The SRC approach to running a company was developed to help close one of the biggest gaps in business: the gap between managers and employees. We call our open-book approach The Great Game of Business. What lies at the heart of The Game is a very simple proposition:
The best, most efficient, most profitable way to operate a business is to give everybody in the company a voice in saying how the company is run and a stake in the financial outcome, good or bad.
In some ways, we see “business” as incidental to what we do. Our real business is education. We teach people about business and give employees the knowledge and tools to help them understand:
- What winning means in business
- How to track, measure and improve performance and
- How to share in a self-funding stake in the outcome…to win or lose as a team.
Our ultimate goal is to create a “business of business people” who think, act and feel like owners. Open-book management is one of the key components of our approach, though it is only a portion of our overall process
NewStream Enterprises prides itself on developing talent from the bottom up, and we always strive to hire from within. In fact, many of the leaders of the company started on the shop floor. Through succession planning, individuals are identified as having potential to fill key business leadership roles in the future and are given additional training, mentorship, experience, and other developmental tools to ready them for future positions.
Tuition Refund Program
NewStream Enterprises is committed to the continued growth and development of its employee-owners. A key element in the programs designed to meet this commitment is the Tuition Refund Program. Through this program, full-time employees may be given the opportunity to acquire skills and knowledge which are considered important for their career without being required to incur the financial burden of going to school.
Business Literacy and Ownership
At NewStream Enterprises, employee-owners are trained to treat business as a game. Business has all the elements of a game: rules, a scorecard, and a reward for winning. This includes education on how to read and interpret the company’s Income Statement, Cash Flow Statement, and Balance Sheet. More importantly, the employee-owners are taught how they can impact these financials to create wealth for the company, and in turn, themselves.
Bringing new people with fresh ideas into our inspiring, entrepreneurial culture is critical to our future as an industry leader. NewStream Enterprises utilizes internship programs to provide students with hands-on, career specific experience. At the end of the programs, students may be offered full-time positions at NewStream Enterprises or another subsidiary of SRC Holdings.