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Key Information
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| Authors: |
Bo Burlingham |
| Nonfiction Category: |
Business & Economics |
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Professional Reviews
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Peters, Tom: "At a time when doubt shrouds the U.S. economy, Jack Stack's book is a beacon of hope. It is a little bit about technique and a lot about unleashing the good sense of the American worker." |
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Book Editions
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Format: Paperback
Publisher: Doubleday (October 01, 1994)
Measurements: 9.25"(h) x 6.25"(w) x 0.75"(d), 0.85 lbs.
ISBN: 9780385475259 |
| More Information |
| Details: |
In the early 1980s, Springfield Remanufacturing Corporation (SRC) in Springfield, Missouri, was a near bankrupt division of International Harvester. Thats when a green young manager, Jack Stack, took over and turned it around. He didnt know how to "manage" a company, but he did know about the principal, of athletic competition and democracy: keeping score, having fun, playing fair, providing choice, and having a voice. With these principals he created his own style of management -- open-book management. The key is to let everyone in on financial decisions. At SRC, everyone learns how to read a P&L -- even those without a high school education know how much the toilet paper they use cuts into profits. SRC people have a piece of the action and a vote in company matters. Imagine having a vote on your bonus and on what businesses the company should be in. SRC restored the dignity of economic freedom to its people. Stacks "open-book management" is the key -- a system which, as he describes it |
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