Topic: Is Open Book Management Right for You?
Guests: Dan Gordon & Donnie Shelton
In this episode we discuss:
The origin of open book management
The pros and cons of open book management
The two things that can kill a company, according to Donnie
Why Dan argues in favor of showing the whole company gross margin rather than the entire P&L
Why Donnie says showing gross margin or individual department stats aren't enough
The risk of "fat cat syndrome" and how to avoid it
The role of profit sharing
Other concerns to take into consideration
Book: Open-Book Management: The Coming Business Revolution by John Case
EOS (Entrepreneurial Operating System)
Notable: "You need to start with education before you start cracking open your books." —Donnie Shelton
Like what you heard?
Rate and review us on Apple.
Tell a friend in the industry.