The first chapter of the book "The Great Game of Business" by Jack Stack, published in 1992, lays the groundwork for his revolutionary approach to business management. Stack argues that the laws of business are basic, common-sense rules that most readers will have heard from a boss or even a parent. These laws apply not only to business managers, but to anyone who cares about running an honest and fair organization. These laws are relevant from the bottom of an organization to the top.

Therefore, the first chapter serves as an introduction to these concepts and sets the tone for the rest of the book, which focuses on how to apply these laws in business practice.

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The Great Game of Business

The laws of business this book teaches are basic, common sense rules that most readers will have heard either from a boss or maybe even a parent! The...

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teaches the laws of business are basic, common-sense rules that most readers will have heard either from a boss or maybe even a parent! The laws apply not only to business managers but to anyone that cares about running an honest and fair organization. These laws are relevant from the bottom of an organization to the top.

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The themes of "The Great Game of Business" are highly relevant to contemporary issues and debates in the business field. The book emphasizes the importance of basic, common-sense business rules, which are applicable to all levels of an organization. These principles, such as running an honest and fair organization, are timeless and universally applicable, making them relevant to current business discussions. Furthermore, the book's focus on empowering employees and promoting transparency aligns with modern business trends towards increased employee engagement and corporate social responsibility.

1. Open-Book Management: This concept encourages transparency in business operations. All employees have a clear understanding of the company's financial situation, which fosters a sense of ownership and responsibility.

2. The Critical Number: This is a single, operational or financial number that represents a primary weakness or opportunity for the company. It's a focus point for all employees.

3. MiniGames: These are short-term, focused improvement initiatives that involve all employees. They are designed to correct a weakness or pursue an opportunity in the company.

4. Stake in the Outcome: Employees are rewarded based on the success of the business. This can be in the form of profit sharing, equity, bonuses, or other incentives.

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