Developing a new languageĬhanging the game by teaching people the game of business works. Everyone sleeps better at night because they know they can arrive at solutions by working together. It’s amazing how freeing it is to trust in and share information with employees. Leaders need to understand the power of trust.
When you teach and share the numbers with everyone in the company, three things happen: you inspire trust and confidence people engage in creating their vision of the future, and the entire organization unites around shared goals. These are among the many tensions in business today that could quickly be resolved through transparency and financial education. This leads to a lack of understanding on both sides - and results in resentments and mistrust. Meanwhile, owners don’t think their associates understand all of the liabilities or risks they’ve taken on. In closed-book companies, associates often assume that all of the profits go into the owners’ pockets. But that can only happen when they truly understand the financials that they have a part in creating. By opening the books and embracing transparency, we give our associates the information they need to make the best decisions. To do that, we’ve tried to eliminate the fear people have that they can’t understand business. When we tell people the truth, we build a foundation of trust for the company to stand on going forward in good times and bad.
#Eco global survival game and a leader how to
The whole idea of transparency and financial literacy teaches people how to succeed even during the worst of times. They are taught the tools needed to take control of their destinies and are empowered to develop plans that create and protect their jobs and help grow the company.
We call this open-book leadership system, “The Great Game of Business.” Our end goal has always been to build a business of businesspeople who think and act like owners. Every associate in our corporation is taught how to speak the language of business. In our corporation, we’ve spent more than 40 years trying to rectify that. We have a vast knowledge gap in our country when it comes to financial literacy. To save the American Dream, which is about opportunities that create a greater quality of life for everyone, we need to teach people the basics of financial and business literacy. Now is the time to have an open and honest conversation about the pivotal role that businesses play in employing people and building wealth. It’s time to rethink the status quo and explore new ideas. We have a unique excuse to evaluate where we stand. The crisis has given us the chance to rethink how to bridge the gaps in our society that separate the haves from the have-nots. Now is our opportunity for a reset - we need to change the game. We need something positive to rally around and look to as we go through these monumental changes. We’re all wondering when businesses can recover and begin hiring again. The long-term impact of so many unemployed people creates uncertainty everywhere, from our local neighborhoods and downtowns to state and federal agencies. These shockwaves aren’t expected to subside anytime soon. The combination of the virus, the ongoing social outcries, protectionism, and trade wars have rocked our great entrepreneurial nation’s very foundation.
A growing number of small business owners have been forced to close their shops through no fault of their own. Millions of Americans are out of work as a result of the pandemic.