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#156: The Great Game of Business – The Only Sensible Way to Run a Company
If you need to change the game of your business, increase its value, and create a culture where everyone is moving in the same direction, take a listen to this episode. Today, I talked with Jack Stack (author of “The Great Game of Business”).
Jack did hard time. And by that he means, he dealt with hard decisions back in 1983 when he and 12 other managers were desperately trying to save the jobs of 112 people at International Harvester. Together, they were able to scrape together $100,000 and used it as a launch pad, in order to transform International Harvester into SRC Holdings Corporation, which is a thriving company with 100x the employees that International Harvester once had. With 1,600 engaged employees working to operate 14 business units across the country, they’re now managing over $600 million in sales. Listen to Jack’s story about how he helped save the jobs of hundreds of people, and created one of the most successful companies in remanufacturing.
What you will learn:
The story of SRC Holdings and its origin story
How transparency can build a strong business
What happens when you teach people the fundamentals of business
How to convert a tremendous amount of debt into equity
The importance of teaching employees instead of juggling cash
Business is no different than a game of Monopoly
There isn’t anyone teaching people how business works, when that’s really what they need.
How the great game of business works
The importance of building the confidence of your employees
You can’t have values without performance
The importance of teaching people debt
With information comes responsibility
The power of delegation
Retention will be the key to succeeding in the future
Why it is important to talk to other entrepreneurs
The importance of vulnerability in a company
Takeaways:
Why not play the right game? Are you struggling with the same things that other entrepreneurs are struggling with? Why not get everyone on board? Why is transparency so important?
Links and Resources:
Jack Stack and “The Great Game of Business”: https://www.greatgame.com/jack-stack
Twitter: https://twitter.com/Gr8GameBusiness
Instagram:
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By Arkona - Intentional GrowthIf you need to change the game of your business, increase its value, and create a culture where everyone is moving in the same direction, take a listen to this episode. Today, I talked with Jack Stack (author of “The Great Game of Business”).
Jack did hard time. And by that he means, he dealt with hard decisions back in 1983 when he and 12 other managers were desperately trying to save the jobs of 112 people at International Harvester. Together, they were able to scrape together $100,000 and used it as a launch pad, in order to transform International Harvester into SRC Holdings Corporation, which is a thriving company with 100x the employees that International Harvester once had. With 1,600 engaged employees working to operate 14 business units across the country, they’re now managing over $600 million in sales. Listen to Jack’s story about how he helped save the jobs of hundreds of people, and created one of the most successful companies in remanufacturing.
What you will learn:
The story of SRC Holdings and its origin story
How transparency can build a strong business
What happens when you teach people the fundamentals of business
How to convert a tremendous amount of debt into equity
The importance of teaching employees instead of juggling cash
Business is no different than a game of Monopoly
There isn’t anyone teaching people how business works, when that’s really what they need.
How the great game of business works
The importance of building the confidence of your employees
You can’t have values without performance
The importance of teaching people debt
With information comes responsibility
The power of delegation
Retention will be the key to succeeding in the future
Why it is important to talk to other entrepreneurs
The importance of vulnerability in a company
Takeaways:
Why not play the right game? Are you struggling with the same things that other entrepreneurs are struggling with? Why not get everyone on board? Why is transparency so important?
Links and Resources:
Jack Stack and “The Great Game of Business”: https://www.greatgame.com/jack-stack
Twitter: https://twitter.com/Gr8GameBusiness
Instagram: