"The beauty of open-book management is that it really works. It helps companies compete in today's mercurial marketplace by getting everybody on the payroll thinking and acting like a businessperson, an owner, rather than like a traditional hired hand." So wrote John Case, who was a senior writer at Inc. magazine in 1995 when he coined the phrase "open-book management."
Now, years later, companies are still debating the merits of opening their books to employees and vendors alike. Many tout the benefits, such as improved bottom-line results and employee retention. Still others warn of open-book pitfalls, such as employees using their newfound knowledge against the owners.
To help you learn more about the pros and cons, we've created this guide to the best resources available on Inc.com that relate to open-book management. Learn from the experiences of other entrepreneurs before you decide what's best for you and your company.
The Great Game of Business
Jack Stack's style of running SRC Holdings, an open-book management company, spurred so much interest in 1984 when Inc. magazine featured an article on him that it gave birth to an entire business that's dedicated to providing companies with services, tools, and products to learn what Stack calls, "The Great Game of Business."
Foundation for Enterprise Development and Beyster Institute for Entrepreneurial Employee Ownership
Use the site's Resource Library to discover more about open-book management. Just type in open-book management in the keyword search and discover articles and book reviews on the topic.
The National Center for Employee Ownership
Find a number of articles related to the topic at the center's Web site.