When employees are equipped to make better decisions, an organization gains competitive traction. Springfield remanufacturing corp src has been at the forefront of the remanufacturing industry and the great game of business, known as open book management, since the early 1980s when src employeeowners initiated a buyout of international harvesters remanufacturing facilities in springfield, mo. Steve baker springfield, missouri professional profile. Springfield remanufacturing bought the company and learned to play the game of open. Springfield spring corporation has used this system successfully since 2001. A pioneer of the leadership model known as open book management, stack is the author of two books on the subject, the great game of business and a stake in the outcome. Sep 22, 2010 so whats stopping you from practicing open book management. Openbook management is the business revolution thats the logical culmination of tqm, reengineering, teams, and most other management innovations of the past two decades.
Provides tools, training, and coaching services for companies implementing open book management. The model, outlined by stack in his 1992 book, is patterned after openbook management and engaging employees in the budgeting process. At, we work hard to capture and post all disclosed spending at every level of government federal, state, and local. Important information about open meetings in the state of massachusetts, m. Aus einer wirtschaftlich katastrophalen lage konnte im jahr 1983 in springfield missouri, usa ein motorenwerk nur durch einen sehr hohen. Oct 12, 20 the 5 unexpected benefits of open book management. Norman rodriguez thought of using open book management because many employees. Springfield remanufacturing corp customers src reman. Jan 30, 20 practices open book management, which allows employees on all levels to comment on.
Key learnings from the src story are all rolled up into an open book management obm concept jack refers to as the great game of business great game. The world is asking us to be transparent and help everyone on the planet to. People learn to understand the economics of the business. Apr 18, 2017 jack stack and springfield remanufacturing corporation are pioneers of open book management but they dont have exclusive rights to the concept. At src, we close the gap between managers and employees. We are the educational wing of src holdings corporation, where the business philosophy of open book management was developed by president and ceo jack stack more than 30 years ago. Open book isnt just about opening your financials to your company, its about responsibility, ownership, results and growth, all of these things can come together to drive the needle forward in your organization. Open book management is an umbrella term for a spectrum of. As companies all over the country are discovering, it gets everyone on the payroll focused on business success. Well leave it to jack to tell his own story what is helpful to know is that src is a manufacturing company which was in dire financial. Openbook management at its most effective far outperforms a definition as simple as sharing financial information with employees. The beauty of open book management is that it really works. Every associates has a voice in how the company is run, and each src division holds regular, companywide huddles to discuss financial forecasting and progress. Src, indeed, is the johnny appleseed of this approach.
View steve bakers professional profile on linkedin. His expertise in using the open book model has helped src holdings corporation start, acquire, and own over 60 businesses and created thousands of jobs since 1983. The researcher selected bibliotheca alexandrina as a great culture minaret to measure the degree of practicing open book management from the point of view of its employees in order to identify the. We wont stop until we capture every dime taxed and spent by our government. Brief history of a business movement open book coaching. The effectiveness of this group management style is. All listings include a map and route planner free listings for companies. As motorola played this role for tqm, missouribased springfield remanufacturing corporation plays it for open book management. Open book is a proven method that brings about a lasting cultural change within an organization by empowering and engaging a workforce.
It helps companies compete in todays mercurial marketplace by getting everybody on the payroll thinking and acting like a. Open book management obm is defined as empowering every employee of an organisation with required knowledge about the processes, adequate training and powers to make decisions which would help them in running a business. Indeed to anyone who cared to knowinvest a substantial amount of time and effort in training every employee in financial management so that they can follow, in detail, the weekly operating and financial reports of the company. The great game of business is a company whose origins were from the springfield remanufacturing corp. How four companies profit from open book management. The great game of business about jack stack and src. The great game is a management system to consider adopting to make your company thrive for decades to come. Open book management is the business revolution thats the logical culmination of tqm, reengineering, teams, and most other management innovations of the past two decades. This story is told ably by jack stack and bo burlingham in the great game of business, which was where zingermans came across the concept. At first, little information was made available to employees, partly because of concern that the numbers did not look very good.
About openbook management the great game of business. Sloan school of management in partial fulfillment of the requirements for the degree of master of business administration charles and master of science in management negron abstract. Open book management is the business practice of making an organizations financial information available and understandable to employees. This is what makes our approach to business revolutionary. Amber hall february 2, 2016 great game of business. Aug 20, 2019 key learnings from the src story are all rolled up into an open book management obm concept jack refers to as the great game of business great game. Open book management obm is a management phrase coined by john case of inc. Greene county presiding commissioner bob cirtin has taken to calling the countys adaptation as the great game of government. Openbook management is a management approach whereby employees are provided with company financial information to enable them to make better business decisions. Linkedin is the worlds largest business network, helping professionals like steve baker discover inside connections to recommended job. The city of springfield provides access to meetings online in a variety of ways.
Openbook management is underlined by the theory that workers are more motivated and productive when they are treated as business partners who traditionally have access to. Springfield remanufacturing bought the company and learned to. Open book management news src logistics springfield, mo. We embrace open book management as pioneered by our founder and ceo jack stack author of the great game of. Jack stack is president and ceo of the springfield remanufacturing corporation src, located in springfield, missouri. Reman engines discover engine remanufacturing src reman. Pool covers started practicing open book management in 1996 after bill and bonnie pickens attended a great game of business conference. Most of them are entrepreneurial small businesses, generally with 500 or fewer employees. Open book management goes beyond the bottom line by colleen k. Jack stack and springfield remanufacturing corporation are pioneers of open book management but they dont have exclusive rights to the concept. We embrace open book management as pioneered by our founder and ceo jack stack author of the great game of business. Releasing the true potential of peoples minds, hearts, and hands schuster, john p.
The concepts most visible success has been achieved by jack stack and his team at src holdings. Src holdings springfield, mo remanufacturing services. The beauty of openbook management is that it really works. Chapter 39, section 23b states all governmental bodies must have meetings that are open to the public and readily available to anyone who wishes to attend. Open book management was born in springfield, missouri, at springfield remanufacturing company, also known as src. Open book management is defined as one of the most. Books began to be published about openbook management. The application of openbook management at springfield remanufacturing is described in jack stacks work, the great game of business new york. It is all about team work and moving forward collectively.
What do eight companies on forbes 2016 best small companies. The spreadsheet below shows city of springfield current fiscal year to date disbursements other than personal services otps. As motorola played this role for tqm, missouribased springfield remanufacturing corporation plays it for openbook management. Transportation management core management, finished goods distribution, warehousing, and transportation management. For companies practicing openbook management, such as web industries, central states. Src holdings springfield, mo remanufacturing our culture. The book rack springfield, il, springfield, illinois. Openbook management is a way of running a company that engages employees in making money. The researcher selected bibliotheca alexandrina as a great culture minaret to measure the degree of practicing openbook management from the point of view of its employees in order to identify the. The great game of business and open book management. How jack stack originated openbook management in 1983 at an engine remanufacturing facility in springfield, missouri.