A Stake in the Outcome (Review and Analysis of Stack and Burlingham's Book)
()
About this ebook
This complete summary of the ideas from Jack Stack and Bo Burlingham's book "A Stake in the Outcome" shows that to succeed in creating an employee-owned and operated company, employees have to be taught how to think and act like owners. This summary 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. This summary outlines fourteen 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.
Added-value of this summary:
• Save time
• Understand the key concepts
• Increase your business knowledge
To learn more, read "A Stake in the Outcome" and discover the rules of employee ownership.
Read more from Business News Publishing
Leaders Eat Last (Review and Analysis of Sinek's Book) Rating: 5 out of 5 stars5/5The 12 Week Year (Review and Analysis of Moran and Lennington's Book) Rating: 5 out of 5 stars5/5DotCom Secrets (Review and Analysis of Brunson's Book) Rating: 4 out of 5 stars4/5Good Strategy Bad Strategy (Review and Analysis of Rumelt's Book) Rating: 3 out of 5 stars3/5The One Page Business Plan (Review and Analysis of Horan's Book) Rating: 5 out of 5 stars5/5What They Don't Teach You at Harvard Business School (Review and Analysis of McCormack's Book) Rating: 4 out of 5 stars4/5Rocket Fuel (Review and Analysis of Wickman and Winter's Book) Rating: 5 out of 5 stars5/5The 4-Hour Workweek (Review and Analysis of Ferriss' Book) Rating: 4 out of 5 stars4/5How to Master the Art of Selling (Review and Analysis of Hopkins' Book) Rating: 0 out of 5 stars0 ratingsUnderstanding Financial Statements (Review and Analysis of Straub's Book) Rating: 5 out of 5 stars5/5The 80/20 Principle (Review and Analysis of Koch's Book) Rating: 4 out of 5 stars4/5Multipliers (Review and Analysis of Wiseman and McKeown's Book) Rating: 0 out of 5 stars0 ratingsThe Fifth Discipline (Review and Analysis of Senge's Book) Rating: 0 out of 5 stars0 ratingsTo Sell Is Human (Review and Analysis of Pink's Book) Rating: 5 out of 5 stars5/5The Mckinsey Mind (Review and Analysis of Rasiel and Friga's Book) Rating: 4 out of 5 stars4/5Switch (Review and Analysis of the Heath Brothers' Book) Rating: 5 out of 5 stars5/5The Ultimate Sales Machine (Review and Analysis of Holmes' Book) Rating: 4 out of 5 stars4/5The Sandler Rules (Review and Analysis of Mattson's Book) Rating: 5 out of 5 stars5/5Execution (Review and Analysis of Bossidy and Charan's Book) Rating: 0 out of 5 stars0 ratingsTraction (Review and Analysis of Weinberg and Mares' Book) Rating: 5 out of 5 stars5/5The Speed of Trust (Review and Analysis of Covey's Book) Rating: 5 out of 5 stars5/5Talent Is Overrated (Review and Analysis of Colvin's Book) Rating: 0 out of 5 stars0 ratingsThe One Thing (Review and Analysis of Keller and Papasan's Book) Rating: 5 out of 5 stars5/5The HR Scorecard (Review and Analysis of Becker, Huselid and Ulrich's Book) Rating: 5 out of 5 stars5/5Start Late, Finish Rich (Review and Analysis of Bach's Book) Rating: 4 out of 5 stars4/5Built to Sell (Review and Analysis of Warrilow's Book) Rating: 4 out of 5 stars4/5Ready, Fire, Aim (Review and Analysis of Masterson's Book) Rating: 5 out of 5 stars5/5No Excuses! (Review and Analysis of Tracy's Book) Rating: 5 out of 5 stars5/5The CashFlow Quadrant (Review and Analysis of Kiyosaki and Lechter's Book) Rating: 0 out of 5 stars0 ratingsNegotiation Genius (Review and Analysis of Malhotra and Bazerman's Book) Rating: 4 out of 5 stars4/5
Related to A Stake in the Outcome (Review and Analysis of Stack and Burlingham's Book)
Related ebooks
