The Great Game of Business: Unlocking the Power and Profitability of Open-Book Management

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In the early 1980s, Springfield RemanufacturingxA0;xA0;Corporation (SRC) in Springfield, Missouri, was axA0;xA0;near bankrupt division of International Harvester.xA0;xA0;That's when a green young manager, Jack Stack,xA0;xA0;took over and turned it around. He didn't know how toxA0;xA0;"manage" a company, but he did know about thexA0;xA0;principal, of athletic competition and democracy:xA0;xA0;keeping score, having fun, playing fair, providingxA0;xA0;choice, and having a voice. With these principalsxA0;xA0;he created his own style of management --xA0;xA0;open-book management. The key is to let everyone in onxA0;xA0;financial decisions. At SRC, everyone learns how toxA0;xA0;read a P&L -- even those without a high schoolxA0;xA0;education know how much the toilet paper they usexA0;xA0;cuts into profits. SRC people have a piece of thexA0;xA0;action and a vote in company matters. ImaginexA0;xA0;having a vote on your bonus and on what businesses thexA0;xA0;company should be in. SRC restored the dignity ofxA0;xA0;economic freedom to its people. Stack'sxA0;xA0;"open-book management" is the key -- a systemxA0;xA0;which, as he describes it here, is literallyxA0;xA0;a game, and one so simple anyone can usexA0;xA0;it. As part of the Currency paperback line, thexA0;xA0;book includes a "User's Guide" -- anxA0;xA0;introduction and discussion guide created for thexA0;xA0;paperback by the author -- to help readers makexA0;xA0;practical use of the book's ideas. Jack Stack is thexA0;xA0;president and CEO of the Springfield RemanufacturingxA0;xA0;Corporation, in Springfield, Missouri. The recipientxA0;xA0;of the 1993 Business Enterprise Trust Award, JackxA0;xA0;speaks throughout the country on ThexA0;xA0;Great Game Of Business and OpenxA0;xA0;Book Management.