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This excerpt of John Case's book <i>Open-Book Management: The Coming Business Revolution</i> appeared in the June 1995 issue of <i>Inc</i>. magazine. ]]></brief><keywords/><url>/search/2296.html</url><purchaseUrl/></region><region><id>5323</id><production>1</production><name>Keeping Score</name><brief><![CDATA[Scoreboards that chart the company numbers were popular a decade ago, but slowly fell into disuse. Today, open-book management expert John Case writes, scoreboards are back but they're displaying new types of information. ]]></brief><keywords/><url>/search/945.html</url><purchaseUrl/></region></section><section><id>528</id><name><![CDATA[Helping Employees Understand the Financials]]></name><style>full</style><brief/><bodycolor/><headercolor/><link/><region><id>5325</id><production>1</production><name>How can we teach our employees to understand our business?</name><brief><![CDATA[Leadership &amp; Strategy mentor Keith Lamb suggests developing a train-the-trainer program and then surveying your employees to find out what they already know about the financials.]]></brief><keywords/><url>/search/18071.html</url><purchaseUrl/></region><region><id>5326</id><production>1</production><name>Communication: Open-Book Management 101</name><brief><![CDATA[By role-playing a customer with a fist full of fake dollar bills, this CEO showed his employees where the money from a sale goes - and how little is left over for profits.]]></brief><keywords/><url>/search/1778.html</url><purchaseUrl/></region><region><id>5327</id><production>1</production><name>Using Critical Numbers: An Action Checklist</name><brief><![CDATA[To tap the power of critical numbers -- the numbers that determine your company's success -- employees have to understand them and learn how to move them in the right direction. ]]></brief><keywords/><url>/search/15979.html</url><purchaseUrl/></region><region><id>5328</id><production>1</production><name>The Employee-Run Budget Worksheet</name><brief><![CDATA[When Steve Wilson finally opened the books to employees, he had one proviso: They had to do the budgets. Cost control is great now.]]></brief><keywords/><url>/search/13788.html</url><purchaseUrl/></region></section><section><id>529</id><name><![CDATA[The Risks of Sharing Financials]]></name><style>full</style><brief/><bodycolor/><headercolor/><link/><region><id>5329</id><production>1</production><name>The Limits of Open Books</name><brief><![CDATA[Before sharing sensitive information with employees, consider whether they're ready for it. ]]></brief><keywords/><url>/search/19265.html</url><purchaseUrl/></region><region><id>5330</id><production>1</production><name>Why Open the Books?</name><brief><![CDATA[Two entrepreneurs debate the issues surrounding the sharing of a company's financial information. "Employees used the information against me," says one business owner who now shares fewer numbers.]]></brief><keywords/><url>/search/1879.html</url><purchaseUrl/></region><region><id>5331</id><production>1</production><name>Q&amp;A: Sharing Information with Vendors </name><brief><![CDATA[Sharing timely company data with key vendors can be problematic if they use your numbers as a reason to raise prices.]]></brief><keywords/><url>/search/17192.html</url><purchaseUrl/></region></section><section><id>531</id><name><![CDATA[From Hired Hand to Businessperson: Changing Employee Perceptions]]></name><style>full</style><brief/><bodycolor/><headercolor/><link/><region><id>5343</id><production>1</production><name>Keys to Open-Book Success</name><brief><![CDATA[Two franchise owner-operators share tips on teaching their part-time employees to think like businesspeople.]]></brief><keywords/><url>/search/14436.html</url><purchaseUrl/></region><region><id>5334</id><production>1</production><name>Turn Salespeople into Profit Watchers</name><brief><![CDATA[If they're watching the bottom line, it's sure to improve. ]]></brief><keywords/><url>/search/11179.html</url><purchaseUrl/></region><region><id>5335</id><production>1</production><name>Better Labor/Management Relations </name><brief><![CDATA[Teaching your employees about company finances and giving them a share of profits can improve labor/management relations and increase those profits. ]]></brief><keywords/><url>/search/19240.html</url><purchaseUrl/></region><region><id>5336</id><production>1</production><name>How can you inspire peak performance during crunch times?</name><brief><![CDATA[Try sharing some financial or operating data with key employees. Opening the books has helped turn around plenty of companies such as Omega Point Labs. Here's how.]]