Managing without managers term article presentation-final
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Article by: Ricardo Semler
Presented by: Raveel HameedPresented by: Raveel HameedReg# 3854Reg# 3854
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SEMCO is one of Brazil’s fastest growing SEMCO is one of Brazil’s fastest growing companies...companies...
Named Best company in Brazil to work for...Named Best company in Brazil to work for...
Three ValuesThree Values: :
1.1.Democracy Democracy
2.2.profit sharing profit sharing
3.3.Transparency or Information sharingTransparency or Information sharing
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Democracy and Employee Democracy and Employee InvolvementInvolvement
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Organizational Pyramids
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Semco designed an Semco designed an organizational circle to replace organizational circle to replace the organizational pyramid.the organizational pyramid.
Contains 3 concentric circlesContains 3 concentric circles
First-Counselors First-Counselors
Second-PartnersSecond-Partners
Associates and Associates and CoordinatorsCoordinators
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Switched because of their view on Switched because of their view on organizational pyramidsorganizational pyramids
Pyramids emphasize power whereas the Pyramids emphasize power whereas the circle promotes employee involvementcircle promotes employee involvement
Some decisions made by company-wide Some decisions made by company-wide votesvotes
Example: Purchase of new factoryExample: Purchase of new factory
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If you don’t appoint a leader, If you don’t appoint a leader, one will emergeone will emerge
Roles FIND the personRoles FIND the person
Results not statusResults not status
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Corporate profit sharing is Corporate profit sharing is today’s mammoth meattoday’s mammoth meat
Most successful when there is a Most successful when there is a broad program of employee broad program of employee participationparticipation
Semco’s Second ValueProfit Sharing
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Semco is a company with a unique Semco is a company with a unique system system
Employee’s are “treated as adults”Employee’s are “treated as adults”
Semco’s Three Core ValuesSemco’s Three Core Values
Democracy, Profit-sharing, Democracy, Profit-sharing, informationinformation
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