Local Heroes: How Loch Fyne Oysters Embraced Employee Ownership and Business Success - Softcover

Erdal, David

Softcover

ISBN 10: 0141035609 ISBN 13: 9780141035604

Publisher: Penguin, 2009

Synopsis

In 2003, with Loch Fyne Oysters vulnerable to corporate takeover, its 112 employees bid for the company and won. Six years on, with business growing robustly, the company offers an inspiring example of how sustainability can go hand in hand with commercial success.

Recounting Loch Fyne Oysters' colourful birth and journey to employee-ownership, and drawing from his own wealth of experience facilitating employee-buyouts, David Erdal illustrates the benefits - economic, social and environmental - of the model for small and large businesses alike.

About this title

Review:

'Inspirational. The model of employee ownership at Loch Fyne Oysters shows what can be achieved when people are empowered and trusted, and fairly rewarded for their efforts' Alex Salmond, First Minister of Scotland 'An extraordinary story of personal commitment and vision which led to commercial success and community achievement. Employee ownership works.' Sir Menzies Campbell 'An interesting and valuable account of employee-owned business based on hard-won experience. There is also much to be learned from this book that is applicable to more conventional business managers.' Sir George Mathewson, Royal Bank of Scotland 'Compelling and inspiring, this is a book about global heroes - people who see the future first and make it happen' Sandy Balfour, chair, Divine Chocolate "David Erdal has taken us to a story of ordinary people creating a company out of the mists of Scotland for the benefit of all the employees. Loch Fyne Oysters is a fabulous business success yet it is as far away from city slickers and fat-cats as you can possibly get. Read it and realise that there is 'another way'.' Andy Law, author of Open Minds' 'As business books go it is in a class of its own. A rip-roaring yarn, always lucidly explained' Oldie 'An engaging, stylish little book!a handbook and manifesto for the gospel of employee-ownership' Financial Times 'Represents the polar opposite of the fast-buck, quick get-out model of private equity buccaneers ... How sweet must be the upside: working in a community and working for the community' Herald 'A welcome beacon of hope' Spectator

About the Author:

David Erdal studied Chinese at Oxford, then worked as a teacher in Mao's China. After gaining an MBA at Harvard, he returned to Scotland and led the family paper mill, Tullis Russell, into all-employee ownership. In 1989 he won the Scottish Business Achievement Award. After obtaining a PH.D. at St Andrews on the psychology of sharing, he went on to be MD of Baxi Partnership, which structures and funds all-employee buyouts of medium-sized companies. He lives in St Andrews.

About this edition

• Publisher: Penguin
• Publication date: 2009
• ISBN 10: 0141035609
• ISBN 13: 9780141035604
• Binding: Paperback
• Number of pages: 256