Does open-book really work?(Open-Book Management)

Chief Executive (U.S.) | July 1, 1999| | Copyright

Call it just another flavor-of-the-month management theory, if you like - one that sounds nice in theory, but is prohibitively complicated in practice. But the diehard fans of Open-Book Management (OBM) may have a bone to pick with you. OBM, they say, has enabled companies that were otherwise hard-pressed to motivate employees to light a collective motivational fire beneath their weary workforces.

In 1983, International Harvester Corp. (IHC), then a Fortune 100 company, was in serious financial trouble. One of its divisions, an engine remanufacturing facility, was ...

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