Great Ideas - Ownership Thinking Brad Hams
Overview
In The Great Game of Business Jack Stack essentially wrote the autobiography of
Springfield Remanufacturing Company, telling the story of SRC’s remarkable
turnaround and on-going exceptional performance.
Brad Hams picks up where Stack’s story leaves off, delving deeper into, not only the
philosophy that drives The Great Game, but also building out the toolbox that
companies can use to implement this type of thinking and behavior.
Subtitled “How to End Entitlement and Create a Culture of Accountability, Purpose and
Profit”, Ownership Thinking provides the framework for building a Great Game-type
organization.
Key takeaways
• Hams asserts that it is fundamentally important to teach people how your company
makes money -- otherwise, they have no sound basis for pushing improvement
• A critical piece of the puzzle is helping everyone understand their impact on the top
and bottom line -- connecting the dots between their role and the company’s results
• There are two key tools to consider in Ownership Thinking: Incentive Plans and Rapid
Improvement Programs (RIPs) -- and both are meant to impact organizational culture,
as well as the bottom line
• Incentive Plans are an important part of a company’s overall compensation system
and they are self-funding: demonstrated improvement leads to specific rewards
• RIPs are the equivalent of Games in The Great Game of Business: specific areas of
focus for performance improvement, e.g. scrap reduction or new customer acquisition
What one thing ... should you try?
A great place to start with Ownership Thinking, after providing your team the necessary
education and background, is by targeting an improvement area and having a group
within the company design and implement a RIP, for instance in Sales or Operations.
One Step Beyond
[email protected]
www.onestepbeyondllc.com
412.849.7261