Book by Jack Stack
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JACK STACK is Founder, President and CEO of SRC Holdings Corporation, a 100% Employee-Owned Company employing over 1200 people, with sales of over $450,000,000. SRC Holdings Corporation operates 31 business units including Joint Ventures with John Deere, Case New Holland and Navistar, and maintains two venture capital incubator funds.
A pioneer of the leadership model known as Open Book Management, Stack is the author of two books on the subject, The Great Game of Business and A Stake in the Outcome. His expertise in using the open book model has helped SRC Holdings Corporation start, acquire, and own over 60 small and medium size businesses and created thousands of jobs since 1983. In addition, SRC Holdings Corporation has increased its stock value 292,000% since 1983.
Jack has been called the “smartest strategist in America” by Inc. Magazine and one of the “top 10 minds in small business” by Fortune Small Business Magazine. Jack is a contributing editor for Inc. Magazine and contributing business writer for The New York Times.
He is a popular public speaker and a practitioner of the open book model. SRC Holdings Corporation has received international recognition because of its success, including the Top 100 Companies to Work for in America, WorldBlu Most Democratic Workplaces, the National Business Ethics Award and the Business Enterprise Trust Award.
Jack has served as a world judge for the Ernst & Young Entrepreneur of the Year Awards Institute and as an advisor for this group since 1998. Jack designed the first ever United Way Entrepreneurial Fund to encourage innovation within the non-profit community. He is the father of five children and grandfather of six.
BO BURLINGHAM is editor-at-large—and former executive editor—of Inc. magazine and chairman of the Small Giants Community (www.smallgiants.org). His book Small Giants: Companies That Choose To Be Great Instead of Big was a finalist for the 2006 Financial Times/Goldman Sachs Business Book of the Year award. His most recent book, co-authored with Norm Brodsky, is Street Smarts: An All-Purpose Tool Kit for Entrepreneurs.
He has also written two books with Jack Stack. The first, The Great Game of Business, was named one of 100 best business books of all time. The second, A Stake in the Outcome, has been called “the first management classic of the new millennium.” Burlingham is currently working on a book about exits. He lives in Oakland, CA, with his wife of 41 years, Lisa. They have two children and three grandchildren.
RICH ARMSTRONG is the president of The Great Game of Business, Inc. and a 20+ year veteran of SRC Holdings Corporation. Rich has been instrumental in the ongoing design and development of the GGOB methodology because of his practical, “first-hand” experience running businesses at SRC. Known for his engaging, down to earth and authentic style, Rich is a popular, versatile speaker and business coach. Rich serves on the board of Court Appointed Special Advocates for children (CASA) and the National Center for Employee Ownership (NCEO). Combined with the love and enjoyment of his family, including two wonderful children, Ryan and Rylee, Rich is an avid musician and will often be found enjoying music in his home studio.
STEVE BAKER is Vice President of The Great Game of Business, Inc., a division of employee-owned SRC Holdings Corporation. Known for his high-energy and engaging message, he has become a top-rated and sought-after speaker, author and coach on topics of Open-Book Management, Strategy & Execution, Business Literacy and Employee Engagement. Steve serves on the Board of the National Center for Employee Ownership as well as the Steering Committee for SRC’s Ownership Culture Initiative. Steve is a career marketing and branding professional and is an award-winning designer. He lives in Springfield, Missouri with his wife, JoAnn, and their three children.
In the early 1980s, Springfield Remanufacturing Corporation (SRC) in Springfield, Missouri, was a near bankrupt division of International Harvester. That's when a green young manager, Jack Stack, took over and turned it around. He didn't know how to "manage" a company, but he did know about the principal, of athletic competition and democracy: keeping score, having fun, playing fair, providing choice, and having a voice. With these principals he created his own style of management -- open-book management. The key is to let everyone in on financial decisions. At SRC, everyone learns how to read a P&L -- even those without a high school education know how much the toilet paper they use cuts into profits. SRC people have a piece of the action and a vote in company matters. Imagine having a vote on your bonus and on what businesses the company should be in. SRC restored the dignity of economic freedom to its people. Stack's "open-book management" is the key -- a system which, as he describes it here, is literally a game, and one so simple anyone can use it. As part of the Currency paperback line, the book includes a "User's Guide" -- an introduction and discussion guide created for the paperback by the author -- to help readers make practical use of the book's ideas. Jack Stack is the president and CEO of the Springfield Remanufacturing Corporation, in Springfield, Missouri. The recipient of the 1993 Business Enterprise Trust Award, Jack speaks throughout the country on The Great Game Of Business and Open Book Management.
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