Employee Ownership and the Entrepreneurial Spirit: The Case of HCSS
An overview of the Case of HCSS, also found in the CLEO database.
Taking Stock: Are Employee Options Good for Business?
Many workers view stock options as a way to get a piece of their company’s action and share a stake in its overall performance. But what’s in it for employers?
Client Profile: Los Angeles Engineering
Learn more about a unique engineering company that has been providing critical infrastructure services throughout southern California since 1986…
How to Level the Compensation Playing Field: Employee Ownership
Outrage over pay differentials between company workers and directors is making political waves in Britain. One solution? Employee ownership.
Heavy Construction Systems Specialists, Inc. (HCSS)
Heavy Construction Systems Specialists, Inc. [HCSS] designs and sells hi-tech software to the heavy/highway construction industry. The case describes a unique corporate culture that has made HCSS a business success in a highly competitive industry.
Starting Over in Lexington: Taking Ownership
The folks at our Lexington, Ky. plant are well on their way to becoming owners of their company, all part of our plan to turn the operation around and make it profitable again.
Employee-owned Company Marks 100-year Milestone
The way the McElhanney Group is organized has helped foster a positive, profitable culture. Forty per cent of the key staff, around 320 staff members, own 100 per cent of the shares. Mr. Newcomb says this drives the success of the company collectively.
Challenges of Growth at Protegra
Protegra is a small company established in 1998 in Winnipeg, Manitoba. The company specializes in the area of computer software development and business performance consulting. Protegra features a unique organizational design, characterized by a lack of hierarchy and a collegial, professional culture centred on employee and customer values. Various information systems support Protegra’s design. In the process of expanding into foreign markets and enlarging staff, Protegra has been concerned with preserving its way.
CHART Rehabilitation of Hawaii
Frieda Takaki took a deep breath, filling her senses. She was about to make a very difficult decision. She took off her shoes, placed them next to her desk and started pacing her office barefoot as she was thinking aloud. “I can’t let this business close down,” she whispered. “I have to do something about it.” The answer was now abundantly clear: why wouldn’t the employees buy the business from the owners?
Maui Divers of Hawaii
Maui Divers established its employee ownership plan in 1997. Maui Divers store managers/employee owners embrace the business as their own. Although the final decision belongs to the company management team, store managers excel in increasing sales and they continuously come up with business plans in order to make the business better.
Model Growth: Do Employee-owned Businesses Deliver Sustainable Performance?
This research looks at how employee-owned businesses performed before and during the 2007-2009 recession. This report assesses the financial performance of employee-owned businesses compared with conventionally structured companies where employees do not have a significant stake in ownership or the right to participate in decision-making.
Managing Talent at Bertelsmann AG (A)
Bertelsmann’s EVP HR Immanuel Hermreck and his team were focused on four key HR issues. Three of these were somewhat discreet: improving Bertelsmann’s employer brand; managing Bertelsmann talent across the firm’s decentralized businesses; and ensuring early identification and appropriate development of Bertelsmann’s top 100 high potential managers (hi-pos) to better seed the company’s future top management. The fourth issue-recruitment and retention-played an integral role across all three challenges and had to be strengthened and made consistent across the firm, not an easy prospect given Bertelsmann’s highly decentralized structure.
Building a System of Trust: Ten Hidden Secrets of Success in Employee-Owned Companies
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.
Teams, Not Stars, Are the Key to High Performance
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?
Breaking The Mold
What is workplace democracy? Workplace democracy is generally understood as the application of democratic practices, such as voting, debate and participatory decision-making systems, to the workplace.
The Foundation for Enterprise Development
The FED was established to promote the concept of broad-based, participative employee ownership and entrepreneurism and actively funds inter-disciplinary research and development of business school and engineering curricula.
Employee Ownership: A Topic for the Entrepreneurship Curriculum
This Teaching module shows four areas in the entrepreneurship curriculum where teaching about employee ownership can 1) put a needed spotlight on this widespread and useful practice and 2) add conceptual value and rich examples for the course topics being taught…
Owners as Stewards: What Determines Employee Ownership of Institutional Investment Management Firms?
We examine how employee ownership is used to solve the agency problem between institutional investment management firms and employees.
From Colleagues to Owners: Transferring Ownership To Employees
Based on ten case studies, the report explains what motivated a highly diverse mix of businesses to consider employee ownership as a succession or start up route.
Incentives, Targeting and Firm Performance: An Analysis of Non-Executive Stock Options
We examine whether options granted to non-executive employees affect the performance of the firm by exploring the link between broad-based option plans, option portfolio implied incentives, and firm operating performance.
Communications Company Practises Full Disclosure and Transparency When Implementing ESOP
The Toronto-based advertising and communications agency recently implemented an employee share ownership plan (ESOP), that has allotted 49 per cent of the company’s shares to potential and existing staff members.
Employee Share Ownership Plans: A Review
This paper reviews the main strands of research on employee share ownership over the last forty years.
Making Employee Ownership Work: A Benchmark Guide
‘Making employee ownership work’ is a new guide from the Employee Ownership Association and co-ownership advisers the Baxi Partnership, based on a survey of 25 EOA member companies including John Lewis, Unipart, Arup and Mott MacDonald.
Psychological Ownership: Theoretical Extensions, Measurement and Relation to Work Outcomes
First, the authors developed a scale for psychological ownership with four components — self-efficacy, accountability, sense of belongingness, and self-identity. Second, they correlated it with transformational leadership, organizational citizenship behavior, organizational commitment, workplace deviance, intentions to stay, and job satisfaction. All the correlations were in the predicted direction. The authors concluded that integrating psychological ownership … Read More
NHS Mutual: Engaging Staff and Aligning Incentives to Achieve Higher Levels of Performance
The report, on which EOA advised, concludes that employee ownership of the kind pioneered by Central Surrey Health has a valuable role to play but needs support from policy makers.