ceo resources, inc.

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open-book management
    
In today's ever changing and increasingly complex, global marketplace, the competition for skilled employees is as keen as that for customers. Today's CEO must provide high quality products or services in a timely manner, with excellent service while simultaneously creating a work environment which is attractive to today's highly mobile workforce.

Fortunately, there is open-book management. In a recent survey conducted by Ernst & Young, 59% of workers said they would be more motivated if they knew how their jobs helped the company make money; 77% of the managers agreed. As the name implies, companies that practice open-book management provide their employees with the education and training to understand the financials and then gradually open the company's books to the employees. A critical step in the process is helping the employees connect personal performance execution to financial outcomes. Typically, some portion of everyone's income is tied to the company's financial success. Open-Book Management can turn your employees from hired hands into business people.

Unlike many consultant driven management fads, there is no cook book or formula for open-book management. There are as many ways to practice open-book management as there are companies. At CEO Resources, Inc. we can help you develop an open-book style for your company that will provide both motivation and procedures for maximizing profitability.

Specifically, we will coach you in the timing and sequence for introducing open-book management into your company. We can provide tools and guidance in teaching business literacy to all of your employees. We have years of experience in devising methods for sharing a stake in the outcome.

Most importantly, we have met and worked with many open-book management companies. This has provided us with first hand knowledge of what works and what you will want to avoid. You will have the opportunity to learn from other's experiences, the good and the bad.

Often our consultants work with CEOs who are considering open-book management for the first time. Our clients tell us we have been a valuable resource in helping them determine if open-book management makes sense in their particular situations. The answer is not always, yes. Open-book management requires a real shift in the mind-set of everyone, but especially that of the CEO and the managers. What we have seen, though, is the company that educates its workers on how their jobs can influence corporate profitability will find itself with a very potent workforce.