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LNB #033: Open Book Management
Manage episode 413495841 series 3014242
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OPEN BOOK MANAGEMENT Key Elements * Provide employees and key contributors with all the information they need to help the business be successful Financial data Profit data Performance data Cost of goods/services sold, etc. * Train these good people how to use and understand this information * Give these people responsibility for the numbers under their control. * Provide these people with a financial stake in how the company performs. Resources: http://en.wikipedia.org/wiki/Open_Book_Management The Human Equation (book) Fast Company Magazine (February, 2007 issue, page 112) For More Info -------------------- Lalita Amos http://www.TotalTeamSolutions.com/podcast/podcasting.htm http://totalteam.blogspot.com 214 615 6505, 3895 for questions or comments
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