Employees who feel like they are in the know at work are happier and more engaged. A lot of us have heard this before, yet most business owners still do not feel comfortable sharing the numbers and real time status updates with their staff. Jack Stack, author of The Great Game of Business, did the complete opposite and it paid off.
What did he do? He introduced a concept known as the open book management operating system. It’s a system built on sharing business and financial information with employees so that everyone is informed about the status and goals of the business and how their contribution directly impacts the company as a whole. It will completely change the way you look at business and it can really be summed up by doing 3 things:
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