Asked by Reshma Bhuyan on Sep 27, 2024
By definition, open-book management involves stock ownership by every employee, from top to bottom.
Open-Book Management
A business approach where financial and performance data are shared with all employees to foster involvement and accountability.
Stock Ownership
The holding of shares in a company, representing a claim on the company's assets and earnings.
- Understand the fundamentals and procedures of open-book management.
Learning Objectives
- Understand the fundamentals and procedures of open-book management.