Concept information
Preferred term
open-book management
Definition
- Open-book management (OBM) refers to a system in which a company fully shares its financial status with its employees, who then become active partners in a synchronized effort to optimize future financial performance. The origins of OBM can be traced to Springfield ReManufacturing Corp. [Source: Encyclopedia of Business Ethics and Society; Open-Book Management]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/open-book_management
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