Premium Essay

Semco Success

In:

Submitted By kkcumashankar
Words 1820
Pages 8
nbjytr fggvfghfghfhfv fu gfd His favourite questions start with “why.” Why should employees feel compelled to read their emails on Sunday evening, but can’t go to the movies on Monday afternoon? Why should they take work home, but can’t bring their kids to the office? Why should they have to sit for hours in traffic getting to the head office? Brazilian businessman Ricardo Semler loves to question everything. His guiding principle? If you want creative employees, don’t smother them with ridiculous rules.

For 25 years, Semler has been putting into practise what increasing numbers of modern management gurus are now preaching. He heads a democratic company, Semco, where employees set their hours, determine their salaries and choose their bosses. Managers don’t have secretaries, reserved parking spaces or even desks. There is minimal bureaucracy. No IT or human-resources departments. No mission statement, no five-year plan. Meetings are voluntary and every employee has a say in everything. Once, when Semler organized a meeting to discuss developing a speedier dishwasher for the consumer market, no one showed up. And the idea was shelved.

Semco was a traditionally managed engineering company when the young Ricardo Semler took over from his father. He was just 22 and had brought philosophical conflicts with his father to a climax: The son demanded that Semco steer away from its activities as a shipbuilding supplier and abandon autocratic management in favour of decentralization. He threatened to leave the company, so his father gave him a free hand. On his first day as director, Ricardo Semler fired 60 percent of senior management and began laying the foundation for a democratic organization.

Semco has long since abandoned its engineering activities. The company now develops software, is building a hotel and ecological resort and is involved with hospital and

Similar Documents

Free Essay

Meverics

...cattle one was branded cattle and second was unbranded cattle. The unbranded cattle were increased by natural conditions and branded cattle were belongs to him. So which were unbranded cattle those all cattle were called mavericks. But at present the word maverick is used to identify any person who carries an autonomous position or is unique than another. And that person should be with slight effect of wildness. (Gunderson, Folke, Lee & Holling; 2002) Ricardo Semler was owner of the Semco Corporation in Sao Paulo, Brazil. Semco Corporation of Brazil was his family business. He ran his organization by very beautifully way. He organized his business by using Mavericks in his organization. He made his company successful in all over the world by Mavericks. He made the most revolutionary success history of business of that time period. Those mavericks resisted recession, overcoming inflation, continuous strikes and many more hurdles of business. In all those situations that person had turned Semco Corporation from bottom to the top by removing nine stratums of management and by permitting all employees of his organization unexampled democracy at the place of work. This was his best use of mavericks. Ricardo Semler has given his marvelous ideas of his business by giving practical information about business organization. Those ideas are very useful to all business persons, anywhere. Ricardo Semler has touched off a series of events that has been changed an idle. He has changed a very...

Words: 532 - Pages: 3

Free Essay

Semler

...Ricardo Semler The Brazilian CEO and best-selling author transformed his pump plant into a model of participative management, and launched his company on 14 straight years of double-digit growth. by Lawrence M. Fisher strategy + business issue 41 Won’t Take features the creative mind Photographs by Rogério Reis / Blackstar Control Semco Group Chief Executive Ricardo Semler at his impromptu office — a coffee shop near his company’s headquarters 2 features the creative mind Lawrence M. Fisher (fisher_larry@strategybusiness.com), a contributing editor to strategy+business, covered technology for the New York Times for 15 years and has written for dozens of other business publications. Mr. Fisher is based in San Francisco. 3 Like many chief executives, Ricardo Semler used to wonder what would happen to his company if he were hit by a truck. One night in February 2005, he found out — while driving 85 miles per hour on a highway in Brazil. Miraculously, he was still alive within the 20-inch pancake of crushed steel and shattered glass that remained of his car. Also miraculously, his company, Semco Group, of São Paulo, Brazil, carried on seamlessly during the months he spent lying in intensive care and recuperating from the multiple surgeries he needed to repair his broken neck and battered face. Numbers were met, deals were closed, and business continued pretty much as usual. Mr. Semler, 46, is the leading proponent and most tireless evangelist...

