Local Heroes : How Loch Fyne Oysters Embraced Employee Ownership and Business Success
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.
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- Paperback | 256 pages
- 129 x 198 x 16mm | 174g
- 02 Jul 2009
- Penguin Books Ltd
- London, United Kingdom
'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 David Erdal
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.
Our customer reviews
Yes, this is a book about fishermen. Yes, this is a book about the ins and outs of the fishing business. And, yes, if you told me I'd enjoy a book about fishermen and the ins and outs of the fishing business I would have thought you were as mad as a catfish caught in a casting net! <br /><br /> Good books about the fishing industry are as rare as cod (and these days cod are disastrously rare: if you haven't read Charles Clover's <a href="/book/9780091897819/The-End-of-the-Line">The End of the Line: How Overfishing is Changing the World and What We Eat</a> then you really, really should), but David Erdal's excellent <a href="/browse/book/isbn/9780141035604">Local Heroes: How Loch Fyne Oysters Embraced Employee Ownership and Business Success</a> manages to be both fascinating and inspiring. This is not how business books normally are -- and that is a huge compliment to this uplifting book. <br /><br /> Back in 2003, Loch Fyne Oysters was almost taken over by a big corporation. Its 112 employees didn't want that to happen. So they bid for the company... and they won. The company is still going strong and Erdal maintains that it "offers an inspiring example of how sustainability can go hand in hand with commercial success." Employee ownership and careful husbandry of nature can go together with great benefits all around. <br /><br /> This might be a book about fishermen, but it is as compelling as many a drama of the high seas, and far more instructive. Reel a copy in today!show moreby Mark Thwaite