Open-Book Management

Description:
The course was designed to cover critical business and professional development topics in the shortest time possible. With a wealth of hands-on exercises, the course keeps you engaged and help you retain critical skills.

Open-book management is one of the most popular ideas for growing a business because it encourages employees at all levels to look for ways to make and save money for their company. This course is designed to help managers and supervisors involve their employees in building a more productive and profitable enterprise. Learn how to teach people in your company how money gets made and lost, and what they can do about it.

Duration: One day

Table of Contents:

Chapter 1: Why Open the Books?
The Ecstatic Buzz of Business
Understanding What You Want
Misconceptions About Open-Book Management
Disclosing Financial Information
Sharing the Information

Chapter 2: Critical Numbers and Business Goals
What Are Critical Numbers?
Tracking Critical Numbers
Create a Line of Sight
Relay Real-Time Information
Connecting Critical Numbers to Goals
Taking the Vision to the Employees
Bring Your Critical Numbers into Focus

Chapter 3: Prepare to Open the Books
Getting the Word Out
New Ways to Share Information
Have a Little Fun
8 Ideas for Involvement

Chapter 4: Developing Employees as Businesspeople
Confronting Common Myths
Conquering Number Phobia
Teach Business Concepts with Real-Life Examples
Finding a Method for Training
Adult Learning for Success

Chapter 5: Developing Leadership
Addressing Business Challenges
Building a Company of Businesspeople
Assessing Your Leaders
Measure Your Progress

Chapter 6: Rewards of the Open-Book Process
Sharing Success
Hired Hands or Businesspeople?
Inventing Incentives
Employees Who Act Like Owners
Revamping Rewards
Tips for Review Groups and Committees
3 Common Mistakes with Variable Incentives
Motivating Without Money
Assembling the Puzzle Pieces

Bibliography