Words: 6071 - Pages: 25

Free Essay

Ricardo Semler

...Ricardo Semler The Brazilian CEO and best-selling author transformed his pump plant into a model of participative management, and launched his company on 14 straight years of double-digit growth. by Lawrence M. Fisher strategy + business issue 41 Won’t Take features the creative mind Photographs by Rogério Reis / Blackstar Control Semco Group Chief Executive Ricardo Semler at his impromptu office — a coffee shop near his company’s headquarters 2 features the creative mind Lawrence M. Fisher (fisher_larry@strategybusiness.com), a contributing editor to strategy+business, covered technology for the New York Times for 15 years and has written for dozens of other business publications. Mr. Fisher is based in San Francisco. 3 Like many chief executives, Ricardo Semler used to wonder what would happen to his company if he were hit by a truck. One night in February 2005, he found out — while driving 85 miles per hour on a highway in Brazil. Miraculously, he was still alive within the 20-inch pancake of crushed steel and shattered glass that remained of his car. Also miraculously, his company, Semco Group, of São Paulo, Brazil, carried on seamlessly during the months he spent lying in intensive care and recuperating from the multiple surgeries he needed to repair his broken neck and battered face. Numbers were met, deals were closed, and business continued pretty much as usual. Mr. Semler, 46, is the leading proponent and most tireless evangelist...

Words: 5943 - Pages: 24

Premium Essay

Scientific Management

...Execute Only concept has led to workers being dehumanized as they were not allowed to voice their opinions while performing an activity. This leads to dissatisfaction among the workers which affects the sustenance of maximum speed state. Monotonous work added fuel to the fire aggravating the level of dissatisfaction among workers. In the famous “Hawthorne Experiment” it was revealed that one of the main factors in productivity improvement is the autonomy allowed at workplace i.e. Involvement and Authority to take decisions in the performed activities. In the famous bestseller “Maverick”, Ricardo Semler – Owner of SEMCO shows that involvement of workers and letting them take decisions has a profound impact on the performance of the organization. Even from my Personal Experience at Tata Group I can state that autonomy and TEI (Total Employee Involvement) is a critical success factor. When I joined my organization I was posted at one of the plant locations at Faridabad where I was supposed to take care of the operations...

Words: 1032 - Pages: 5

Free Essay

Ricardo Semler

...Ricardo Semler and Semco 'When I took over Semco from my father, it was a traditional company in every respect with a pyramid structure and a rule for every contingency. Today our factory workers sometimes set their own production quotas and even come in their own time to meet them without prodding from management or overtime pay. They help redesign the products, the make and formulate the marketing plans. Their bosses for their part can run our business units with extraordinary freedom determining business strategy without interference from the top brass. They even set their own salaries with no strings. Then again everyone will know what they are since all financial information at Semco is openly discussed. Our workers have unlimited access to our books. To show we are serious about this, Semco with the labour unions that represent our workers developed a course to teach everyone, including messengers and cleaning people, to read balance sheets and cash flow statements. We don't have receptionists. We don't think that they are necessary. We don't have secretaries either, or personal assistants. We don't believe in cluttering the payroll with un-gratifying dead-end jobs. Everyone at Semco, even top managers, fetch guests, stand over photocopiers, send faxes, type letters and use the phone. We have stripped away the unnecessary perks and privileges that feed the ego, but hurt the balance sheet and distract everyone from the crucial corporate tasks of making, selling...

