Open Book Management (OBM) means the opening of the financial statements of the company for all employees and provide education that allows them to understand how the company makes money and how their actions affect the bottom line. This method of control without reserve, which includes all employees, focusing on how to develop a business with profit. Experience Manco, Inc, the average supplier of branded consumer products for the retail and office product channels, illustrates four basic steps OBM: 1) get the information out there, 2) teach the basics of finance and business, and 3) to allow people to make decisions based on what what they know, and 4) ensure that all share directly in the success of the company as well as its failure, with the objectives of net income and return on operating assets. With technological changes transforming the business and the simultaneous increase of intangible assets and human capital as a source of wealth, OBM has to find its place in the business world. "Hide
by Raj Aggarwal, Betty J. Simkins Source: Business Horizons 9 pages. Publication Date: September 15, 2001. Prod. #: BH063-PDF-ENG
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