Employee Ownership: The New Source of Competitive Advantage - Hardcover

Beatty, Carol A.; Schachter, Harvey

Hardcover

ISBN 10: 0471646415 ISBN 13: 9780471646419

Publisher: John Wiley & Sons Inc, 2001

Synopsis

10 FRONT LINE STORIES ON HOW TO ATTRACT, KEEP AND DEVELOP GOOD EMPLOYEES

At a time when employers are searching for new and innovative ways to motivate and retain key talent, employee stock ownership plans are proving to be powerful retention and reward strategies that have a positive impact on profitability, revenue growth, and productivity. Employee ownership is relatively inexpensive to initiate and it can help firms gain a competitive edge - the 15% advantage cited by of one of the CEOs profiled in this book.

Employee Ownership: The New Source of Competitive Advantage vividly describes the advantages, challenges, disappointments, and triumphs of managers and employees of ten Canadian companies that have made the transition to employee ownership. It will serve as both inspiration and a roadmap to others looking for a new source of competitive advantage. Despite increasing interest in employee ownership programs, there is little available in the marketplace for owners, managers and employees that is accessible, with sound advice and techniques.

About this title

About the Author

Carol Beatty, Ph.D. (Kingston, Ontario) is Director of the School of Industrial Relations and the Industrial Relations Centre at Queen's University and also an associate professor. Her writing has been featured in numerous professional publications including Business Quarterly, Sloan Management Review, California Management Review, Relations Industrielles, and Human Relations. She has received various research grants for studies covering business topics such as employee buyouts, high-performance teams, and industrial competitiveness.

Carol has served as consultant to an impressive array of companies and industry associations. These include: Bombardier Inc., Ciba Specialty Chemicals, Dubai Aluminum, Barbados Light and Power, Peregrine Oshawa, Business Officers, and Molson Breweries.

Carol Beatty holds a Doctorate in Organizational Behaviour and a Master of Business Administration, both from the Richard Ivey School of Business at The University of Western Ontario.

Harvey Schachtger is an award-winning freelance writer and former editor of The Kingston Whig-Standard. His "Managing Books" column can be found regularly in The Globe and Mail and he is also a contributing writer for a number of business magazines, including Canadian Business, Profit, and Advisor's Edge.

Mr. Schachter is the editor of Memo's to the Prime Minister: What Canada Could Be in the 21st Century (John Wiley & Sons, 2001), a compelling assembly of essays written by some of the country's leading political, social, and business figures on how to build a new and better Canada.

From the Back Cover

10 FRONT LINE STORIES ON HOW TO ATTRACT, KEEP AND DEVELOP GOOD EMPLOYEES

At a time when employers are searching for new and innovative ways to motivate and retain key talent, employee stock ownership plans are proving to be powerful retention and reward strategies that have a positive impact on profitability, revenue growth, and productivity. Employee ownership is relatively inexpensive to initiate and it can help firms gain a competitive edge - the 15% advantage cited by of one of the CEOs profiled in this book.

Employee Ownership: The New Source of Competitive Advantage vividly describes the advantages, challenges, disappointments, and triumphs of managers and employees of ten Canadian companies that have made the transition to employee ownership. It will serve as both inspiration and a roadmap to others looking for a new source of competitive advantage. Despite increasing interest in employee ownership programs, there is little available in the marketplace for owners, managers and employees that is accessible, with sound advice and techniques.

From the Inside Flap

In today's turbulent business environment, a new deal needs to be struck between management and employees in the workplace. The old contract, which promised employees security and a decent wage in exchange for dedicated service and loyalty to the company, is now dead. Yet every company needs to meet the pressing challenges of remaining competitive and profitable.

Enter the employee ownership option. At a time when employers are searching for new and innovative ways to motivate and retain key talent, employee ownership plans are proving to be powerful retention and reward strategies. These plans can have a profound positive impact on a company's profitability, revenue growth, and continued productivity.

Despite the win-win result of corporate financial success and higher compensation for employees promised by employee ownership, for many companies the concept still generates anxiety and challenging questions: Can it really work? Isn't it hopelessly idealistic? Can employees be entrepreneurial? Do the employees make any money?

In Employee Ownership: The New Source of Competitive Advantage, authors Carol Beatty and Harvey Schachter provide frank answers to these and many other questions. Based on a seven-year study that focused on ten companies, Employee Ownership is a thought-provoking resource that presents the realities of the employee-ownership model in action.

Employee Ownership is a vital roadmap for those on the journey to successful employee ownership adoption and implementation:

• Presents case studies covering a wide-range of business types including large and small companies, start-ups, spin-offs, privatizations, and those with threatened closures.
• Employee Ownership traces the challenges and triumphs of employee ownership experienced by both managers and employees from various industries including steelworkers, paperworkers, brewery workers, geologists, computer engineers, and high-tech manufacturing employees.
• Includes detailed analysis of the companies studied and the lessons each of them teaches about employee ownership.
• Features an appendix with a legislative history of employee ownership and what other studies have revealed.

Employee Ownership is powerful and proven testimony that speaks to business professionals seeking a new vision of corporate success for their companies and for their key employees.

Edition details

• Publisher: John Wiley & Sons Inc
• Publication date: 2001
• ISBN 10: 0471646415
• ISBN 13: 9780471646419
• Binding: Hardcover
• Language: English
• Edition number: 1
• Number of pages: 263