How employee ownership can pay bottom-line benefits. Today, more than 25 percent of American workers own stock in their employers. You can shop at employee-owned supermarkets such as Publix, buy Gore-Tex fabric from employee-owned W.L. Gore & Associates, and sip coffee served by employee owners at Starbucks. Now Corey Rosen, John Case, and Martin Staubus present convincing evidence that employee ownership can be much more than just a good benefit program. Done right, it can be the foundation for a new—and more effective—model of management. Drawing on first-hand studies of dozens of companies from large corporations to local retailers, the authors show that the “equity model” enables firms to grow faster and more profitably than conventionally run competitors. Vivid examples of both winning and failed attempts at employee ownership reveal the key concepts that make the model successful, and suggest how managers can adapt these strategies for use in their own companies. This lively and practical guide delivers a sound business case for making employees true partners in a firm’s success.
Recommended Reading
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Equity: Why Employee Ownership Is Good for Business (Hardcover)
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Local Heroes: How Loch Fyne Oysters Embraced Employee Ownership and Business Success
'Inspirational. The model of employee ownership at Loch Fyne Oysters shows what can be achieved when people are empowered and trusted, and fairly rewarded for their efforts' Alex Salmond, First Minister of Scotland 'An extraordinary story of personal commitment and vision which led to commercial success and community achievement. Employee ownership works.' Sir Menzies Campbell 'An interesting and valuable account of employee-owned business based on hard-won experience. There is also much to be learned from this book that is applicable to more conventional business managers.' Sir George Mathewson, Royal Bank of Scotland 'Compelling and inspiring, this is a book about global heroes - people who see the future first and make it happen' Sandy Balfour, chair, Divine Chocolate "David Erdal has taken us to a story of ordinary people creating a company out of the mists of Scotland for the benefit of all the employees. Loch Fyne Oysters is a fabulous business success yet it is as far away from city slickers and fat-cats as you can possibly get. Read it and realise that there is 'another way'.' Andy Law, author of Open Minds' 'As business books go it is in a class of its own. A rip-roaring yarn, always lucidly explained' Oldie 'An engaging, stylish little book!a handbook and manifesto for the gospel of employee-ownership' Financial Times 'Represents the polar opposite of the fast-buck, quick get-out model of private equity buccaneers ... How sweet must be the upside: working in a community and working for the community' Herald 'A welcome beacon of hope' Spectator
"this trust was set up to enable employees to share in the wealth they helped to create" Philip Baxendale
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Baxendale explores the world of employee ownership, examines current thinking, best practice, success stories and latest developments within the sector.
