Jack stack shares the unexpected benefits of openbook. This miracle turnaround is all down to one man, jack stack, and his revolutionary system of openbook management, in which every employee understands the companys key figures, can act on them and has a real stake in the business. We embrace open book management as pioneered by our founder and ceo jack stack. We started out in the beginning, opening our books to our employees. Jack stack is the ceo of springfield remanufacturing corporation, one of the great turnaround success stories of this generation. Unlocking the power and profitability of openbook management by. Unlocking the power and profitability of openbook management by jack stack 1,449 ratings, 4. In the book, the longtime entrepreneur jack stack touts the idea of openbook management, a style of office culture that loops everyone into the finances of the company so they know how things. Jack stack joined the care to learn governing board in 2008. Bo has written two books with jack stack, the cofounder and ceo of src holdings corp. Jack has been called the smartest strategist in america by inc. The basis of openbook management is that the information.
Jack stack and openbook management stephen hicks, ph. But the most visible advocate for the conceptsometimes known as the godfather of openbookis a man named jack stack. Jack stack, 1992 the only way to be secure is to make money and generate cash. Do entertainers, celebrities and speakers like jack stack do paid appearances and speaking engagements. Unlocking the power and profitability of openbook management stack, jack on. Jack stack, my guest on a recent donothing podcast. The phrase open book management was developed by john case of inc. Weve brought the finest in traditional kansas city barbecue to lees summit with our newest restaurant in summitwoods crossing. Open book management obm is an innovative management practice for engaging employees. Jack stack is a charismatic 52yearold man, alert and sharp with a.
Jack stack, innovation and open book management vivify. A pioneer of the leadership model known as openbook management, stack is the author of two books on the subject, the great game of business and a stake in the outcome. Then we began to open our company to anyone who wanted to come in and see what we did. When asked why he believes his openbook management and gamification business strategy resonates with so. Through this book jack outlines his openbook management framework. To assess what these changes might mean, i recently spoke with jack stack, a leading figure in both the openbook management and employeeownership movements.
In 1983, stack and the src employees bought the company from ih. Jack stack is president and ceo of src holdings corporation, which remanufactures gasoline and diesel engines for the automotive and offhighway markets, distributes engine kits, manufactures power units and remanufactures electrical components, and conducts seminars and training programs specializing in all aspects of teaching people how to implement openbook management. Jack stack and springfield remanufacturing corporation are pioneers of open book management but they dont have exclusive rights to the. Now, in a stake in the outcome, stack offers a master class on creating a culture of ownership. Box ceo aaron levie thinks everyone should read these 2. The great game of business started a business revolution by introducing the world to openbook management, a new way of running a business that created unprecedented profit and employee engagement. Jack stack covers the foundation of openbook management in his interview with jim canfield. Srcs companies do everything from consulting to packaging to building highperformance engines. Stack went to src in 1979 as the plant manager of international harvester after eleven years of direct management experience. Magazine and contributing business writer for the new york times.
He has many great examples, cases, tools for readers to learn. Jack stack barbecue originated in kansas city in 1957, by russ fiorella in a traditional storefront barbecue, with a modest selection of 5 or 6 items. Nationwide delivery jack stack bbq kansas city style. One of the books, the great game of business doubledaycurrency, 1992, introduced the concept of openbook management, has sold more than 300,000 copies, and was named. Jack fiorella, the eldest son, worked with his father until 1974 when he decided to branch off and start fiorellas jack stack of martin city. Jack stacks style of running src holdings, an openbook management company, spurred so much interest in 1984 when inc. The great game of business by jack stack overdrive. I like the philosophy of the book open book management, which has been successfully used by many companies like netflix.
Jack stacks openbook approach is generating intense interest among businesses large and small. What owners need to know about openbook management forbes. He grew up in a big, bluecollar family in elmhurst, illinois, was educated in. This is what makes our approach to business revolutionary. Unm newsroom news jack stack to lecture on open book management.
