Global Recovery Corp, an engine and part supplier for the agricultural, highway trucking, industrial and automotive sectors, has seen the benefits of opening the books firsthand as a result of their dedication to the Great Game of Business® methodology. In addition to MiniGames™ like their recent $100K+ MiniGame featured on the GGOB Blog, GRC regularly practices the Huddle Cycle, rewards and recognition, and the High-Involvement Planning™ process to maximize engagement and involvement among their staff. Here are some of the most recent advancements in their Game that have helped them double their planned PBT for the first quarter at 55% above plan.
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These three Great Game® videos illustrate an overview and the why behind Great Game methodology, highlight the origins of open-book management & the Great Game of Business®, and give a live example of one of our fundamental practices: the Huddle Cycle. Check them out to see how GGOB instills Lasting Cultural Change while promoting Rapid Financial Results™ in organizations across the globe.
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From characteristics of successful GGOB practitioners, to forecasting tips, to biggest mistakes and how to avoid them, our Great Game™ coaches tackle these common issues in this segment of "Ask the Coaches."
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Company culture is one of the most important values individuals look at when searching for a job. That's why Great Game practitioners often spread the word about their open-book and transparent business practices, and as a result not only draw in prospective talent, but attract the right employees with compatible values—those that will thrive in their Great Game culture. GGOB practitioners showcase their unique culture to tell their customers and staff—new and old—the story of what they're all about. Many companies capitalize on their practice of the Great Game of Business® in job postings and their organization's web pages as hiring tool, an asset to retain current employees, and way to communicate their organization's values to clients.
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The Great Game of Business® is not for everyone. It's for business leaders looking for true transformation—those who fantasize about a business life in which others share the burdens often reserved for owners and executive staff. It's for those who view prosperity as a journey, not just an outcome. It's for leaders prepared to learn, teach, and share in The Game.
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With different levels of employees, do you structure bonus and reward programs equally? Does GGOB implementation differ between professional and support staff? Are staff privy to others' salary information? Our Great Game™ coaches answer how to tackle these tricky questions in this segment of "Ask the Coaches."
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If any industry would have difficulty with transparency, one might argue that it would be government entities, but that has not stopped Greene County, Missouri from opening the books. Greene County began playing their version of GGOB— The Great Game of Government— in 2012 by modifying Great Game practices to fit the needs of a government organization. Their efforts and financial results earned them the All-Star Pioneer Award in 2015, which honors an organization that is the first in their field to implement and practice the methodology of The Great Game of Business. After years of progress in opening the books and improving upon Great Game practices, the officials at Greene County challenged themselves to take transparency to the next level.
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Margins in the landscaping business continue to shrink—and it’s harder than ever to grow the top line as well. Willoway Nurseries, a leading US wholesale supplier of nursery products, understands this better than anyone. This nursery, founded in 1954, grows wholesale trees, shrubs, perennials, and seasonal color crops and ships to retailers and contractors across 26 states. With a customer base of more than 1,200 independent garden centers and landscape contractors, this company has personally seen the effects of industry-wide shrinking margins and a need for drastic change in how they operate their business. To confront these challenges, Willoway needed a way to gain efficiencies and improve quality. They decided to open the books to communicate the realities of operating a business to their team and what it takes to be profitable.
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Let's take it back a few years....14 years before the famous story of SRC's establishment in 1983. Jack Stack is learning the ins-and-outs of manufacturing, the detailed metrics involved in the industry, and receiving training and education provided by his company, International Harvester. In 1983, everyone is struggling for business, but this company is on the verge of failure. International Harvester owes $6 billion, interest rates are at 20%, and the company lays off 1000 workers weekly for two years straight. Jack and the other managers of the Springfield plant are fully focused on saving the jobs of their 119 employees and keeping the business from shutting down. This critical position shaped Jack's thoughts on how teaching everyone in the company the metrics of a successful and sustainable business through financial literacy and reporting is the only sensible way to run a business.
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