Jack stack is the author of the great game of business 4. The phrase open book management was developed by john case of inc. The concepts most visible success has been achieved by jack stack and his team at src holdings. Indeed to anyone who cared to knowinvest a substantial amount of time and effort in training every employee in financial management so that they. I recently interviewed stack in springfield, missouri for a forthcoming issue february 2011 of kaizen. Instead, he has tried to maximize his influence in a specific local sphere, a place where he can still make time for his family, for bass fishing, and for casual conversations at the local bar and golf course. Openbook managements lessons for detroit the new york times. Jack stack the new york times, springfield business journal. Openbook 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. His expertise in using the openbook model has helped src holdings corporation start, acquire, and own over 60 businesses and created thousands of jobs since 1983. Openbook management is the business revolution thats the logical culmination of tqm, reengineering, teams, and most other management innovations of the past two decades. Stickergiants open book management structure customer. 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. Src restored the dignity of economic freedom to its people.
With proper training and knowledge, all levels of your business start to act and engage just like the owner. Why open book management creates better businesses and stronger teams by jack stack, gino wickman, bo burlingham, rob dube mike roseposted on december 17, 2019listen to the episode. We first began to learn about open book finance in the early 90s, when i read jack stack and bo burlinghams the great game of business which i still consider to be the single most insightful book on the subject. Which of the following is not one of the three core activities in the open book management system pioneered by jack stack. Oct 12, 20 the 5 unexpected benefits of open book management. While others debated why american manufacturing was collapsing, jack stack took over a failing factory, started a new business with a radically transparent management philosophy and created a. Stacks leadership and openbook management approach later. He pioneered in a highly transparent way of managing in his own organizations. Home the great game of business the great game of business is teaching employees to think and act like owners, using openbook management techniques developed by jack stack. About the great game of business, expanded and updated. The annual gathering of games, presented by the great game of business, is the only conference where the open book management community comes together from around the world to learn, share, and celebrate the principles and practices of the great game of business and open book management.
We embrace open book management as pioneered by our founder and ceo jack stack. Jack stack is the president and ceo of the springfield remanufacturing corporation. Open book management and the great game of business aibd. May 19, 2014 openbook management lets every employee look at the companys accounts. The basis of openbook management is that the information received by employees should not only help.
May 21, 2014 bill first read about management transparency in the book ownership thinking by brad hams and the great game of business by jack stack. Unlocking the power and profitability of openbook management by bo burlingham and jack stack 1994, paperback at the best online prices at ebay. This particular way of managing was later coined open book management obm by author john case. To assess what these changes might mean, i recently spoke with jack stack, a leading figure in both the openbook management and employeeownership movements.
Jack has been called the smartest strategist in america by inc. American serialentrepreneur jack stack is considered the father of open book management after being dubbed so by inc. Then i read ricardo semlers maverick and john cases open book management. The great game of business, expanded and updated on apple. At the very least, jack stack could have easily established subsidiaries of springfield remanufacturing around the world, bringing openbook management to his own shops everywhere.
Springfield remanufacturing bought the company and learned to play the game of open. Then i read ricardo semlers maverick and john cases openbook management. The great game of business, expanded and updated by jack. Why open book management is an excellent way to run a.
Unm newsroom news jack stack to lecture on open book management. The great game of business about jack stack and src. Magazine has heralded him as the smartest strategist in america. Apr 18, 2017 while others debated why american manufacturing was collapsing, jack stack took over a failing factory, started a new business with a radically transparent management philosophy and created a slew. Magazine and one of the top 10 minds in small business by fortune magazine. While thats an impressive number, its far short of, say, the 300 million people living in the united states. President and ceo jack stack has written two books with bo burlingham, the great game of business and a stake in the outcome, detailing the business and management techniques practiced and promoted by the company. A talent management white paper on the power of openbook. Stack s open book management is the key a system which, as he describes it here, is literally a game, and one so simple anyone can use it. Jack stack has been called one of the top 10 minds in small business by fortune magazine and inc. Jack stack and springfield remanufacturing corporation are pioneers of open book management but they dont have exclusive rights to the concept.
Jack stack and openbook management stephen hicks, ph. Jack stack s style of running src holdings, an open book management company, spurred so much interest in 1984 when inc. Jack stack, ceo of src holdings, is an early riser. Companies of all sizes are discovering the value of openbook management. Much to his surprise my answer was no, and he quickly recommended that i order jacks book, the. Openbook management lets every employee look at the companys accounts. Get ready for an hour packed with brilliant leadership and entrepreneurial wisdom. I like the philosophy of the book open book management, which has been successfully used by many companies like netflix. He has many great examples, cases, tools for readers to learn. Through this book jack outlines his openbook management framework which he calls the game while at src. Openbook management the great game of business blog. Jack stack covers the foundation of openbook management in his interview with jim canfield.
Src holdings corporation operates 31 business units including joint ventures with john deere, case new holland and navistar, and maintains two venture capital incubator funds. Jack stack business legend to speak at central iowa. The philosophy behind the success of src is more radical than it appears. Magazine in the early 1990s, but it was stack who developed three simple guidelines for open book in the great game of business.
His expertise in using the open book model has helped src holdings corporation start, acquire, and own over 60 small and medium size businesses and created thousands of jobs since 1983. The concepts most visible success has been achieved by jack stack and his. Bill first read about management transparency in the book ownership thinking by brad hams and the great game of business by jack stack. Stacks openbook management is the key a system which, as he describes it here, is literally a game, and one so simple anyone can use it. The roots of openbook management with jack stack and jim. The great game of business has had 25 printings and sold over 350,000 copies in 14 languages. 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. The recipient of the 1993 business enterprise trust award, he speaks throughout the country on open book management and the great game of business.
