“The high cost of replacing employees means it’s important to find ways to retain the best performers, and studies show that transparency from the top can be a solution, boosting employee engagement and motivation.
One way to achieve that transparency is to show employees the company’s numbers and teach them the business. Why not get them in the same game as the owner?
The strategy is to create a business of business people. Then and only then will they begin to make a connection to the numbers that measure their performance and talk intelligently about improving the business.”
– Steve Baker
Steve Baker joins Victoria and Mark to talk more about the benefits and advantages of open book management, as well as some of the challenges that business owners face.
Steve is Vice President of The Great Game of Business, Inc. and co-authored Get in the Game as well as the update of the number one bestseller, The Great Game of Business—20th Anniversary Edition.
Known for his engaging and irreverent style, Steve is a top-rated, sought-after speaker and coach on open-book management, strategy and execution, leadership, and employee engagement.
Victoria, Mark and Steve talk more about:
- The best reasons that a business owner should teach their people business
- Common perceptions that employees have of ownership when there isn’t open-book transparency
- How employees can benefit from an open-book policy
- How you can get started
- And more…
Resources mentioned in this Episode:
This Episode Sponsored by: Wellborn Cabinet
Wellborn Cabinet is the featured sponsor for this episode of PowerTips Unscripted. Thank you, Wellborn Cabinet!