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Semco Style is a common sense based democratic management framework that is best suited for the information age we live in. It believes in organizing wisely around people instead of smartly around processes and structures. Semco Style organizations treat adults as adults, put people above procedures and see individual freedom & self-interest as the basis of collective alignment. It 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. He went about democratizing 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%. Over the years, Semler has fine-tuned this 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 more than 100 powerful practices. These key principles are:
Extreme Stakeholder Alignment
These principles go beyond the notion of self-governance and are inter dependent. Eliminate one and the others become less effective.
What is holding you back from implementing democratic management ?
If it is one of these 10 myths, let Ricardo Semler debunk these for you in this free e-book - Top 10 myths about Democratic Management.
Semcostyle Institute India is a venture by industry veterans with extensive experience playing leadership roles in setting and scaling up marquee corporations in India. With a shared passion for driving a more people-centric democratic management in organizations, they came together to form Semcostyle Institute India.
Semcostyle Institute India is a licensed country partner of Semco Style Institute, co-founded by Ricardo Semler and three Dutch entrepreneurs in the Netherlands in May 2016.