In this episode of The Alternative Exit Podcast, Andy Farquharson sits down with Matt Hancock, a consultant at Praxis Consulting Group and co-founder of Chicago Tech Academy, to explore how organizations can create thriving ownership cultures. Matt shares his journey from Italy’s cooperative economy to working with U.S. employee-owned companies, offering invaluable insights into how leaders can foster innovation, resilience, and inclusivity in employee ownership.

He discusses the building blocks of ownership culture, from education and leadership development to continuous improvement practices, and highlights the long-term benefits of investing in people. This episode is packed with actionable advice and thought-provoking stories that will inspire any business owner considering employee ownership. Don’t miss out on this engaging conversation—listen now to unlock the full potential of ownership culture!

Key Takeaways:

• The essential link between rights and responsibilities in ownership culture.
• How education and leadership are the foundation of successful employee ownership.
• The transformative impact of continuous improvement practices in employee-owned companies.
• How transparency and financial literacy empower employees to think and act like owners.
• How aligning leadership values with organizational goals creates long-term resilience.

About Matt Hancock:

Matt Hancock helps organizations develop ownership cultures that are inclusive, resilient, and innovative. In addition to employee-owned firms, Matt has extensive experience working with labor-management partnerships and non-profit organizations in the United States and the European Union.

Prior to joining Praxis, Matt co-founded Chicago Tech Academy (ChiTech), Chicago’s first technology-focused high school. Matt began his career in Bologna, Italy, where he earned a Master’s in Cooperative Economics from the University of Bologna. He authored a book, Compete to Cooperate, about the cooperative movement there. He holds a BA in history from Skidmore College, a Green Belt in Lean/Six Sigma and is the past Chair of The ESOP Association’s Ownership Culture Committee.

Connect with Matt Hancock:

• Website - https://www.praxiscg.com/team/matthew-hancock-mba

Connect with Andy Farquharson:

• LinkedIn - https://www.linkedin.com/in/andyfarquharson/
• Instagram - https://www.instagram.com/andyfarq
• Website - https://abettermonday.me/
• Email - andy@abettermonday.me