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Title: A Stake in the Outcome: Building a Culture of Ownership for the Long-Term Success of Your Business by Bo Burlingham, Jack Stack, Bo Burlingham ISBN: 0-385-50507-8 Publisher: Currency Pub. Date: 19 March, 2002 Format: Hardcover Volumes: 1 List Price(USD): $24.95 |
Average Customer Rating: 4.83 (6 reviews)
Rating: 5
Summary: Cold, hard, ruthless, and magnificent!
Comment: A lot of "business management" books are all fluff; not here.
There is not one wasted word in this wonderful book, which should be mandatory reading in every business in America.
Inadvertantly, Stack addressed the issue of a "culture of ownership" just in time to face a generational shift in the work force.
"Theory X" worked for the veterans of WWII; "Theory Y" worked, to a degree, for the Baby Boomers.
"Generation X," and "Generation Y," see the cultural climate of business in an entirely different light; yet, they must find a voice in working with American business, for the good of all.
Incredibly distrustful of authority, and poorly served by the education system they have left, something new is needed to bring order out of the chaos of their perceptions.
If you are looking for silver bullets, look no further than Stack's books (and Ricardo Semler's "Maverick").
In "The Great Game of Business," Stack discussed the restructuring of Sprinfield Remanfacturing, starting with a debt/equity ratio of 89 to 1.
Success brought a new, painful awareness of two basic issues: one, growth leads to conflict arising, and must be resolved; and two, businesses do not scale very well.
A larger business requires a qualitatively different framework to resolve conflicts in; the price of the necessary knowledge is very high, indeed.
Good news!
Stack and the people at SRC Holdings Corporation - the name should give you a hint of the magnitude of change required - have done the heavy lifting for you!
The best accompaniment you can have as you try to apply his principles is a good primer on economic value added (EVA) accounting.
Incidentally, Chapter 10, "Crossing the Great Divide," includes a great story about "The Secret of the Chinese Firecracker Factory," where the issue of scaling the business model is addressed following an insight gained from the manufacturing process of Chinese firecrackers.
The same insight was expressed in Chapter 15 of "Maverick," by Ricardo Semler. Called "Divide and Prosper," Semler addresses the issue of the appropriate scale and structure of the business in the same light as Stack. Semler also addressed a good many of the issues Stack faced from an invaluable perspective, particularly management structure (see Chapter 21 of "Maverick.")
Stack has given one and all an invaluable guide to The Next Step after Open Books; keep it close to hand, give it to all of your people, and let people who wonder about "who moved their cheese," keep wondering!
Rating: 5
Summary: A good story, instructive
Comment: Jack Stack has become well-known in some circles as the poster boy of open book management. He and his colleagues at SRC (Springfield Remanufacturing Corporation) have built a company and set of business practices (Great Game of Business) around the concept of sharing numbers with your employees. Yes, it's more than just sharing numbers, it's empowering the employees to be true team members, enabling them to take personal and collective actions to influence the numbers and to share in the profits.
Open book management is a great concept that has made a significant difference for a lot of companies, and even the U. S. Coast Guard. Stack presented the concept in his 1992 book, "The Great Game of Business" (Currency Doubleday). That book was a valuable how-to package.
"A Stake in the Outcome" is more of the story of the transformation of a remanufacturing plant owned by a large corporation into a thriving independent business. In the midst of the text, the reader will find some advice, some brief case studies of other companies, and some experience descriptions that may be instructive. But, when it all shakes out, this is the story of the growth of a business. It's an historical review with plenty of detail. It's Jack Stack's story.
If you're looking for an instruction book of how to build an employee-centered open book management company, this isn't it. If you're looking for an instructive report of what one company went through, from the leader's perspective, this book fits that description. It's Jack Stack's book, even though Bo Burlingham, an editor-at-large of Inc. Magazine, is shown as co-author. Burlingham's photo doesn't appear on the dust jacket, just Stack's.
Reading the book is like listening to Stack telling his story, with the emotion, the ego, the pride, and the rough-and-tumble. It would be interesting to hear this story shared by others. You can gain that experience by visiting SRC in Springfield, Missouri, but you can't get it from this book.
Rating: 4
Summary: More Compelling Stuff From Jack Stack
Comment: What could Jack Stack and Bo Burlingham come up with to match the excitement of The Great Game of Business? Perhaps nothing, but they've come pretty close with A Stake in the Outcome, a continuation of the remarkable story of SRC and its traiblazing initiatives in Open Book Management, employee ownership and organization-wide involvement. The first portion of the book is a recounting of the earliest days of SRC, a story that will be very familiar to readers of the earlier Stack book. But the reading quickly becomes compelling as he continues the story and builds the irrefutable case for equity ownership throughout an organization. Jack Stack is a consummate teacher: experienced, entertaining, inspiring and entirely logical. In this work, he demonstrates once again that "he knows his numbers." For fans and pratitioners of Open Book Management, or those intrigued by the potential behind employee ownership, this is an important new book.
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Title: The Great Game of Business by Jack Stack ISBN: 038547525X Publisher: Currency Pub. Date: 01 October, 1994 List Price(USD): $17.95 |
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Title: Open-Book Management : Coming Business Revolution, The by John Case ISBN: 0887308023 Publisher: HarperBusiness Pub. Date: 22 May, 1996 List Price(USD): $16.95 |
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Title: The Open-Book Experience: Lessons from over 100 Companies Who Successfully Transformed Themselves by John Case ISBN: 0738200409 Publisher: Perseus Book Group Pub. Date: January, 1999 List Price(USD): $14.00 |
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Title: Managing by the Numbers: A Commonsense Guide to Understanding and Using Your Company's Financials: An Essential Resource for Growing Businesses by Chuck Kremer, Ron Rizzuto, John F. Case ISBN: 0738202568 Publisher: Perseus Book Group Pub. Date: 15 May, 2000 List Price(USD): $18.00 |
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Title: The Open-Book Management Field Book by John P. Schuster, Jill Carpenter, M. Patricia Kane ISBN: 047118036X Publisher: John Wiley & Sons Pub. Date: 24 October, 1997 List Price(USD): $35.00 |
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