by: Beyster, Mary Ann; Tremel, Wayne
Employee ownership can be a tough proposition. But if you have really want to empower employees and push decision-making down to the grass roots, creating a decentralized, network-based company that values input from everyone, it is a model that can deliver tremendous benefits.
As Mary Ann Beyster, President of the Foundation for Enterprise Development, explains in this podcast from Management-Issues.com, the employee involvement that characterizes companies with broad-based ownership tends to result in greater transparency and open-book management. And the knowledge that every individual can influence the direction of the company also produces a different dynamic, often with very high energy levels.
To disseminate the message about employee ownership, a new project has been launched by the Foundation for Enterprise Development, the Aspen Institute Center for Business Education and the Foundation for Enterprise Development and the Employee Ownership Foundation.
Between them, these institutions have created of a Curriculum Library on Employee Ownership which represents the largest collection of university teaching materials on employee ownership—including such areas as broad-based equity compensation and shared capitalism.
Link: Audio: The Working Week 78
Publication Date: 2008-11-18