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Jerry, I totally agree that things could always be better and that incentives are the key to this. There is a business concept from the 80s called 'open book
by LarryV 18y ago
Jerry,
I totally agree that things could always be better and that incentives are the key to this. There is a business concept from the 80s called 'open book management' where everyone in the company sees where all the money goes. This is more transparency than even public companies have.
I think it could be a technique that would get everyone from accounting to IT more involved in the business. I also think there needs to be much shorter expectations of how long someone will work for a company. Hollywood is on to something with the way they bring together small teams to make a film that then disband and reform in a new configuration for the next film. I wonder what would happen if every person in the company had to choose each year whether they want to continue with the company. They would in effect have a one year job. This might make their sense of urgency and priority for the 52 weeks within that year much more focused. It might also form a company with much more dedicated people who really want to be there.