Open Book Finance

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Open Book Finance is written by Wayne Baker and published by . It's available with International Standard Book Number or ISBN identification 1616745355 (ISBN 10) and 9781616745356 (ISBN 13).

This case outlines the origins of Open Book Finance, its core elements, and its implementation at Zingerman's Community of Businesses in Ann Arbor, Michigan. Open Book Finance is a philosophy of management developed by Jack Stack, CEO of Springfield Remanufacturing Corporation in Springfield, Missouri. Open Book Finance is based on the premise that business is essentially a game-one that almost anyone can learn to play. As with most games, people must understand the rules; they must receive enough information to follow the action and keep score; and they must have the opportunity to win or lose (have a stake in the outcome). Stack's philosophy was described in his book, The Great Game of Business. This philosophy spawned a movement of like-minded companies (many of whom have regularly attended a "Gathering of Games" conference in St. Louis, Missouri, each spring since 1993) who are dedicated to implementing an Open Book Finance model in their organizations.