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In the early 1980s, Springfield RemanufacturingВ В Corporation (SRC) in Springfield, Missouri, was aВ В near bankrupt division of International Harvester.В В Thats when a green young manager, Jack Stack,В В took over and turned it around. He didnt know how toВ В manage a company, but he did know about theВ В principal, of athletic competition and democracy:В В keeping score, having fun, playing fair, providingВ В choice, and having a voice. With these principalsВ В he created his own style of management --В В open-book management. The key is to let everyone in onВ В financial decisions. At SRC, everyone learns how toВ В read a P&L -- even those without a high schoolВ В education know how much the toilet paper they useВ В cuts into profits. SRC people have a piece of theВ В action and a vote in company matters. ImagineВ В having a vote on your bonus and on what businesses theВ В company should be in. SRC restored the dignity ofВ В economic freedom to its people. StacksВ В open-book management is the key -- a systemВ В which, as he describes it here, is literallyВ В a game, and one so simple anyone can useВ В it. As part of the Currency paperback line, theВ В book includes a Users Guide -- anВ В introduction and discussion guide created for theВ В paperback by the author -- to help readers makeВ В practical use of the books ideas. Jack Stack is theВ В president and CEO of the Springfield RemanufacturingВ В Corporation, in Springfield, Missouri. The recipientВ В of the 1993 Business Enterprise Trust Award, JackВ В speaks throughout the country on TheВ В Great Game Of Business and OpenВ В Book Management.
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