From the course: Implementing Continuous Improvement: A Case Study

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Open book finance board

Open book finance board

(logo whooshing) - All right, so Rich, what are we looking at here? - Ryan, what we're looking at here is an open book finance board, we publicly display all of the financials of the organization for the entire team to see, actually, for the entire world to see. But what we're trying to do here is expose the financials so the team understands the condition-- - When you say financials is it top line? - The whole thing. - Bottom line, everything. - So you can see the very top line that you have stretched across here, the white cards represent the target revenue for the quarter. That's our plan, what do we want to accomplish as a company for the quarter, and if we accomplish that, we have every reason to believe it will be a healthy business, when we do that. So the top line represents the projected, the target revenue, the second white line of cards represents our anticipated cost of goods sold. You might imagine in a…

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