The 100 Best Business Books of All Time by Jack Covert

Author:Jack Covert
Language: eng
Format: epub
Publisher: Penguin Publishing Group
Published: 2016-07-15T11:39:57+00:00

This approach may seem quaint since the book was written in 1992, but currently SRC Holdings has fifteen separate companies with overall sales of $300 million. A $1 investment in SRC stock in 1983 is now worth $800. The people who work at SRC own this stock, and the company has never laid off an employee.

I firmly believe that OBM played a significant role in my company’s growth and is the reason we have extremely low employee turnover. But the OBM approach Stack advocates requires a constant commitment from managers to completely share information with employees. It is a one-way trip: giving people more means that you can never take a step back, withhold information, or deny participation. JC

The Great Game of Business: Unlocking the Power and Profitability of Open-Book Management, Currency/Doubleday, Paperback 1994, ISBN 9780385475259

WHERE TO NEXT? Here for more about accounting Here for how to grow a business Here for a narrative of heavy industry | EVEN MORE: Open-Book Management by John Case; Managing by the Numbers by Chuck Kremer and Ron Rizzuto, with John Case; Maverick by Ricardo Semler

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