This work offers a summary of the book "EQUITY: Why Employee Ownership is Good for Business" by Corey Rosen, John Case, and Martin Staubus.
Despite the fact thousands of companies are now wholly or partly owned by their employees, many companies are still failing to pick up on the competitive advantages offered by employee ownership - faster growth, higher profitability and better resilience in times of economic downturn.
A solid business case can now be made for the practice of making employees true partners in a firm's success by giving them a significant equity stake in the business enterprise. According to the authors of Equity, building a successful equity company, however, isn't just a case of letting employees buy stock and then living happily ever after. To realize the true benefits of this concept, employees have to see themselves as owners and create a different kind of workplace which aligns with that perspective.
That means the culture of the organization must change and evolve as well. Furthermore, employees have to learn how to run the business differently if their ownership is to have any practical impact.
This insightful and easy-to-read book demonstrates how employee ownership turns up in influential and successful companies. If you are willing to implement an employee ownership program, then Equity is the book for you.