Maverick by Ricardo Semler

Maverick by Ricardo Semler

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Summary

Documents an example of a company "turnaround" achieved by the ultimate in participatory management. By 1980 Semco was on the brink of bankruptcy - but a decade later, during a period of recession in Brazil, it had been transformed into a growing company with profits of 10per cent on sales of $37 million.

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Maverick by Ricardo Semler

This is an account of an extraordinary company "turnaround" achieved by the ultimate in participatory management. Ricardo Semler inherited his family company, Semco (manufacturer of marine pumps, industrial dishwashers, truck filters and mixing equipment), when he was aged 19. By 1980 it was on the brink of bankruptcy - but a decade later, during a period of savage recession in Brazil, it had been transformed into a rapidly growing company with profits of 10% on sales of $37 million. This was achieved by Ricardo Semler throwing out the rule book: getting rid of all manuals and written procedures. Workers make the decisions previously made by their bosses. Assembly-line workers can come and go as they please set their own schedules and production schedules. Every corporate decision is put to the vote. Some workers even set their own pay levels. This was all achieved by a series of 30 programmes designed to change the entire working environment. Ricardo Semler is Chief Executive Officer of Semco, a Brazilian manufacturing company.
SKU Unavailable
ISBN 13 9780712654517
ISBN 10 0712654518
Title Maverick
Author Ricardo Semler
Condition Unavailable
Binding Type Hardback
Publisher Cornerstone
Year published 1993-09-16
Number of pages 288
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.