Management in Semco

Type :

Term papers

Pages :

6 pages

Format :

.doc

Published date :

03/05/2009

Category :

Business & market

Sub category :

Management

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Summary :

Introduction.
Background to Semco.
Study approach.
Semco's organization design.
Similarities and differences with conventional theories.
Perceived effectiveness.
Differences between Semco and traditional HRM approach.
Conclusion.
References.

Abstract

semco is one of the most interesting companies of the modern century, where there are no time clocks, job titles, security check and receptionists. It is one company where people unanimously decide who their bosses will be, their salary etc. semco as argued by many management articles is an epitome of management incorrectness. semco style of running business is today recognised as one of the most effective method of management. "Reengineering the business process", a series run by BBC has also recognised semco as one of the top 5 successful management structures across the globe (http://www.bbc.co.uk). Ricardo Semler, CEO of semco, author of two books "Maverick" & " Seven Day Weekend", chief manager has surely shown the world a new style of management. Though many managers admire him, very few have actually tried to reproduce his management style.

Background to semco
Antonio's father wanted him to be a good physician but Antonio after graduating in engineering from Vienna had some other plans (Maverick, pg. 9). Founded in the year 1953 by Antonio Curt Semler, father of Ricardo Semler, semco's organization structure was very much similar to any other organization with very rigid hierarchy and a rule or policy for every small thing. Ricardo Semler was born in the year 1959 Sao Paolo, Brazil. Before Ricardo taking over the business his dad ran, it had a very autocratic style of management. Initially, Ricardo continued with the conventional way of working. He started running the organization in a very controlled and disciplinary manner. Soon the stress work and the Semler's sickness forced him to rethink on his way of running the business. This is when he started attacking what he believed was "Corporate Oppression".