Product Description

Semco S/A is a manufacturing company in Brazil where workers make corporate decisions, set their own hours, and have access to monthly financial figures. The company's management philosophy is antihierarchical and perhaps unorthodox, but its profits are handsome. The company operates on the basis of three key principles: work force democracy, profit sharing, and free access to information. Democracy lets employees set their own working conditions; profit sharing rewards them for doing well; information tells them how they are doing.

Product Details

• Amazon Sales Rank: #1287193 in Books
• Published on: 1989-09-01
• Released on: 2009-03-03
• Format: Download: PDF
• Binding: Digital
• 10 pages

Customer Reviews

HBR Reprint
Don't waste your money on this. It is a reprint from Harvard Business Review, September-October 1989. If Amazon had actually indicated this was the case, I wouldn't have paid for it. Don't make the same mistake I did.

Maybe We Don't Have That Issue, Bruce
After reading "Maverick" and seeing this paper, I'd really like to see for myself, with my own eyes, how this really works. It sounds too good to be true. What if it isn't too good to be true, though? What if this really works? Could this port to an American business? A large one? Is it childish to hope that it could work? I'd like to believe that it could.
Does the implementation of this style depend on Ricardo? If so, then that's the too good to be true part.
If not... hey, GM. You got nothing left to lose. Give this a shot.