- Hardcover: 256 pages
- Publisher: John Wiley & Sons (6 April 1999)
- Language English
- ISBN-10: 0471322857
- ISBN-13: 978-0471322856
- Product Dimensions: 23.8 x 16.2 x 2.6 cm
- Average Customer Review: 5.0 out of 5 stars See all reviews (2 customer reviews)
- Amazon Bestsellers Rank: 3,743,010 in Books (See Top 100 in Books)
- See Complete Table of Contents
Act Like an Owner: Building an Ownership Culture
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Product Description
Product Description
A complete plan for implementing an ownership program
Act Like An Owner is an action guide to building a culture of employee ownership within an organization. Authors Blonchek and O′Neill, who use this approach as part of their consulting practice, are the first to detail how to implement such a program company–wide. In this book, they introduce the concept of the internal franchise and show how it is much more compelling than employee empowerment. The authors explain how to link each element of the company′s success to the individual employee through the internal franchise framework. They also illustrate how the program helps to elevate the open–book management approach by emphasizing the importance of community and culture.
From the Author
The Foundation for Act Like an Owner
Prior to writing this book and before co-founding my current company (Bottom Line Technical Solutions), I was a founder and executive of a $40 million systems integration firm.
Prior to writing this book and before co-founding my current company (Bottom Line Technical Solutions), I was a founder and executive of a $40 million systems integration firm.
As one of the leaders in this organization, I dedicated myself to ensuring that the company's culture was an Ownership Culture---an entrepreneurial corporate culture that motivates everyone to think and act like business owners and entrepreneurs. I fervently believe this culture based in TRUST, was an important competitive distinction and was a key strategy that propelled our business to success. And it is through this real-life experience building an IT services business that the Act Like an Owner model was born.
During the year or so that Marty and I spent writing this book, we did a lot of speaking and consulting on the Act Like an Owner model. We talked with executives in idustries from consumer products to internet start-ups. Through this process I became even more committed to the Act Like an Owner model and to my belief that companies must develop strategies to fully engange their people. Until more companies develop such strategies, the turn-over rates will continue to climb and the mass movement towards free agency will grow.
Some recent surveys indicate that up to half of the American workforce may become freelancers (or E-lancers) in the new millenium. This shift in the workforce is just one sign that most workers now know and accept that they are in control of their own careers. More importantly, the people embracing free agency aren't turned off by the notion, they're energized by it. Entrepreneurial spirit is alive in America!
Those companies that can adapt to the changing attitudes and expecations of today's worker will excel the rest will fail, it's that simple.
Our goal in writing this book was to crstalize one method of bulding an Ownership Culture. Whether you are a manager within an organization searching for a competitive advantage, or an employee looking for the right employer this book provides a framework for understanding the benefits of thinking and acting like a business owner. We hope you can put many of the ideas to work in your own organization or career. And remember, Act Like an Owner is not academic theory. It is a proven formula for building a successful, modern organization in the information era.
Best wishes for continued success.
Bob Blonchek, CEO Bottom Line Technical Solutions, April 1999
Inside This Book
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Most Helpful Customer Reviews
1 of 1 people found the following review helpful:
5.0 out of 5 stars
Good counsel for building an 'ownership culture.',
By A Customer
This review is from: Act Like an Owner: Building an Ownership Culture (Hardcover)
"This is an important book--regardless if your organization is for-profit or >like mine--a not-for profit healthcare provider. In fact, industry segments >experiencing tremendous growth and change pressures such as healthcare, >financial services, technology goods and services should take this book to >heart. The premise is sound and it's written from a practical, down to earth >standpoint by authors who have successfully 'been there--done that.' > >
5.0 out of 5 stars
Required reading for the leaders of today and tomorrow,
By A Customer
This review is from: Act Like an Owner: Building an Ownership Culture (Hardcover)
Being a colleague of O'Neill and Blonchek for many years I congratulate them on this OUTSTANDING accomplishment. This book is based on real experience with real people producing real results. And in classic O'Neill and Blonchek fashion - it's all there for others to benefit.For anyone serious about success in business today this one is a must read. Congratulations Marty and Bob!
Share your thoughts with other customers: Create your own review
Most Helpful Customer Reviews on Amazon.com (beta) Amazon.com:
4.5 out of 5 stars (6 customer reviews) 22 of 27 people found the following review helpful:
2.0 out of 5 stars
Everything Old Is New Again,
By Jonathan Lehrich - Published on Amazon.com
This review is from: Act Like an Owner: Building an Ownership Culture (Hardcover)
What do you know about a book's authors if they ...* Begin by congratulating themselves for their company's success? * Quote favorable reviews on the first page, particularly from executives whose success stories are cited in the text? * Claim to synthesize "the leading management approaches and business strategies," and then provide virtually no footnotes (15 notes for a 222-page volume)? Robert Blonchek and Martin O'Neill are consultants. Like many consultants not overburdened by humility, they are proud to preach their doctrine and win new converts to their views - and their services. And as experienced public speakers, Blonchek and O'Neill have accustomed themselves to condensing their notions into a few words in large type. When your creed boils down to "run your business like my business", you want to keep your language as simple and transparent as possible. Unfortunately, in the case of Act Like an Owner, simple language has produced simple thinking. The book supports all the right things - empowerment, entrepreneurial spirit, open information, Mom and apple pie - but they don't offer any striking insights or tools to get you there. Their central (tautological) concept, that "the ownership culture is the franchise agreement" within the organization, is like a tenor singing bass: less deep than it sounds. And the book's air of breathless naivete is both endearing and baffling; readers are given standard questions to identify customer needs, for example, and then advised to match the needs to their products' benefits. Elementary, my dear Watson. "Elementary" is in fact the key to this book. Despite its claims to be applicable to large organizations, Act Like an Owner reads like Entrepreneurship 101. It's designed to answer such questions as: * What is an operating model? * Why is empowerment important? * What is a corporate culture? * Why is communication valuable? If you find such questions startling and galvanizing, snap up your copy now. If you answered such questions long ago, or if you find them distractingly rudimentary, move on, perhaps to a book that recognizes the value of the compound-complex sentence. There's nothing new under the sun in Act Like an Owner; whether you enjoy the book will depend on how long you've spent in the shade. 1 of 1 people found the following review helpful:
5.0 out of 5 stars
Required reading for the leaders of today and tomorrow,
By bbrick@groupz.net - Published on Amazon.com
This review is from: Act Like an Owner: Building an Ownership Culture (Hardcover)
Being a colleague of O'Neill and Blonchek for many years I congratulate them on this OUTSTANDING accomplishment. This book is based on real experience with real people producing real results. And in classic O'Neill and Blonchek fashion - it's all there for others to benefit.For anyone serious about success in business today this one is a must read. Congratulations Marty and Bob! 1 of 2 people found the following review helpful:
5.0 out of 5 stars
A truly inspirational book!,
By A Customer - Published on Amazon.com
This review is from: Act Like an Owner: Building an Ownership Culture (Hardcover)
If only more companies would realize the power that lies in creating an ownership culture in their organizations! This book presents a truly common sense approach to empowering employees to think and act like owners of a company. I have never been more motivated and have never enjoyed reading a business book as much as this one! I believe this business philosophy would help make a valuable difference in every organization!
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