how three very important people keep a handle on their employees. Steve Jobs co-founder of Apple and his non-text book approach to an autocratic managing style‚ CEO of Google Eric Schmit and his laissez-faire catastrophe and Ricardo Semler CEO of SEMCO and his participative ways that surprisingly seem to be working. All run in different markets and have created their own rules to follow. They are the companies paving the way and demonstrating how to be successful in traditional ways but with their
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SEMCO A ‘Maverick’ Organization I don’t want to know where SEMCO is headed. It doesn’t unnerve me to see nothing on the company’s horizon. I want SEMCO and its employees to ramble through their days‚ to use instinct‚ opportunity‚ and ingenuity to choose projects and ventures. - Ricardo Semler‚ CEO‚ SEMCO1. Admiring though many are‚ few have tried to copy him. It seems that the way he works‚ letting his employees choose what they do‚ where and when they do it‚ and even how they get paid
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Ricardo Semler and Semco S.A Ricardo Semler took over the business after his father at a relatively young age‚ only 24 years old. He brought in an entirely new organizational structure that led to a completely different culture in the company. During his father’s reign‚ Semler & Company was a typical company where most of the powers were centralized. There was hierarchy and people at the top held most of the powers. Ricardo‚ after renaming the company to Semco‚ changed everything into a whole
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THE GOOD‚ THE BAD AND THE UGLY The Good: SEMCO International Management – MSc Organization A.Y. 2009 – 2010 Ettore Penazzato TABLE OF CONTENTS 1. SEMCO in brief 3 2. Reorganization of the company: context‚ actions & impacts 4 2.1 Changing the organizational structure 5 2.2 Profit-sharing program 7 2.3 Participatory decision-making 7 3. Evaluation based on the course material 7 3.1 HRM Practices 7 3.2 Empowerment of the employees 8 3.3 Intrinsic
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QUALITY TEAMWORK What is a Team? A group of people with a full set of complementary skills required to complete a task‚ job‚ or project. IMPORTANCE OF TEAMS Teams promote equality among individuals‚ encouraging a positive attitude and trust. The diversity inherent in teams often provides unique perspectives on work‚ spontaneous thought‚ and creativity. Teams develop a greater sense of responsibility for achieving goals and performing tasks. Teams can provide the capacity for rapid
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Describe a team sport that interests you Football has always been a sport that catches my attention‚ do the amount of teamwork that the game requires. Another reason I like the sport is that every players position is crucial in the game and in order for the team to reach their goal they have to be able play in sync to out smart the other team. The teams in the game are composed of eleven players; the coach coordinates which player plays on defense or offense depending on the player’s physical
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by the month‚ regardless of job description‚ and more than 150 of our management people set their own salaries and bonuses. This may sound like an unconventional way to run a business‚ but it seems to work. Close to financial disaster in 1980‚ Semco is now one of Brazil’s fastestgrowing companies‚ with a profit margin in 1988 of 10% on sales of $37 million. Our five factories produce a range of sophisticated products‚ including marine pumps‚ digital scanners‚ commercial dishwashers‚ truck filters
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Title: The A Team Artist: Ed Sheeran Text Type: Oral Text I find lyrics to “The A Team” by Ed Sheeran very deep and emotional and although I am not able to relate to them personally I am able to understand what this person has been or is going through. The song is about is about a woman with a drug addiction and the things she has to go through on a daily basis. The song tells us she “Hopes for a better life” but is too far into her addiction to change. The song says “And in her pipe she
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KAIZEN SCHOOL OF BUSINESS MANAGEMENT MARKS: 80 COURSE:MBA SUBJECT: General Management N.B: 1} Attempt all the questions Name: Manoj Kumar Gupta Reference No: KP00510-20444 ____________________________________________________________ _________________ Case -1 The “FedEx” of Junk Removal Eighteen thousand expired cans of sardines. Fifty garden gnomes. A mechanical bull. An antique silver set (worth a lot of money). That’s just some of the weird stuff that 1-800-Got-Junk? customers have asked
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RICARDO SEMLER AND SEMCO S.A. * Mr. Ricardo Semler‚ One of the youngest ever MBA graduate from Harvard took control of his parental business at the age of 24. * He renamed the company SEMCO‚ implemented the aggressive product diversification strategy and consequently within 6 years SEMCO transformed to $100 million Company from $35 million. * Right from the first day he was focussed to diversification as his belief was that diversification in other product line can save the future
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