dear all,
i happened to receently read a book called "MAVERICK" and about a famous brazilian company called SEMCO.
makes a very interesting read on what is truly participative management.
ABOUT "SEMCO"
1. Manufactures pumps, high volume dishwashers, cooling units for air-conditioners and other basic things.
2. Has grown from a 35 million dollar company to a 100 million dollar company in an economy where the inflation rate has been from 10 to 1000% )from 1990-1996).
3. Has grown six times, profits 5 times and productivity 7 times.
4. There have been periods where the 3000 strong company did not have even a single person leaving for up to 14 months.
5. Nearly 150 of the FORTUNE 500 companies have sent delegations to SEMCO to study how it works.
6. After all, it has managed to solve the greatest HR problem of all – THE ATTRITION RATE.
7. Everything from finances to salaries, expansion to recruitment is done “democratically”.
8. There are no dress codes, no rule books, no fixed timings, no separate office rooms, etc.
9. The standard policy at SEMCO is that there is no standard policy – just use your common sense!
10. This working procedure violates all the conventional teachings – management, time & motion study, authority and delegation of authority, specialization, etc.
11. And yes, there is no separate HR department either.
UNBELIEVABLE!!!, inst it!
am attaching a word document which is a quite a good summary of the book, and a ppt.
would recommend all read the book, its an eye-opener!
From India, Mumbai
2i happened to receently read a book called "MAVERICK" and about a famous brazilian company called SEMCO.
makes a very interesting read on what is truly participative management.
ABOUT "SEMCO"
1. Manufactures pumps, high volume dishwashers, cooling units for air-conditioners and other basic things.
2. Has grown from a 35 million dollar company to a 100 million dollar company in an economy where the inflation rate has been from 10 to 1000% )from 1990-1996).
3. Has grown six times, profits 5 times and productivity 7 times.
4. There have been periods where the 3000 strong company did not have even a single person leaving for up to 14 months.
5. Nearly 150 of the FORTUNE 500 companies have sent delegations to SEMCO to study how it works.
6. After all, it has managed to solve the greatest HR problem of all – THE ATTRITION RATE.
7. Everything from finances to salaries, expansion to recruitment is done “democratically”.
8. There are no dress codes, no rule books, no fixed timings, no separate office rooms, etc.
9. The standard policy at SEMCO is that there is no standard policy – just use your common sense!
10. This working procedure violates all the conventional teachings – management, time & motion study, authority and delegation of authority, specialization, etc.
11. And yes, there is no separate HR department either.
UNBELIEVABLE!!!, inst it!
am attaching a word document which is a quite a good summary of the book, and a ppt.
would recommend all read the book, its an eye-opener!
From India, Mumbai
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