Summary: A Stake in the Outcome: Review and Analysis of Stack and Burlingham's Book Rating: 0 out of 5 stars0 ratingsInvisible Advantage (Review and Analysis of Low and Kalafut's Book) Rating: 0 out of 5 stars0 ratingsSummary of Scaling Up: by Verne Harnish | Key Takeaways & Analysis Rating: 5 out of 5 stars5/5The Seven-Day Weekend (Review and Analysis of Semler's Book) Rating: 5 out of 5 stars5/5Profitable Growth Is Everyone's Business (Review and Analysis of Charan's Book) Rating: 0 out of 5 stars0 ratingsDirect from Dell (Review and Analysis of Dell and Fredman's Book) Rating: 0 out of 5 stars0 ratingsRepeatability (Review and Analysis of Zook and Allen's Book) Rating: 0 out of 5 stars0 ratingsRocket Fuel (Review and Analysis of Wickman and Winter's Book) Rating: 5 out of 5 stars5/5Bulletproof Your Business: How To Survive And Thrive In Any Economy Rating: 0 out of 5 stars0 ratingsSummary: Richard Branson: Review and Analysis of Brown's Book Rating: 0 out of 5 stars0 ratingsSmart Leaders, Smarter Teams: How You and Your Team Get Unstuck to Get Results Rating: 5 out of 5 stars5/5UpSolutions: Turning Teams into Heroes and Customers into Raving Fans Rating: 0 out of 5 stars0 ratingsSummary: BusinessThink: Review and Analysis of Marcum, Smith and Khalsa's Book Rating: 0 out of 5 stars0 ratingsCollapse of Distinction (Review and Analysis of McKain's Book) Rating: 0 out of 5 stars0 ratingsThe Nordstrom Way (Review and Analysis of Spector and McCarthy's Book) Rating: 5 out of 5 stars5/5Beliefs, Behaviors, and Results: The Chief Executive's Guide to Delivering Superior Shareholder Value Rating: 0 out of 5 stars0 ratingsSeven Secrets of Great Entrepreneurial Masters: The GEM Power Formula For Lifelong Success Rating: 0 out of 5 stars0 ratingsReality Check (Review and Analysis of Kawasaki's Book) Rating: 0 out of 5 stars0 ratingsThe a B C’S of Site Selection: How to Pick Winners and Avoid Losers Rating: 0 out of 5 stars0 ratingsSo You Want to Buy a Small Business Rating: 0 out of 5 stars0 ratingsMaximizing Revenue & Margin from your Existing Customers in Recession & Recovery Rating: 0 out of 5 stars0 ratingsSummary of Jay Samit's Future Proofing You Rating: 0 out of 5 stars0 ratingsFrom Worst to First (Review and Analysis of Bethune's Book) Rating: 0 out of 5 stars0 ratingsLead Great Virtual Meetings: The Steps You Need to Succeed Rating: 0 out of 5 stars0 ratingsBook Review: Good to Great by Jim Collins: Learn how companies achieve excellence Rating: 5 out of 5 stars5/5Alignment (Review and Analysis of Kaplan and Norton's Book) Rating: 0 out of 5 stars0 ratingsDouble-Digit Growth (Review and Analysis of Treacy's Book) Rating: 0 out of 5 stars0 ratingsWinning Behavior (Review and Analysis of Bacon and Pugh's Book) Rating: 0 out of 5 stars0 ratingsThe Power of We (Review and Analysis of Tisch and Weber's Book) Rating: 0 out of 5 stars0 ratings
Management For You
Crucial Conversations: Tools for Talking When Stakes are High, Third Edition Rating: 4 out of 5 stars4/5The 12 Week Year: Get More Done in 12 Weeks than Others Do in 12 Months Rating: 4 out of 5 stars4/5How to Get Ideas Rating: 5 out of 5 stars5/5Summary of The Laws of Human Nature: by Robert Greene - A Comprehensive Summary Rating: 4 out of 5 stars4/5Spark: How to Lead Yourself and Others to Greater Success Rating: 5 out of 5 stars5/5I Moved Your Cheese: For Those Who Refuse to Live as Mice in Someone Else's Maze Rating: 5 out of 5 stars5/5The Coaching Habit: Say Less, Ask More & Change the Way You Lead Forever Rating: 4 out of 5 stars4/5The Ideal Team Player: How to Recognize and Cultivate The Three Essential Virtues Rating: 4 out of 5 stars4/5The 7 Habits of Highly Effective People: 30th Anniversary Edition Rating: 5 out of 5 stars5/5The Five Dysfunctions of a Team: A Leadership Fable, 20th Anniversary Edition Rating: 4 out of 5 stars4/5The 5 Languages of Appreciation in the Workplace: Empowering Organizations by Encouraging People Rating: 4 out of 5 stars4/5Principles: Life and Work Rating: 