes employees think like owners. And this leads to them making decisions ...
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