Management of Engineering & Technology
The principal goal of open-book management is to "create a business of business-people." Like TQM, reengineering, and building the learning organization, open-book management attempts to radically change the way business is done to drastically improve an organization's position. Unlike reengineering where the motivation comes from an inspiring leader, the power of open-book management comes from the employees motivate themselves by understanding the relationship between their actions and the company's financials. The company implementing open-book management is committing to teach its people to speak the language of business. Once they understand the language they can begin to contribute to the organizations mission, objectives, and goals.
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Fant, Karla Steinbrugge; Gribble, Ted; Juline, Ed; Scotti, Vikki; Tran, Alex; and Woolridge, Robert, "Open-Book Management" (1995). Engineering and Technology Management Student Projects. 1071.