Zingerman’s set precedent by opening books to employees

Zingerman’s continues to grow and profit by turning traditional businesses beliefs on their heads.Excerpt:Private businesses have traditionally operated from the top down — executives passing along only the information deemed “safe” for employee eyes. But that’s not the case for the nine companies in Zingerman’s Community of Businesses in Ann Arbor.Owners Ari Weinzweig and Paul Saginaw practice open-book management, the business practice of sharing financial and decision-making duties among all employees. “Our employees really get a chance to participate in the business,” Weinzweig said. “They are learning how to manage money and how to run a business.”Read the rest of the story here.