By: Anne Claire Broughton, Founder of Broughton Consulting and Jessica Yinka Thomas, Director of the Business Sustainability Collaborative
When John Case and Jack Stack first introduced the concept of open-book management more than 30 years ago, the intent was to unleash the entrepreneur in every employee and to spur them—and their organizations—to better performance. Since then, countless organizations have opened their books and engaged their employees in understanding the critical numbers with positive results to their bottom lines. Although the original goals of open-book management were
improved profitability and productivity, organizations have realized other benefits from the practice. These benefits include improved employee satisfaction, engagement, retention, motivation, innovation, and corporate sustainability.
This white paper:
- Examines open-book management and the benefits of applying its principles to improve employee satisfaction, engagement, retention, motivation, innovation, and corporate sustainability.
- Explores how open-book management practices are well-suited to help achieve corporate sustainability goals.
- Outlines steps HR and talent management professionals can take to ensure the application of those practices in their own organizations.
Read the full paper here.