“If you give people information, then they can adapt their behavior.”
- Bettina Hein
Financial transparency improves productivity, performance, trust and accountability.
How to implement Open Book Management:
1. Know and teach the rules: Every employee should be given the measures of business success and taught to understand them.
2. Follow the Action & Keep Score: Every employee should be expected and enabled to use their
knowledge to improve performance
3. Provide a Stake in the Outcome: Every employee should have a direct stake in the company's success and in the risk of failure