Our firm, 40Digits, has always operated a little outside the box. This is true even for the way we run the company. (And by we, I mean the collective we, because all of our employees or “Digits” play an important role in running the company.)
We practice Open-Book Management, and have since 2013. 40Digits journey into Open-Book Management began when we met the team at The Great Game of Business, Inc. (GGOB) in 2010. We developed their conference website and this year, for the first time, we are speaking at the conference as practitioners of Open-Book Management and The Great Game of Business.
Making the decision to implement The Great Game of Business (GGOB) is a big one. If you’ve been a follower of The Great Game of Business, Inc. for a while, you know the benefits of running your organization this way.
The Great Game of Business approach is simple, it’s just not easy. It involves teaching employees at every level of the business to think and act like business owners, and being brave enough to empower them to do so. If you’re considering a DIY approach to getting started, below are a few valuable lessons we learned in the process.
3 DIY Implementation Lessons Learned
You might pull the wrong lever.
It’s easy to focus on what you believe is the right metric without recognizing the potential outcome of focusing on that metric. Meaning, by focusing on “X” you may negatively impact “y”. This is exceptionally critical when it comes to determining the components of your bonus program.
Your team has to understand the “why”.
As a business owner or leader, you have context into the big picture. It’s important that you provide your team with the same context so they understand why a change needs to be made or focus should be put on one area of the business. This way change isn’t viewed as simply a top-down directive.
You have to be willing to be real.
Depending on your perspective, sharing the extremes that happen in business may be challenging. It’s important that your team doesn’t get the watered-down or rosey view. Celebrate and reward the good and take time to discuss the bad. Both are great learning opportunities and transparency is one of the biggest drivers of employee engagement.
Our team has learned so much about business and one another through this experience. We look forward to sharing the some of the untold stories throughout our journey into The Great Game of Business and more valuable lessons learned at the annual conference on Open-Book Management coming up September 7–9, 2016 in Dallas, TX.
For more information about the conference visit:
We hope to see you there!