Pattersons openbook system is loosely based on a model pioneered by jack stack of springfield remanufacturing in missouri. The great game of business, expanded and updated on apple books. Openbook management obm is a management phrase coined by john case of inc. By jack stack the last time we counted, we found that more than a million people have been touched by openbook management through the src family. When john case and jack stack first introduced the concept of openbook management more than 30 years ago, the intent was to unleash the entrepreneur in every employee and to spur themand their organizationsto better performance. But these days, in the middle of the coronavirus crisis, stack is. This miracle turnaround is all down to one man, jack stack, and his revolutionary system of openbook management, in which every employee understands the companys key figures, can act on them and has a real stake in the business. Jack stack shares the unexpected benefits of openbook.
Case tells a story about a hotel manager who was mentored by jack stack. Jack stack is the president and ceo of the springfield remanufacturing corporation, in springfield, missouri. The annual gathering of games, presented by the great game of business, is the only conference where the openbook management community comes together from around the world to learn, share, and celebrate the principles and practices of the great game of. Put those three practices together and you have a style of management known generically as openbook management. Jack stack on forecasting in a shaky economy open forum. Jack stack is president and ceo of src holdings corporation, which remanufactures gasoline and diesel engines for the automotive and offhighway markets, distributes engine kits, manufactures power units and remanufactures electrical components, and conducts seminars and training programs specializing in all aspects of teaching people how to implement openbook management. Jack stack and springfield remanufacturing corporation are pioneers of open book management but they dont have exclusive rights to the. Apr 11, 2020 src holdings corporation operates 31 business units including joint ventures with john deere, case new holland and navistar, and maintains two venture capital incubator funds. Sep 23, 2015 unm newsroom news jack stack to lecture on open book management. Create a culture of openbook management, making every aspect of the business visible to every employee. Open book management gives employees the information they need in order to make the best. May 21, 2009 to assess what these changes might mean, i recently spoke with jack stack, a leading figure in both the open book management and employeeownership movements. May 01, 1992 through this book jack outlines his open book management framework which he calls the game while at src. Employees may consent to being managed, but owners will not.
In this blog, legendary businessman jack stack shares the some of the unexpected benefits of openbook management. The great game of business jack stack, bo burlingham. American serialentrepreneur jack stack is considered the father of openbook management after being dubbed so by inc. Apr 18, 2017 jack stack and springfield remanufacturing corporation are pioneers of open book management but they dont have exclusive rights to the concept. As a pioneer of a model called openbook management, he has helped src holdings create thousands of jobs and increased their stock value over 360,000%. Jack stack is president and ceo of the springfield remanufacturing corporation src, located in springfield, missouri. A pioneer of the leadership model known as openbook management, stack is the author of two books on the subject, the great game of business and a stake in the outcome. Although jack stack doesnt particularly like the phrase, he is the most famous practitioner of it, particularly in smallbusiness circles. They need employees who understand how the company makes money and how they themselves can contribute to the bottom line. Open book management obm is an innovative management practice for engaging employees. The best, most efficient, most profitable way to operate a business is to give everybody in the company a voice in saying how the company is run and a. The great game of business started a business revolution by introducing the world to openbook management, a new way of running a business that created unprecedented profit and employee engagement. Unlocking the power and profitability of open book management by bo burlingham and jack stack 1994, paperback at the best online prices at ebay. The recipient of the 1993 business enterprise trust award, jack speaks throughout the country on the great game of business and open book management.
This miracle turnaround is all down to one man, jack stack, and his revolutionary system of open book management, in which every employee understands the companys key figures, can act on them and has a real stake in the business. Restaurants find empowering workers leads to profits the. The last time we counted, we found that more than a million people have been touched by openbook management through the src family. Open book management obm is a management phrase coined by john case of inc. The tale of its great game of business openbook system has been told often in the pressand in the speeches and the popular book by chief executive jack stack. In fact, forecasting is the key component of playing the great game of business, a business philosophy created by src that is more commonly known as openbook management. Imagine having a vote on your bonus and on what businesses the company should be in. 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 stake in the outcome. Jack stack and 12 managers were trying to save jobs in springfield, missouri. Over the years, stack has relied on forecasting as a way to steer the src ship. Information about customer expectations and feedback is distributed monthly. Jack stacks style of running src holdings, an openbook management company, spurred so much interest in 1984 when inc. Nov 18, 2010 the last time we counted, we found that more than a million people have been touched by openbook management through the src family. What lies at the heart of the game is a very simple proposition.
The great game of business is teaching employees to think and act like owners, using openbook management techniques developed by jack stack. This is what makes our approach to business revolutionary. This particular way of managing was later coined openbook management obm by author john case. As companies all over the country are discovering, it gets everyone on the payroll focused on business success. Jack stack, author of the great game of business and a stake in the outcome, is a leader in the practice of obm. About openbook management the great game of business. Jul 01, 2001 put those three practices together and you have a style of management known generically as openbook management. As a follow up to his 1993 bestselling book the great game of business, which chronicles the dramatic comeback story of src and the origins of openbook management, jack stack and coauthor darren dahl write about the brighter side of capitalism in change the game. The great game of business by jack stack overdrive rakuten.