Open-Book Management

Open-book management (OBM) refers to a system in which a company fully shares its financial status with its employees, who then become active partners in a synchronized effort to optimize future financial performance. The origins of OBM can be traced to Springfield ReManufacturing Corp. (SRC). Formerly a failing division of International Harvester, SRC was purchased in 1983 by its plant manager, Jack Stack, and 13 other executives. They paid $9 million for the plant, depositing $100,000 as a down payment and and a world community. Finally, many argue that rights to intellectual property, however important for innovation, often conflict with human rights, with the issue of poor people's access to drugs in developing nations frequently raised. [Page 1542]amassing a debt-to-equity ratio of 89:1. Recognizing that ...