I think the reason we are still undecided about the sustainability of the employee-ownership model is simply that there are still significant numbers of business leaders (and, more importantly, business advisors) for whom the idea that allowing employees to earn capital as well as salary and benefits just sounds wrong.
What do veteran ESOP companies have much to teach us about what it takes to sustain employee ownership over the long term?
Beyster Institute Senior Consultant Martin Staubus is teaching a course entitled ‘Management 269: Creating a High-Performing Workplace.’ In this interview, Professor Staubus describes the course’s five themes.
The sustainability debate continues in the employee-ownership community. The fear that employee-owned companies will not be strong enough to survive without significant outside capital, which will end their employee ownership, is still very widespread…
As the baby boom approaches retirement, prospects for employee ownership are ramping up…
Newsletter of The Beyster Institute, helping to build entrepreneurial companies through employee ownership.
It’s all well and good that a shared ownership stake may promote a team orientation, but does teamwork necessarily translate into superior business results?
In its summer, 2003 issue, Business Ethics magazine highlighted ‘The Legacy Problem’ whereby the culture and vision of a number of socially conscious corporations was being lost when the companies were acquired by larger firms.
Ask Don about what it’s like to run a company where the employees are stockholders, and he can wax warm and fuzzy.
The great potential of employee ownership to improve business performance lies in its capacity to bring people together to work as a team toward shared success.
Employee ownership plans transform a company’s culture, because employees adopt the mentality of owners; they work harder and become more involved in process improvement and cost management, causing their company’s net income to increase at a faster rate.
Extending ownership to all employees, involving all in managing the business and tying the compensation to profits brought a renaissance to Alloy Engineering twenty years ago.
Over 25 years, The Davey Tree Expert Company’s employee owners built a good small company into one of the premier companies in its industry, with an entrepreneurial zest for new products and acquisitions. The company’s development would have pleased its inventive founder and provably surprised the family members who sold it to hesitant employees in 1979.
The fifty employee owners of Jet Rubber Company, a manufacturer of custom molded goods and rubber-to-metal parts founded in 1955, celebrated the 10th anniversary of their ESOP in March 2003.
Find a complete archive of the Owners At Work newsletter from the Ohio Center for Employee Ownership at Kent State University (1989-2019).