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Maverick: The Success Story Behind the World's Most Unusual Workplace Hardcover – 16 Sep 1993
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"The way that Ricardo Semler runs his company is impossible; except th at it works, and works splendidly for everyone. I relish this book. It revived my faith in human beings and my hope for business everywhere" (Charles Handy)
"In this book, Ricardo Semler tells how Semco, Latin America's fastest growing company, uses a revolutionary way of working to run a profit-making company with a work force who love their jobs." (The Sunday Times)
"Are there real-life lessons to be learned? The answer is yes...Pragmatic, inspirational and intriguing advice." (The Times)
"Ricardo Semler is our kind of capitalist" (Guardian)
"Semco takes workplace democracy to previously unimagined frontiers" (The Times) -- Dieser Text bezieht sich auf eine vergriffene oder nicht verfügbare Ausgabe dieses Titels.
The international bestseller that tells how Ricardo Semler created one of the most successful and inspirational companies in the world. Con tains a new introduction by the author -- Dieser Text bezieht sich auf eine vergriffene oder nicht verfügbare Ausgabe dieses Titels.See all Product description
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I really couldn't believe that some of the procedures & practices this organisation implements could work. But they do - spectacularly! Has some very challenging repercussions for the way I do things in my own little sphere. Have I got the guts & conviction to carry them out?!
Minor grumble - books with spelling & grammar mistakes are a real bug-bear of mine. They're basically faulty goods. Hence it loses a star!
Wonderful you must read it.
Semlers assessment of Human Resource Management (HRM) practice is truly radical but built on a foundation of good management practice and a healthy dose of common sense. HRM managers and departments confuse traditional and successful hierarchies and should be the first thing to be axed if any organisation is serious about survival in the 21st Century.
Excellent book and guide, highly practical and an enjoyable read.
The main points is to have a work place based on trust, democracy and openness.
The author fired three quarters of the management and let people be their own boss, when a boss is needed they are called Coordinators who are not necessary better payed or higher ranking than the people they organize. Also Coordinators cannot hire/fire workers. Each worker decides their own working hours and pay.
Workers vote on such topics as who gets to be their Coordinators and hiring/firing. There has been research into how people behave in groups and it has been found that democratic groups get better creativity and are more happy than authoritarian run groups.
The author states that only source of power in an organization is information, and withholding, filtering, or retaining information only serves those who want to accumulate power through hoarding.
Once a month Semco holds open meetings for the employees of each unit, where all the numbers in the business are presented for open examination and debate. The company also offers courses to help employees better understand financial reports such as balance sheets, Profit-and-loss reports, and cash flow statements.
The author recommends businesses are deliberately kept small ( not more than 150?) so that people feel their opinion still makes a difference. He feels the economies of scale that big business have is over rated and actually creates many opportunities for wastefulness.
25% of the profits are given to the workers as bonuses with everybody getting the same bonus. This is to help motivate and rewards workers even tho it's a big drain on the businesses profits. The author states "I rather own the tail of a elephant than a entire ant".
The author makes note of the importance of behaving ethically in business even if that means losing money.
What this book recommends is a big shift in the normally authoritarian military ways businesses usually work.I am not a expert on business set up but what this book recommends is actually nothing new in fact it sounds like a workers co-op (workers control and own business) but without workers owning the business.
The book got a sequel called "The Seven-Day Weekend" I think this original is the better of the two but get both anyway because the sequel does add a few good ideals not in the original.
It's good to see businesses like this thrive and it shows a business can have happy workers, be ethical and still do well.
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