Using Open Book Management to Build Trust in Your Organization

Published: Nov. 3, 2022, 11 a.m.

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In the age of the great resignation and quiet quitting, it\\u2019s important for businesses to find ways to engage employees and make them feel that they\\u2019re more part of a company than just an employee.

In this episode of By the Books, Lindsay is joined by Chris McKee, President at Venturity Financial Planners to discuss how implementing an Open Book Management System has changed his business and why other businesses should consider the same thing.

Often times companies don\\u2019t feel comfortable opening their books to those that work for them. However, by being honest, it can create an opportunity for employees to feel involved and that they can have a direct impact on the company\\u2019s bottom line. This becomes even more important as the economy takes a turn and employees become more paranoid about the status of their jobs and the company. Chris explains how Open Book Management helped his company retain employees and build trust with their team.

Chris talks about how his business took it a step further by offering an Employee Stock Ownership Program, and how this helped to drastically change the company\\u2019s profit margins.

Chris mentions the book: The Great Game of Business by Jack Stack.

If you\\u2019re interested in learning more about Chris, you can visit: venturity.net or email him at chris@venturity.net.

To reach Lindsay Kline, email info@sakline.com or visit sakline.com. You can also reach them at 866-266-5738.

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