December 7th 2004

A Stake in the Outcome. Jack Stack

A Stake in the Outcome. Jack Stack.2003. ISBN 0385505094. The sequel to The Great Game of Business. More stories about the benefits of open book management and what has to be done for employee owned businesses to become something greater than just a good job. This has been going successfully at Stack’s Co. SRC for twenty years. He has simple four elements for a creating successful business. You need a cash flow generator (customer with needs), an overhead absorber (profitable product) , guaranteed cash flow (first two together), and build value through diversification. There is much more to learn from this book including how to have a ferociously motivated workforce. This is a keeper. Very easy read.

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