Saturday, April 29, 2017

How to run a company with (almost) no rules by Ricardo Semler (TED 2014)

How to run a company with (almost) no rules
by Ricardo Semler (TEDGlobal 2014)

Why you should listen

After assuming control of Semler & Company (Semco) from his father in 1980, Brazil's Ricardo Semler began a decades-long quest to create an organization that could function without him, by studying and then implementing what could best be called "corporate democracy", allowing employees to design their own jobs, select their supervisors, and define pay levels. He has then applied the same principles to education, banking and hospitality. All with very good results. 

He's now promoting the idea of designing organizations -- companies, schools, NGOs -- for wisdom. With a question as a starting point: If we were to start from scratch, would we design organization X the way we have done it?

What others say

“Business plans are just wishful thinking. Have you ever seen one that says, 'I’m going to go up 5% and then down -14%'? Because that's what happens in practice.” —

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