Thursday, March 28, 2013

TMI? Newest Entrepreneurs Advocate Open Source Culture

 

For decades, the business community has been keeping secrets — from its employees.

From financial data and salary information to long-term initiatives and succession planning, privately owned companies have long subscribed to the theory that sharing critical information with employees is done only on a need-to-know basis.

However, as a new generation of entrepreneurs takes hold, so too is a new era of transparency. The 2-year-old analytics company SumAll has created an open-book culture by giving each of its 30 employees access to mounds of company information, including such previously sacred data as individual salaries and bonuses, investor details and capital structure.

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