Words: 576 - Pages: 3

Free Essay

Lesson from Radical Leadership

...“Treat people like adult, and they will respond like adults” This is the philosophy of Ricardo Semler, which is used to build the business Semco Group with great leadership management. Ricardo Semler that only one person breaks all the traditional rules of leadership and making their own rules. Other business also can belief and follow this philosophy because can improve and more positive in leadership management to build great management. Every people have their own ego, so if we serve them with proper or right method they also will give good feedback. Example the employees was done wrong step in production, so the manager reprimand and correcting them with right way not to anger to them. So the employees will accept the reprimand and remind the step also, indirectly the production will increase and more quality will produce. In this situation the employee easier and more comfort to working with this environment. In the modern life style, every people have their own behaviour that different with each other. Ricardo Semler belief that the “organization thrive best by entrusting employees to apply their creativity and ingenuity in service of the whole enterprise, and to make important decisions close to the flow of work, conceivably include the selection and election of their bosses”. Good environments of working also paste a role to contribute more quality in production. Ricardo Semler wants all our people to feel free to change and adapt their working...

Words: 312 - Pages: 2

Premium Essay

Convo

...INDIAN INSTITUTE OF MANAGEMENT CALCUTTA BEHAVIOURAL SCIENCE II (BS-102) (PGP-1 Compulsory Course) Term 2 – (September 16, 2013 – November 2, 2013) Instructors |Prof. Vidyanand Jha |Prof. Nimruji Prasad | |E 206, New Teaching Block |K 402, New Academic Block | |Ext: 519 |Ext: 721 | |vjha@iimcal.ac.in |nimruji@iimcal.ac.in | |Prof. Chetan Joshi |Prof. Devi Vijay | |K 406, New Academic Block |K408, New Academic Block | |Ext: 782 |Ext: 784 | |chetan@iimcal.ac.in |devivijay@iimcal.ac.in | COURSE OUTLINE Objective The course aims at building and further developing on the perspectives of why organizations exist and how they are designed to achieve their objectives. This course would require you to analyze and examine organizations around you...

Words: 1942 - Pages: 8

Free Essay

Mgt Action

...Recardo semler leads in possibly the most radical place to work in the world – the group of companies that makes the Brazils semco SA. Everything is constantly questioned at semco, nothing is taken for granted. Which is how they come up with a radically different way of recruiting, which keeps their employee turnover at 1-2 percent per annum. Semler explain in this 60 second leader tale: Get the Right people a key part of leadership is getting the right people. But recruitment today internal dating. Two dates and you get married forever? That’s why your employee turnover is so high and you are so often disappointed by some of the people you recruit. How semco recruit leaders? Step 01 At SEMCO we recruit leaders differently. We employees 4000 people. When a business unit comes up with something new, first of all we ask people in house ‘do you need a leader for this new thing you are doing? Usually they say yes’ The internal discount Then we ask ‘is one of you right to be the leader? We discount internal people 30 percent when applying for new role, when we are scoring them against the profile. Because the 30 percent is the existing value of knowing we can work with them and them with us’ The recruitment ad When we place an ad for a position it says something like ‘interested in working for us? We want to seeif we like you and vice versa The recruitment conversation We then have a long conversation with all the candidates. Anyone interested in the new appointment internal...

Words: 333 - Pages: 2

Premium Essay

Radical Leadership

...Radical Leadership RADICAL LEADERSHIP I. Significant Case Facts Ricardo Semler the CEO of Semco Group of São Paolo, Brazil was not just the typical or traditional leader. He is radical; he breaks all the traditional “rules” of leading. He’s the ultimate hands-off leader; he doesn’t even have an office at the company’s headquarters. Semler’s philosophy is simple: Treat people like adult and they’ll respond like adults. Semler’s participative management approach is the belief that “organizations thrive best by entrusting employees to apply their creativity and ingenuity in service of the whole enterprise, and to make important decisions close to the flow of work, conceivably including the selection of their bosses.” And according to Semler, his approach works well. The employees have free will because there are no organizational charts, no long term plans, no corporate values statements, no dress codes, and no written rules or policy manuals. They also decide their work hours and their pay levels. The employees also select the corporate leadership and decide most of the company’s new strategic initiatives. Semler maintains his approach and has enabled Semco to survive the roller-coaster nature of Brazilian politics. Semco not just survive but also prosper. Semler says “If you look at Semco’s numbers, we’ve grown 27.5 percent a year for 14 years.” And Semler attributes that fact to flexibility…of his company and, most importantly of...

