Employee Ownership : The New Source of Competitive Advantage

by Carol A. Beatty; Harvey Schachter

• ISBN13: 9780471646419
• ISBN10: 0471646415
• Format: Hardcover
• Copyright: 2001-12-01
• Publisher: WILEY

Summary

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.

Author Biography

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.

Table of Contents

Acknowledgements

Introduction

The Cases

Revolve Technologies: Finding the Employee Ownership Balance

Assessing the Options

A New Company Is Born

What Does Employee Owner Mean?

Growth and Partners

Closure Comes

Algoma Steel: Taking a New P