Local Heroes How Loch Fyne Oysters Embraced Employee Ownership and Business Success
Local Heroes: How Loch Fyne Oysters Embraced Employee Ownership and Business Success by David Erdal, published by Penguin in 2009, explores the remarkable journey of Loch Fyne Oysters as its employees successfully bid for ownership in 2003. This 1st Edition Thus, comprising 246 pages, presents a detailed account of how the company not only survived a potential corporate takeover but also thrived under employee ownership, demonstrating a model where sustainability aligns with business success.
Readers will find an engaging narrative that recounts the colorful history of Loch Fyne Oysters, highlighting the economic, social, and environmental benefits of employee ownership. Drawing from Erdal’s extensive experience in facilitating employee buyouts, the book illustrates how this model can be beneficial for both small and large businesses. With a focus on the food industry and personal success, this work serves as a valuable resource for those interested in innovative business practices and the dynamics of employee engagement.
Official synopsis Publisher
‘As business books go it is in a class of its own. A rip-roaring yarn, always lucidly explained’ Oldie
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 cango 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.
‘An engaging, stylish little book…a handbook and manifesto for the gospel of employee-ownership’ Financial Times
‘An extraordinary story of personal commitment and vision which led to commercial success and community achievement’ Sir Menzies Campbell
‘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 romantic Highland adventure’ Daily Telegraph
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