You never thought you’d be here–navigating your business through a global pandemic that has changed nearly everything about the way we work.  You’ve learned to cope with the quarantines, the safety protocols and the financial uncertainty. Still, now you’re facing one more potential pivot: the switch to a hybrid or fully remote workforce. You’re thinking: What happens when my employees are no longer together as a team? Will they lose motivation? Will communication break down? Will our bottom line suffer? Maybe you’re already experiencing some of these issues–but it doesn’t have to be this way.  The core principles of the Great Game of Business®–educating and empowering employees to think and act like owners, and engaging them by giving them a Stake in the Outcome®—can help eliminate the risk of disengagement that comes with remote work. 

Are you a leader? Before you answer that question, consider … there’s a big difference between management and workplace leadership. Try this quote on for size: “Management is efficiency in climbing the ladder of success; leadership determines whether the ladder is leaning against the right wall.” – Stephen Covey

Historically, businesses using traditional management styles have been reluctant to give all of their employees the knowledge they need in order to make good business decisions day in and day out as they do their jobs. Open-book management takes a much different approach. It’s all about capturing and sharing both financial and organizational knowledge with every employee and empowering them to use that knowledge to contribute to the long-term success of the organization, as well as their own personal success. The benefits of knowledge sharing are numerous:

Change is often uncomfortable, and adapting to it can be messy. Whether you’re implementing The Great Game of Business®, staging an acquisition, creating a new culture committee, or looking into employee ownership, consider these tips from CEOs that can help business leaders communicate your message in ways that build buy-in and rally your team behind the effort.

If you’re an owner, president, or leader in your company, anticipating setbacks or failures isn’t an easy task. Even if you can foresee these unfortunate circumstances, developing a strategic plan may not be on the top of your to-do list. What’s your “Plan B” if you lose a big client or a client needs you to increase your support significantly? What happens during difficult times when the economy takes a downturn? Do you know what you would do if a critical team member were to leave during a busy season? If 2020 has taught us anything, it’s that your business can’t wait until that moment occurs to find out.

When it comes to financial literacy, it may seem overwhelming for those who don’t have a background in accounting or business. At first, nearly anything you say about the financials will sound absolutely foreign. So what can you do to break down this communication barrier? There are a number of techniques you can use when communicating the numbers to ensure everyone is on the same page. Here are four strategies to improve communication about financials with your employees:

I was listening to the January 3, 2021 sermon from Good Shepard NY. We were given the homework of intentionally remembering what brought you light in dark times of 2020. One of my points of light was my work with The Great Game of Business (GGOB). There is no better work than to have the opportunity to build businesses from the Frontline to the back office, enabling all in an organization to learn, develop and grow.

While the world focuses on blaring headlines and dramatic confrontations, humility continues on quietly—but meaningfully—behind the scenes, and away from the spotlight. In his new pamphlet, “Humility: A Humble, Anarchistic Inquiry,” Zingerman’s co-founder Ari Weinzweig shares his two-year-long inquiry into how the gentle art of humility can bring out our humanness, elevate organizational effectiveness, enhance leadership, and enrich quality of life.

Do you feel like your leadership team is finally ready to take the leap and open the books? But, you're worried some of your team aren't as enthusiastic as you hoped they would be? If you’re ready to start sharing your financial and operational information with employees, but you get the sense they’re just not ready yet, there could be some very logical – and common – reasons why. Today we discuss the top four reasons employees aren't ready to jump on the open-book management bandwagon. Maybe there's one or two that apply to your team.

In an open-book company, communication can make or break the success of your Game. MiniGames™, Huddles, and scoreboards are simply tools that are only as good as the communication and actions you create around them. Check out these tips from Great Game™ Coach, Dave Scholten, about communicating effectively to maximize The Game at your Business.