4 out of 5 stars4/5The 360 Degree Leader Workbook: Developing Your Influence from Anywhere in the Organization Rating: 4 out of 5 stars4/5Company Rules: Or Everything I Know About Business I Learned from the CIA Rating: 4 out of 5 stars4/5The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers Rating: 4 out of 5 stars4/5Good to Great: Why Some Companies Make the Leap...And Others Don't Rating: 4 out of 5 stars4/52600 Phrases for Effective Performance Reviews: Ready-to-Use Words and Phrases That Really Get Results Rating: 3 out of 5 stars3/5Emotional Intelligence Habits Rating: 5 out of 5 stars5/5The Four Obsessions of an Extraordinary Executive: A Leadership Fable Rating: 5 out of 5 stars5/5Built to Last: Successful Habits of Visionary Companies Rating: 4 out of 5 stars4/5Extreme Ownership: How U.S. Navy SEALs Lead and Win | Summary & Key Takeaways Rating: 4 out of 5 stars4/5Managing Oneself: The Key to Success Rating: 4 out of 5 stars4/5Quiet Leadership: Six Steps to Transforming Performance at Work Rating: 4 out of 5 stars4/5How to Start a Nonprofit Organization: The Complete Guide to Start Non Profit Organization (NPO) Rating: 4 out of 5 stars4/5The First-Time Manager Rating: 3 out of 5 stars3/5Multipliers, Revised and Updated: How the Best Leaders Make Everyone Smarter Rating: 4 out of 5 stars4/5The New One Minute Manager Rating: 5 out of 5 stars5/5
Reviews for A Stake in the Outcome (Review and Analysis of Stack and Burlingham's Book)
0 ratings0 reviews
Book preview
A Stake in the Outcome (Review and Analysis of Stack and Burlingham's Book) - BusinessNews Publishing
Book Presentation
A Stake In The Outcome by Jack Stack and Bo Burlingham
Summary of A Stake In The Outcome (Jack Stack and Bo Burlingham)
Book Abstract
MAIN IDEA
Can an employee-owned company function as effectively as a company run by professional managers for its owners?
Conventional wisdom says no
, but a growing number of companies would say yes
. The key, however, is not simply to pay performance bonuses, hand out stock options or even just to set up an employee stock ownership plan. To succeed in creating an employee-owned and operated company, employees have to be taught how to think and act like owners. In short, an ownership culture needs to be fostered within the business organization. Achieve that and your company can and will consistently outperform the market.
To build a sustainable ownership culture, employees need to be provided with two things:
The right tools for the job – which will mean training in how to read and understand the financials of the business.
The right attitudes for the job – consisting of a willingness to innovate and optimize continually.
Many people confuse open book management
with building an ownership culture. They assume that if a company discloses all the critical financial information to its employees, they will automatically act in the best interests of the company. The only problem with that idea is that most employees have a fairly basic grasp of financial reporting. Consequently, even if they have access to more complete financial information, they have no experience in interpreting that information in meaningful ways. In addition, most employees tend to be process focused – they look at their operational part of the business and understand what’s required there but are unable to relate those operational issues to the broader operation of the company as a whole.
To illustrate how well an employee-owned company can perform, consider the example of Springfield ReManufacturing Corporation (SRC) based in southwestern Missouri. In 1983, 13 employees led by CEO Jack Stack invested $100,000 to buy the factory where they worked. At that time, the company had sales of $16 million, 119 employees and each share of SRC stock