Open-Book Management

Open-Book Management (OBM) is a business approach where a company shares its financial and operational information with all employees. Instead of keeping profit and loss details secret, the company educates its workforce about how the business performs and how their roles impact its success. This transparency empowers employees to think like owners, fostering a sense of teamwork and accountability. By involving everyone in understanding the company’s goals and challenges, OBM aims to enhance productivity, motivation, and ultimately, profitability, creating a more engaged and committed workforce.