The Zingerman’s Community of Businesses (ZCoB) is a family of ten businesses all located in the Ann Arbor Michigan area and reflects the novel strategy for business growth created by Zingerman’s Deli founders Paul Saginaw and Ari Weinzweig. Rather than replicating their deli through the franchise model, Paul and Ari instead chose to develop new, independent businessesLinks to an external site., all rooted in our local community that work together as one organization.” Zingerman’s mission includes 3 bottom lines: Great Food, Great Service and Great Finance. Their philosophy of Open Book Management espouses that all employees from dishwasher to CEO share and understand the details of their financial performance. http://www.zingermanscommunity.com/about-us/culture/open-book-management/Links to an external site. Does a person's employer share their financial information? How would one as an employee understand what financial performance really means to the organization and to them as an employee? Please suggest one approach that a person would use to explain the different financial concepts in Zingerman’s open book management policy to employees.
The Zingerman’s Community of Businesses (ZCoB) is a family of ten businesses all located in the Ann Arbor Michigan area and reflects the novel strategy for business growth created by Zingerman’s Deli founders Paul Saginaw and Ari Weinzweig. Rather than replicating their deli through the franchise model, Paul and Ari instead chose to develop new, independent businessesLinks to an external site., all rooted in our local community that work together as one organization.”
Zingerman’s mission includes 3 bottom lines: Great Food, Great Service and Great Finance. Their philosophy of Open Book Management espouses that all employees from dishwasher to CEO share and understand the details of their financial performance. http://www.zingermanscommunity.com/about-us/culture/open-book-management/Links to an external site.
Does a person's employer share their financial information? How would one as an employee understand what financial performance really means to the organization and to them as an employee? Please suggest one approach that a person would use to explain the different financial concepts in Zingerman’s open book management policy to employees.
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