A recent article in The Economist, “Corporate Burlesque,” reminded me of the benefits of open-book management and how social media companies can use it to improve performance. The article discussed the advantages share the company’s financial information with employees to devise scorecards and other tools that show staff how their individual efforts help profitability.
Benefits of open financials
The article highlights several advantages of open-book financials that potentially improve your company’s performance. Continue reading “The benefits of open-book management”