Words: 302 - Pages: 2

Free Essay

Essay About Success

...called, success. Success means achievement, accomplishment, victory, and triumph. The dictionary states that success is “The achievement of something desired, planned, or attempted; the gaining of fame or prosperity” (The Dictionary.com n.pag.) and “The favorable or prosperous termination of anything attempted; the attainment of a proposed object; prosperous issue” (Hypertext Webster Gateway n.pag.). These are just dictionary definitions, though. One needs examples and instances in order to fully understand the meaning of success. Our Service Can Write a Custom Essay on Success for You! Over the years, many people have viewed success as the gaining of fame and fortune. While this is true, success encompasses all kinds of prosperity. Fame and fortune is just one form. The reason why most people view fame and fortune as the prototype of success is because these two things usually come to people who have worked long and hard. For the most part, in order to be and feel successful, one needs to have worked at it. Bob Brown once declared, “Behind every successful man there's a lot of unsuccessful years” (Cyber Quotations n.pag.). Colin Powell also stated, “There are no secrets to success. It is the result of preparation, hard work, learning from failure” (Cyber Quotations n.pag.). Success is something that usually takes a lot of effort to get, but is worth it in the end. Success is also something that is viewed differently in the eyes of everyone. This is because success means...

Words: 615 - Pages: 3

Free Essay

Bamboo House

...Queuing Theory Significance There is a very significant reason why Queuing Theory exists. Not only does it apply to a wide variety of topic, many within the business and supply chain industries, it also helps prove cause and effect. In addition to this, it provides a very logical idea of what a solution to a problem it has discovered should be. Measuring and understanding both order rate and service rate can potentially be the difference between business success and business failure. For example, if a company has too slow of a service rate, it is going to lose business because of the long wait times. On the opposite end of the spectrum, if a company focuses too much on improving its service rate instead of understanding its ratio compared to order rate, it will be misusing its very valuable resources. It is also important to have knowledge of all different types of queuing systems. Importance of Queuing Configuration As one can imagine, the importance of a queuing system configuration is very significant as well. As stated above, there are several different types of queuing systems and queuing configurations. If a business uses an improper queuing system or queuing configuration, it can suffer from one of many different negative consequences. Some examples of different types of queuing systems/queuing configurations are First Come First Served, First In First Out, Round Robin, Service in Random order, and many more. Queuing systems and configurations also vary by the number...

Words: 531 - Pages: 3

Premium Essay

English Interview

...外企面试最常用的八大英文问题及高分回答 来源:过来人求职网 发布日期:2012-06-29 点击:1264次 [收藏]   外企面试最常用的八大英文问题及高分回答  每年的12月到次年2月都是职场人士跳槽的“多发期”,而大多数白领的新的工作意向是薪水高、福利好的外资企业。很多人从接到面试通知的电话起,心里就开始紧张,不用说想到要用英语面试、老外老板亲切却又让人紧张微笑、看似简单而又机关重重的问题……其实,只要提前准备一下,就可以避免因胡言乱语而失去你梦想工作的可能。   1. Tell me about yourself.   这是一个面试问题中的经典头道开胃菜。铁芸说这个问题主要考察求职者的个性是否符合公司的企业文化,所以回答的时候要尽量贴近这个公司的情况来推销自己的特点。比如这个公司是属于汽车行业,那么你就该回答: “Driving is my hobby. I really love the feeling of running on the road and I take cars as my best friends.” 总之是要找到自己跟这个公司的一个切合点,让面试官了解你充分适合这个环境。   自己优缺点:   2. What are your three greatest strengths?   铁芸说回答这个问题的时候不可以含混不清,不可以只是简单回答 “I’m really organized, punctual and get along well with others.” 简洁、精炼,找到这个公司所看重的特长,是回答这个问题的关键。比如要应聘金融行业,可是说 “I think my three strongest strengths are details-oriental, patient and cautious.” 但是如果应聘者是一个销售精英,可以说:“I think my strongest strengths are aggressive, hard working and communicative.”总之,需要考虑到应聘公司及职务的需要来选择表现自己的优势   3. What are your three greatest weaknesses?   铁芸强调,能够为公司增值永远是老板的最爱,老板都愿意找到一个了解、热爱工作,并能够为公司创造价值的员工。所以不要很诚实的把自己的毛病暴露出来,而是要策略的选择一些能够为自己加分的缺点。比如:“I am a perfectionist and I pay very much attention to details. Sometimes I am quite captious.”   4. Why are you interested in working for our company?   这个问题主要考察应聘者是否对这个工作进行了了解,或者是否真正有兴趣,所以需要围绕整个公司的具体情况,让面试官知道你很清楚这个公司的运营模式,以及对这项工作非常积极。因此不要以“It seemed like a good career move, ”或是 "I haven't been able to find anything else interesting.”为开始。如果能有一些实际问题回答的话,就会更大的加分,铁芸建议应聘者可以这样: “I read an article in the...