The roots of openbook management with jack stack and jim. It wasnt dreamed up in an executive think tank or an ivy league. Jack stack is the founder and ceo of src holdings, a company comprising more than 35 separate companies. Magazine in the early 1990s, but it was stack who developed three simple guidelines for open book in the great game of business. When john case and jack stack first introduced the concept of openbook management more than 30 years ago, the intent was to unleash the entrepreneur in every employee and to spur themand their organizationsto better performance. While thats an impressive number, its far short of, say, the 300 million people living in the united states. Stack is founder and ceo of src holdings and has written two books the great game of business and a stake in the outcome which earned him the title father of open book management.
His expertise in using the open book model has helped src holdings corporation start, acquire, and own over 60 small and medium size businesses and created thousands of jobs. A stake in the outcome by jack stack, bo burlingham. Over medium heat, bring beans to a boil, and then reduce to a simmer. The companys innovative style of openbook management financial information is shared. Thats when a green young manager, jack stack, took over and turned it around. Stack bought a troubled engine remanufacturing plant in missouri in 1983.
As part of the currency paperback line, the book includes a users guide an introduction and discussion guide created for the paperback by the author to help readers make practical use of. He is a popular public speaker and a practitioner of the open book model. Jack stack barbecue freight house restaurant kansas. Companies of all sizes are discovering the value of openbook management. Jack stack, author of the great game of business and a stake in the outcome, is a leader in the practice of obm. The great game of business, expanded and updated by jack. The concepts most visible success has been achieved by jack stack and his team at src holdings. Stacks openbook management is the key a system which, as he describes it here, is literally a game, and one so simple anyone can use it. Openbook managements lessons for detroit the new york. The recipient of the 1993 business enterprise trust award, jack speaks throughout the country on the great game of business and open book management. Stacks philosophy, outlined in his book the great game of business, relies on complete transparency with staff. A talent management white paper on the power of openbook. Dine inside or kick back, relax and enjoy our legendary hickoryroasted barbecue with family and friends on our beautiful patio. The revised and updated edition of the great game of business lays out an entirely different way of running a company.
This miracle was brought about by an innovative technique called as open book management system. Reman engines discover engine remanufacturing src reman. The great game of business jack stack, bo burlingham. Jack stack is founder, president and ceo of src holdings corporation. You can find booking and speaking fee information, contacts for booking agent, publicist, agency, manager and biography information on jack stack and other well know individuals for. Jack stack is the president and ceo of the springfield remanufacturing corporation, in springfield, missouri. Jack stacks story is an open book a small ozarks manufacturer has a message for big companies. The great game of business about jack stack and src. A pioneer of the leadership model known as openbook management, stack is the author of two books on the subject, the great game of business and a stake.
Biography of jack stack and speakers bureau with booking information for famous speakers like jack stack. A pioneer of the leadership model known as open book management, stack is. As part of the currency paperback line, the book includes a users guide an introduction and discussion guide created for the paperback by the author to help readers make practical use of the books ideas. Contributing editor jack stack is president and ceo of src holdings corp.
Bill first read about management transparency in the book ownership thinking by brad hams and the great game of business by jack stack. The last time we counted, we found that more than a million people have been touched by openbook management through the src family. Magazine and one of the top 10 minds in small business by fortune small business magazine. About 1,500 companies, including many fortune 500 concerns, have toured src to learn about the merits of disclosing everything to rank. Jack stack barbecue plaza restaurant kansas city, mo.
Book now at jack stack barbecue freight house in kansas city, mo. The great game of business is teaching employees to think and act like owners, using openbook management techniques developed by jack stack. As long as you do those two things, your company is going to be okay, even if you make mistakes along the way. Jack stack barbecue home overland park, kansas menu. A pioneer of the leadership model known as open book management, stack is the author of two books on the subject, the great game of business and a stake in the outcome.
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