Jack Stack, author of The Great Game of Business, will make a presentation to the UMass Dartmouth Family Business Center on Wednesday, February 20. This session will run from 3 to 6 p.m. at White’s of Westport, 66 State Road. Any business interested in this topic or in the Family Business Center is encouraged to attend. There is no charge for attending one meeting.
Stack, president and CEO of Springfield Remanufacturing Company (SRC), will introduce the concepts and philosophy of his company's revolutionary system of open -book management.
Open-book management is about empowering employees by teaching them to understand the business financials-- a scary concept but one that really works. It gets employees to think and act like an owner of the business rather than a hired hand, and ultimately helps them to develop their hidden talents. Educating, motivating and exciting employees can help to make any business more successful. Stack will talk about the lessons that he has learned from actually implementing this system of management within his company.
This presentation will be packed with lessons, tips, caveats, and stories from real-life, hands-on experience. Ira Bryck, director of the Family Business Center at UMass Amherst, said that Jack’s presentation was one the best that the center has ever hosted.
The Family Business Center, in its sixth year, provides information to family businesses in southeastern Massachusetts on issues such as succession planning and governance among family members. With Fleet as its lead sponsor, the Center combined the practical knowledge and experience of southern New England’s most successful businesses with the resources of the area’s largest academic institution.
Local businesses Edwards and Angell LLP, The Feitelberg Company, MassMutual, Moore and Isherwood, Inc., and O’Connor & Drew P.C., along with legal resource affiliate, the Southern New England School of Law, also provide support to the Family Business Center.
For information on programs and membership, contact Executive Director John Bullard at (508) 999-8895.