Product Description

Part memoir and part examination of a new business model, the 2005 release of marked the debut of an important new voice in the literature of American business. Now, in , the revised and expanded edition of his 2005 work, John Abrams further develops his idea that companies flourish when they become centers of interdependence, or communities of enterprise. Thoroughly revised with an expanded focus on employee ownership and workplace democracy, celebrates the idea that when employees share in the rewards as well as the responsibility for the decisions they make, better decisions result. This is an especially timely topic. Most of the baby boomer generationthe owners of millions of American businesses will retire within the next two decades. In 2001, 50,000 businesses changed hands. In 2005, that number rose to 350,000. Projections call for 750,000 ownership transitions in 2009. Employee ownershipin both the philosophical and the practical senseis gathering steam as businesses change hands, and Abrams examines some of the many ways this is done. is structured around eight principlesfrom Sharing Ownership and Cultivating Workplace Democracy to Thinking Like Cathedral Builders and Committing to the Business of Placethat Abrams has discovered in the 32 years since he cofounded South Mountain Company on the island of Marthas Vineyard. Together, these principles reveal communities of enterprise as a potent force of change that canand will improve the way Americans do business.