Semcostyle Institute India
Semcostyle Institute India is a venture by five industry veterans with extensive experience playing leadership roles in setting and scaling up marquee corporations in India. With a shared passion of driving a more people centric democratic management in organizations, they came together to form Semcostyle Institute India which is a licensed country partner of Semco Style Institute, cofounded by Ricardo Semler and three Dutch entrepreneurs in Netherlands in May 2016. The institute offers consulting services, training programs for consultants, change makers and entrepreneurs who are looking to create purpose driven organizations with happy employees.
The Semco Style Institute aims to continuously evolve the Semco Style of organizing by creating a community of Certified Consultants and Semco Style Change Makers who can learn from each other.
Semco Style first came into being in 1980, when a 21-year old Ricardo Semler took over the Semco Group, a mixer and agitator manufacturer, from his father. On his first day, he fired 60 percent of all top managers. He continued to democratize the company, turning the old corporate hierarchy on its head by delegating as much decision power to the workforce as possible. In 20 years’ time, he grew the company from 90 to 3000 workers and from $4 million dollars to $212 million dollars in annual revenue - with an employee turnover of only 2%.
Today, Semco Group has evolved into Semco Partners. Semco Partners works with foreign companies to help them expand into the Brazilian market. They do this by employing a sophisticated joint venture model that combines Semco Style management practices with the partners’ expertise and product lines.
Implementation of Semco Style in the new companies thus created has yielded an IRR of 46,5%. This is a testament to the fact that, companies that adopt Semco Style are more effective, profitable and flexible, and have higher customer satisfaction and happier co-workers.
What is and what isn’t
Over the years, Semler has fine-tuned his management approach and strengthened it with a theoretical foundation to create the ‘Semco Style’ of organizing. Semco Style builds on five pivotal principles that form the basis for some 30 management programs and more than 100 powerful practices. These key principles are:
- Alternative controls
- Extreme stakeholder alignment
- Creative innovation
These principles go well beyond the notion of self-governance and are interdependent: eliminate one, and the others become far less meaningful.
What Semco Style isn’t is a recipe you should simply follow, it is not dogmatic or unchangeable. Semco Style is the result of a lot of trial and error, of taking a few steps forward and a couple back, and it strives to remain a work in progress indefinitely.
The Semco Style Institute aims to fuel the ongoing evolution of the Semco Style of organizing by creating a community of Certified Consultants and Semco Style Change Makers who can learn from each other.
Together, we will create organizations that are able to transform themselves continuously and successfully. Organizations that make people look forward to coming to work every day.