Abstract:

Open Book Management (OBM) is commonly characterized as a way of creating a transparent internal company environment by sharing financial and non-financial information and data with employees. This paper aims to explore the perceptions and attitudes of students towards OBM in the context of business education and training. The primary objective is to understand how future business professionals view the implications and effectiveness of OBM as a management practice. Employing a questionnaire-based research methodology, the study gathered data from a diverse sample of management students and business professionals.

The questionnaire was designed to capture a comprehensive view of student opinions on various aspects of OBM, including its perceived benefits, challenges, and applicability in different business scenarios. The analysis of responses employed statistical methods to identify trends and correlations, along with qualitative content analysis for the narrative responses.

Results indicated a generally positive attitude towards OBM, with a majority of students recognizing its potential for improving organizational transparency and employee engagement. However, concerns were raised about the practical challenges of implementing OBM, such as the need for adequate training and the risks of sensitive information disclosure. Notably, research revealed a significant relationship in perceptions based on students' prior exposure to practical business environments, suggesting a gap between theoretical understanding and real-world applicability.

This paper contributes to the understanding of how the next generation of business leaders perceives OBM, highlighting the importance of integrating practical business experiences into academic curricula. The findings offer valuable insights for educators and business trainers in shaping their approaches to teaching OBM, emphasizing the need for a balance between theoretical knowledge and practical application. The work paves the way for future research on bridging the gap between academic learning and business practice in the context of innovative management strategies.

Keywords:

Open Book Management, Transparency, Transparent Culture, Business Education.