𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Out of this world: Doing things the Semco way

✍ Scribed by Ricardo Semler


Book ID
102392175
Publisher
Wiley (John Wiley & Sons)
Year
2007
Tongue
English
Weight
107 KB
Volume
26
Category
Article
ISSN
1932-2054

No coin nor oath required. For personal study only.

✦ Synopsis


Abstract

The Brazilian company Semco may be one of the world's most unusual workplaces. Instead of a mission statement, business plan, and long‐term budget, it has relied on democratic processes and employee autonomy to produce a two‐decade record of enviable growth and profits. Its cardinal operating philosophy? Harness the wisdom of the people. Employees control their work hours, location, and pay to achieve the work/life balance they need, and participate in all decisions, including what businesses Semco should pursue. By continually asking why, they avoid the trap of fixed assumptions, opening the organization to learning and the discovery of new approaches and opportunities. Β© 2006 Hewitt Associates.


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