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Summary: A Stake in the Outcome - Jack Stack and Bo Burlingham
Summary: A Stake in the Outcome - Jack Stack and Bo Burlingham
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Publisher:
Must Read Summaries
DRM:
Watermark
Publication Year:
2013
ISBN-13: 9782806222558
Description:
This work offers a summary of the book "A STAKE IN THE OUTCOME: Building a Culture of Ownership for the Long-Term Success of Your Business" by Jack Stack and Bo Burlingham<br> Jack Stack is president and CEO of SRC Holdings Corporation (formerly Springfield ReManufacturing Corporation), an employee owned company since 1982. Bo Burlingham is editor-at-large of Inc. Magazine. <br>According to Stack and Burlingham, "to succeed in creating an employee-owned and operated company, employees have to be taught how to think and act like owners". A Stake in the Outcome advises business managers to go beyond the traditional ways of rewarding employees, and teaches them how to build a sustainable ownership culture which provides employees with the right tools and attitude to carry out their responsibilities with the goals of the wider company at heart. <br>This guide outlines 14 Rules of Employee Ownership, and systematically addresses each point often illustrated with examples. At the end of this summary you should have a clearer understanding of how to empower your employees with the trust and intelligence they need in order to act in the company’s best interests, without necessarily handing out company shares.