Open Book
Management
Open Book Management (OBM) is an
emerging approach for
managing businesses and other organizations. Thousands of U.S.
businesses have adopted this style are running their unique versions.
Elements we believe important to
successful OBM are:
- Trust and access to
information [not necessarily all company data, but sufficient
information for employees to be productive and proactive in their
jobs]
- Employees sharing in the business outcome, good
or bad.
- Employees understanding the business and
increasingly thinking like owners.
These features correspond to the attributes
suggested by the letters in "Game." Our approach to the
"G/AME"of business is:
Generating greater value and wealth
through
Access to information about
company health and performance,
Measurable goals with substantial rewards, and
Education about finance and business fundamentals for
everyone.
The figure at right illustrates the main
components of our model. It fosters a culture for a company of
businesspeople centered around OBM.
More about the CFS
approach
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