Article by: Ricardo Semler

Presented by: Raveel HameedPresented by: Raveel HameedReg# 3854Reg# 3854

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

Democracy and Employee Democracy and Employee InvolvementInvolvement

Organizational Pyramids

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

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

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

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

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