Semco's Approach Essay

527 words - 3 pages

Semco’s approach to management.

Semco’s approach of management is pretty unique and is guided by three important values and concepts: employee participation, profit sharing and transparency. There is no formal organizational chart and there is only four official title and three management layers in this system. The corporate layer also called counselors is composed of five managers who apply a supervisory leadership system where all company’s strategic information is shared to employees and important decisions voted with the entire workforce. All the employees are autonomous in their work and are treated as responsible adults who would always do their best for the company as they are sharing decisions but also profits.

Employees set their own salary based on what they can bring to the system and how hard it ...view middle of the document...

Thus, every six months, employees have an opportunity to take new challenges or match their work positions with their professional or private life expectations. Best specialists are easily recognized and talented workers or new leaders would emerge by themselves. Finally, this system shows a “Total Quality Management” approach that would naturally help attracting the best talents from other companies.

Another interesting aspect of this lightly regulated management approach is the excellent work life balance provided to all employees. There are no company’s internal rules and employees can set, for instance, their working hours and vacations. Flexibility is almost unlimited for workers as soon as their work objectives are reached. The company considers that it does not worth regulating and fixing rules for the few of employees who would abuse the system. These unattractive employees would naturally change their behavior to match with the best practice of other workers or in some rare case leave the company “by themselves”.

Another very important aspect of this management approach is the absence of corporate vision. Semco’s is constantly changing adapting the short-term (6 months) strategy and goals by considering any new opportunities initiated and developed by the employees themselves. They promote internal creativity by asking anyone within the structure to analyze and propose new ideas of business developments. All the employees or the represents quickly evaluate these new concepts or businesses and if profitable a new “cell” or venture is created. Then, the initiators and other volunteered employees will run this new business in autonomous and prove within six months that this new activity is profitable. This management approach promotes creativity and innovation within the company. It also helps keeping a high level motivation for high potential workers who would always find an opportunity to explore and develop their talent.

Other Papers Like Semco's Approach

Holidays In Albania Essay

1636 words - 7 pages Have you ever thought about having exciting and incredibly cheap vacations? Albania might be the right choice. According to My Travel Guide, Albania is ranked the fourth among ten places worth visiting in Eastern Europe (“Top 10 Eastern European Destinations”). One can encounter three kinds of vacations in this Mediterranean country: winter, summer, and cultural. The ideal places to spend your winter vacations are the Albanian Alps. They are

A Heart Of Darkness Essay

1748 words - 7 pages In this short story, there are frequent significant subject and ideas that make the story, "A Heart of Darkness," by Joseph Conrad, and haunting novel. The main theme is absolute white power over the natives. The theme validates the corruption, and the dependence caused by the white people as they took over the Congo. White men were giving all the power; they had no self-control, and in the end they did not use wisely. The white men became

The Aspects Of Vulnerability Among The Exploited In Medical Research

2287 words - 10 pages Essentially, everyone is in some state of vulnerability. However, some of us are more susceptible to harm due to our vulnerabilities. The susceptible are the individuals with the greatest risk. These individuals risk the loss of their autonomy, and maybe even their lives. Vulnerable populations can be found in every subset of society. However, as previously mentioned, there are some vulnerable populations that are at an even greater risk than

The Hitchhiker’S Guide To The Galaxy

1171 words - 5 pages The Hitchhiker’s Guide to the Galaxy As the human race makes life-changing discoveries, it is made apparent that there is always more to learn as the universe, instead of becoming familiar, is becoming absurd. The Hitchhiker’s Guide to the Galaxy, written by Douglas Adams, as well as the 2005 film adaption, portrays absurdity to be an all-encompassing system in the universe. Through the introduction and attempt to understand lack of reason, the

The Ford Motor Company Wage Increase Of 1914 And The Theory Of Incentives And Efficiency Wages

1252 words - 6 pages ‘It’s not the employer who pays the wages. Employers only handle the money. It is the customer who pays the wages’ (Henry Ford, cited in Johnson and Weinstein 2004, p. 2). When the Ford Motor Company announced that it would more than double the wages of its workers in January 1914 to a ‘five-dollar day’ minimum, was this a contradiction to Henry Ford’s statement? If customers are actually the ultimate payers of wages, then more than