Words: 346 - Pages: 2

Free Essay

Posiive Atitude

...been influenced by the way they see the circumstances in their life. In other words, successful people see those circumstances with a positive attitude. In this case, successful people see those circumstances as a challenge to beat and not like a punishment to suffer. Therefore, these people will be more likely to fight and have success in their life, rather than the ones who see their life as a punishment. Positive attitude might be the key to all the people who want to fulfill their dreams. Where there is a will, there is a way. If you find any problem, a typical one, don’t lose heart, go ahead and devote yourself fully, analyze each aspect, and get the problem solved. Every invention taken place so far, were riddled with many unfound answers, but the inventor’s zeal and perseverance found the solution and a new invention took place. For a confident person, the word ‘impossible’ is no where in his dictionary. A determined and dedicated person finds way in all complexities undaunted by the initial problems and failures he keeps on finding solution to every teaser and one day he achieves his cherished goal. Confidence is the most important key to success. It boosts the morale and creates determination to attain a goal....

Words: 424 - Pages: 2

Free Essay

Personal Responsibility Is a Master Key to Success

...around you. Parents teach these values to their children at a very early age. Parents teach commitment by encouraging children to follow through with a promise, dedication by encouraging them to keep trying, regardless of how many times they may fail, and accountability if they choose not to. These are all building blocks to learning personal responsibility. As a mother and a college student, I have the personal responsibility to dedicate myself to my children and my education. I have had to utilize all resources available to me to be successful at both, and it takes honest commitment and dedication to achieve that success. Balancing family and school is a huge personal responsibility and I strive with honesty and integrity to be the best parent, teacher, and student I can be. There is an enormous correlation between personal responsibility and college success. A person cannot obtain one without maintaining the other. As a parent and a student, I have the benefit of continuing to teach my children personal responsibility along with...

Words: 1039 - Pages: 5

Free Essay

Managing Failures

...Even after investing over 10 lakhs in an MBA degree from one of highly advertised business school, Rajesh is still looking for an entry level job which can fetch him atleast 20-25,000 rupees per month so that he can start repayment of the loan his farmer father had taken from village landlord to finance his MBA. Rajesh completed his engineering from a private engineering college with a hope that he will be able to get a regular job which will minimize the uncertainty attached with the earnings from agriculture. He has seen his father losing sleep every year, when the rain gods played mischief. He has felt the anxiety at home till the time the payment for each crop was realised and all the small borrowings taken during the season for the crop were repaid. His father tried to fulfil all his financial needs so that he can be what he wants to be. Rajesh studied hard during his engineering course but he could not get any job during campus placements. After futile job search for over one year, few friends advised Rajesh to get an MBA degree. They said that MBA is a sure shot way to get a highly paid and high ranked job in a large MNC. He was lured by big advertisements of business schools which promised the students an ultra-modern campus and dream jobs. But even after attending over 25-30 job interviews, the best job he was offered was of sales executive with a “CTC” of rupees 2.5 lakh per annum but having fixed salary component of less than 10,000 rupees a month. Most of us reading...

Words: 1047 - Pages: 5