dear all, i happened to recently read a book called "MAVERICK" and learned about a famous Brazilian company called SEMCO. It makes for a very interesting read on what truly constitutes participative management. ABOUT "SEMCO" 1. Manufactures pumps, high-volume dishwashers, cooling units for air conditioners, and other basic items. 2. Has grown from a $35 million company to a $100 million company in an economy where the inflation rate ranged from 10% to 1000% (from 1990-1996). 3. Has grown six times, profits increased five times, and productivity surged seven times. 4. There have been periods where the 3000-strong company did not experience any employee turnover for up to 14 months. 5. Nearly 150 of the FORTUNE 500 companies have sent delegations to SEMCO to study its operations. 6. SEMCO has successfully addressed the significant HR challenge of attrition rate. 7. Everything from finances to salaries, expansion to recruitment is handled "democratically." 8. No dress codes, rule books, fixed timings, or separate office rooms exist at SEMCO. 9. The standard policy at SEMCO is that there is no standard policy – employees are encouraged to use their common sense. 10. The working procedures at SEMCO challenge conventional teachings in management, time and motion studies, authority delegation, specialization, etc. 11. Notably, SEMCO does not have a separate HR department. UNBELIEVABLE!!! Isn't it! I am attaching a Word document that provides a good summary of the book and a PowerPoint presentation. I would recommend everyone to read the book; it's an eye-opener!
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