Open Book Management: Financial Transparency that Transforms

What would happen if every employee in your company understood how the business makes money and how their work impacts the bottom line? That’s the promise of Open Book Management, a powerful approach that transforms financial transparency into a culture of shared ownership, accountability, and innovation. In this episode, Steve Baker of The Great Game of Business joins ProCFO Vaughn Henson to explore how Open Book Management redefines how companies communicate, operate, and grow. Together, they share real-world examples of frontline employees solving problems, improving profitability, and sparking innovation – all because they were invited to understand the numbers behind the business. We explore why financial literacy is a leadership responsibility, how CFOs can play a strategic role in cultural transformation, and how even the smallest idea can lead to significant savings and impact. What shifts when every person on your team starts thinking like an owner? This conversation offers a compelling vision of what’s possible when you open the books and open the door to something bigger. Featuring Steve Baker and Vaughn Henson.