Here’s the best definition of lifelong learning I’ve heard so far: “At the end of the day, everyone goes home smarter.” That line was delivered by Tom Walter, CEO of Tasty Catering, a Chicago-area food catering company that was one of two companies honored by Workforce Chicago at a recent breakfast hosted by the Council for Adult and Experiential Learning.
- Based on entrepreneur Jack Stack’s philosophy of sharing financial results and responsibilities with employees at all levels, Tasty employees are in charge of contributing to their slice of the bottom line. With everyone from delivery vehicle maintenance staff to executives searching for ways to grow revenue and contain costs, Tastey saw 2011’s sales increase 10% and profits rise 125%.
- Employees learn how to read financial statements, too, so that Tasty can become “A business of businesspeople.”
- One Tasty employee detected a market opportunity for corporate gift baskets and developed a business plan for a college class. She presented her concept to her bosses…and walked out with a $50,000 launch fund, sparking a new division. That’s more than frosting!