Historical Analysis Of The Economical Breakthroughs Of The Industrial Revolution

1396 words - 6 pages A Historical Analysis of the Economical Breakthroughs of the Industrial Revolution During the Industrial Revolution, many elements of society experienced huge breakthroughs that would change the way they functioned forever. Economics were definitely one of them. With many new inventions and many factories appearing, many, many, more resources were being created than ever before. Also, all of the revenue from these resources was being given to

Leadership Portrayed in Monologue from Shakespeare’s Henry V

1214 words - 5 pages Leadership is defined as a socially constructed process and which also affect organizational future outcomes. Leader is someone at high position who have overall duty for an organization, she or he decide what to do and the way how to achieve it. (Carter and Greer, 2013)The role of leader is extremely important for an organization, leader use their own power to influence the followers though many different ways such as motivation in order to

Cuba Civil Rights

1906 words - 8 pages Picture a country that has limits on how much you can make random government imprisonments and more what do you do. That is the situation for the eleven million seventy-five thousand two hundred forty-four people of Cuba since the takeover of Fidel Castro. The US is opposed to Castro taking control of Cuba. Castro managed to ease the United States nerves when he said that Cuba was against all forms of communism. According to Lana Wylie the Union

US Freight System

1273 words - 6 pages ), focus in a specific transportation segment, making easier to their members to feel identified, and easier to these associations to offer differentiate products and services. Competitors also have programs to influence legislative decisions on the federal and state level: “Through a multi-faceted approach that includes written communications, personal visits with legislators in Washington, and hosting legislators for tours of your company’s

Democratic Peace Theory

1852 words - 8 pages Intro: US Presidents have made it a goal during their term(s) in office to establish a good relationship with foreign countries and even try to improve upon existing connections with our allies. Some believe it is to prevent conflicts between the countries while others dispute that it is a threat assessment by the United States to pick and choose their friends and enemies. Preventing conflict between two democracies or countries that practice

Booker T. Washington

1621 words - 7 pages “Success is to be measured not so much by the position that one has reached in life as by the obstacles which he has overcome” –Booker T. Washing. Booker Taliaferro Washington was born in Hale’s Ford, Virginia on April 5th, 1856 to Jane Burroughs and an unknown White man. Washington was married three times. His first wife was Fannie N. Smith from Malden, West Virginia. Booker and Fannie were married in the summer of 1882 and had one child

Related Essays

Semler's Leadership Style Essay

2788 words - 12 pages marketing strategies, uncover production inefficiencies, and dream up new lines of business.  Pay for Skills Semco's approach to compensation seems, at first blush, impossibly complicated. There are employees on fixed salaries, part-timers, and a number of variable salaries composed of royalties and bonuses. Some employees have a combination of fixed and variable salaries.  EMPLOYEE DRIVEN STARATEGY OFLEADERSHIP IN SEMCO GROUP OF COMPANY

Freedom And Responsibility Essay

2141 words - 9 pages Built within the Constitution of the United States are specifically defined freedoms that are guaranteed to all citizens. Conversely, with every constitutional freedom there comes a corresponding responsibility. On September 25, 1789, the state legislature’s twelve proposed amendments were transmitted by congress, the first two dealing with congressional representation and congressional pay. The following numbers three through twelve were

Hate Crime Laws Essay

2348 words - 10 pages On June 7, 1998, 49-year-old James Byrd Jr. of Texas accepted a ride from three white men, who then beat him severely, urinated on him, chained him by his ankles to the back of their pick-up truck, dragged him for three miles into the countryside, and dumped his corpse in front of an African-American cemetery (Graczyk). A little over a year later, a jury sentenced ring leader John King to death by lethal injection (“Man Executed for Dragging

Rational Emotional Behavior Therapy Case Study Conceptualization And Treatment Plan

2140 words - 9 pages disturbed by her view of the events which have recently occurred in her life as opposed to the events themselves, REBT would state that Sarah’s “basic human motivation is to obtain pleasure and avoid pain” (Murdock, 2009, p. 279). Following the REBT approach to therapy, the therapist will strive to teach Sarah to identify irrational beliefs as she functions as the student and works toward employing rational beliefs and thus improving her mental