Open Book Management (OBM)
Application
OBM is applicable to any business environment in which making money, creating wealth, delivering quality products and services, and recruiting and retaining the best people are desired.
An OBM system exists in many varying forms and varying degrees – all dependant on the optimal configuration for a particular business.
In its purest form, OBM is providing all information to all team members. In some situations this is not practical, or the business is not ready for an OBM system.
That does not mean that some of the benefits of an OBM system cannot be achieved now.
Certain elements of the OBM process can be adopted without implementing a full OBM system - "mini-games” for example. A mini-game involves targeting specific issues or problems within the organisation, designing a game to correct it, establishing appropriate reports to monitor it, and putting in place an incentive scheme, thereby creating "ownership”. In this way team members become interested in, and can begin to experience, OBM.
If you are interested in further information or would like to come in and see one of our professionals, please contact us.
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