></brief><keywords/><url>/search/17840.html</url><purchaseUrl/></region><region><id>5342</id><production>1</production><name>Hiring for an Open-Book Environment</name><brief><![CDATA[One staffing agency screens prospective employees for the traits needed to succeed in an open-book company: trust and the willingness to learn and accept responsibility. The company swears by this useful hiring tool. ]]></brief><keywords/><url>/search/15974.html</url><purchaseUrl/></region></section>   <list>      <id>1582</id>      <title>Open-Book Management</title>      <style>full</style>   </list></configurator><meta><channel><name>Finance and Capital</name><id>2</id>   <subchannel>   <name>Financial Management</name><id>115</id>      <microchannel>      <name>Cost Controls</name><id>1138</id>      </microchannel>   </subchannel></channel><channel><name>Leadership and Strategy</name><id>6</id>   <subchannel>   <name>Leading Your Company</name><id>137</id>      <microchannel>      <name>Open-Book Management</name><id>1321</id>      </microchannel>   </subchannel></channel><channel><name>Human Resources</name><id>3</id>   <subchannel>   <name>Managing Employees</name><id>101</id>      <microchannel>      <name>Motivating Employees</name><id>1009</id>      </microchannel>   </subchannel></channel><keywords/><editor><id>748</id><firstname>Molly</firstname><lastname>Hubbard</lastname><username/><email>Molly_Hubbard@inc.com</email><phone/><url/><image><name>No Image</name><id>14</id><width>1</width><height>1</height></image><company><id>15</id><production>1</production><name>Inc.com</name><address/><city/><state/><country/><url>http://www.inc.com</url><ticker/><relationship><name>No Relationship Exists</name><id>1</id><bizrel/></relationship><companytype><name>Division</name><id>6</id></companytype><image><name>No Image</name><id>14</id><width>1</width><height>1</height></image><imageurl/><bodycopy><![CDATA[Inc.com is an Internet company serving the small-business market. Inc.com's mission is to select and present the best information, Web-based applications, products, and research available to the small-business market, regardless of source. Inc.com has relationships with more than 80 Solutions Providers and content providers (including <i>Inc</i> magazine).<p/>Inc.com LLC is a Delaware limited liability company, headquartered in Boston, Mass.<p/><b><font color="#993300">Inc.com: Where to start and run your business.</font></b>]]></bodycopy></company><title>Production Assistant</title></editor></meta><document><pubdate>February 20, 2003</pubdate><pubdateYMD>20030220</pubdateYMD><moddate>March 06, 2003</moddate><startdate>July 24, 2001</startdate><expiredate>January 01, 2005</expiredate><postdate>July 24, 2001</postdate><title><![CDATA[Open-Book Management]]></title><title-nohtml><![CDATA[Open-Book Management]]></title-nohtml><brief><![CDATA[Explore the pros and cons of opening your books to employees.]]></brief><brief-nohtml><![CDATA[Explore the pros and cons of opening your books to employees.]]></brief-nohtml><owner><id>15</id><production>1</production><name>Inc.com</name><address/><city/><state/><country/><url>http://www.inc.com</url><ticker/><relationship><name>No Relationship Exists</name><id>1</id><bizrel/></relationship><companytype><name>Division</name><id>6</id></companytype><image><name>No Image</name><id>14</id><width>1</width><height>1</height></image><imageurl/><bodycopy><![CDATA[Inc.com is an Internet company serving the small-business market. Inc.com's mission is to select and present the best information, Web-based applications, products, and research available to the small-business market, regardless of source. Inc.com has relationships with more than 80 Solutions Providers and content providers (including <i>Inc</i> magazine).<p/>Inc.com LLC is a Delaware limited liability company, headquartered in Boston, Mass.<p/><b><font color="#993300">Inc.com: Where to start and run your business.</font></b>]]></bodycopy></owner><pagetitle><![CDATA[Inc.com:Guide:Open-Book Management]]></pagetitle><articletype><id>0</id><name/></articletype><pagenumber>0</pagenumber><legacyid/><byline><author><id>1243</id><firstname>Lisa</firstname><lastname>Chadderdon</lastname><username/><email>Lisa_Chadderdon@inc.com</email><phone/><url/><image><name/><id>0</id><width>0</width><height>0</height></image><company><id>0</id><production>0</production><name/><address/><city/><state/><country/><url/><ticker/><relationship><name/><id>0</id><bizrel/></relationship><companytype><name/><id>0</id></companytype><image><name/><id>0</id><width>0</width><height>0</height></image><imageurl/><bodycopy/></company><title/></author><author><id>0</id><firstname/><lastname/><username/><email/><phone/><url/><image><name/><id>0</id><width>0</width><height>0</height></image><company><id>0</id><production>0</production><name/><address/><city/><state/><country/><url/><ticker/><relationship><name/><id>0</id><bizrel/></relationship><companytype><name/><id>0</id></companytype><image><name/><id>0</id><width>0</width><height>0</height></image><imageurl/><bodycopy/></company><title/></author></byline><bodycopy style="simple"><text><![CDATA[<p>"The beauty of open-book management is that it really works. It helps companies compete in today's mercurial marketplace by getting everybody on the payroll thinking and acting like a businessperson, an owner, rather than like a traditional hired hand." So wrote John Case, who was a senior writer at <i>Inc.</i> magazine in 1995 when he coined the phrase "open-book management."</p>  <p>Now, years later, companies are still debating the merits of opening their books to employees and vendors alike. Many tout the benefits, such as improved bottom-line results and employee retention. Still others warn of open-book pitfalls, such as employees using their newfound knowledge against the owners.</p> <p>To help you learn more about the pros and cons, we've created this guide to the best resources available on Inc.com that relate to open-book management. Learn from the experiences of other entrepreneurs before you decide what's best for you and your company.  </p>]]></text></bodycopy><subjects/></document></content>