ABOUT SEMCO PARTNERS

Originally called Semler & company.

Was founded by Antiono Kurt Semler in Sau Paulo ( 1952 ).

Current CEO of the company : Ricardo Semler.

Manufacturing Centrifuge and Shipping equipment's.

Handed over to Ricardo Semler ( 21 years old ) in 1980.

In today’s date the company operates in more the 20 sectors.

WHAT SEMCO DOES

Manufactures pumps, industrial dish washers, cooling units, industrial machinery.

Runs office buildings’ data centers.

Provides consulting services on environmental issues,

Create software for internet applications, ATM services.

Manage human – resources activities for major companies.

ABOUT RICARDO SEMLER

Born in 1959 in Sao Paulo , Brazil.

Chief executive officer and majority owner of Semco Partners.

Under his ownership, revenue has grown from $4 million ( 1982 ) to $212 million (2003).

The wall street Journal American Economia , The Wall Street Journal’s Latin Americanmagazine, named him Latin American businessman in the year 1990.

Was named Brazilian Businessman of the year in 1990 and 1992.

Has since written two books in English :

Maverick ( published in 1993 ).

The seven Day Weekend ( 2003 ).

No receptionists, secretaries or personal assistants.

No headquarters, no job titles.

No mission statement.

People set their own working hours.

People set their own salaries.

Workers choose their managers and evaluate them twice in a year.

Profit sharing

21 page “survival manual”.

CHANGES AFTER SEMLER ENTRANCE

THE SEMCO SURVIVAL MANUAL

1.Organisation chart 2.Hiring

3.Working hours 4.Working environment

5.Unions 6.Strikes

7.Participation 8.Evaluation by subordinates

9.Factory committees 10.Authority

11.Job security 12.Change

13.Clothing and appearance 14.Private life

15.Company loans 16.Pride

17.Communication 18.Informality

19.Suggesstion 20.Semco women

21.Vacations

SEMLER’S 3 VALUES

CORE MANAGEMENT VALUES

Democracy

Information Profit sharing

DEMOCRACY

“A high percentage of organizations develop a military rationale, whereby only a small number people make all the decisions. There is little wonder, then, that people aren’t keen to get out of bed and come to work on a Monday morning.” – R. Semler.

PROFIT SHARING

“The best way to invest corporate profits is to give them to the employees.” – R. Semler.

INFORMATION

“If you look at any kind of organization and you think, ‘what are the foremost tools of power?’ You will find that it is information.” – R. Semler.

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ORGANIZATIONAL STRUCTURE

An organizational structure defines how activities such as task allocation, coordination and supervision are directed towards the achievement of organizational aims. It can also be considered as viewing glass or perspective through which individuals see their organization and its environment.

Organizational structure is a system used to define a hierarchy within an organization. It identifies each job, its function and where it reports to within the organization.

UNIQUE ORGANISATIONAL STRUCTURE

CEO

EMPLOYEES

EMPLOYEES

EMPLOYEES

EMPLOYEES

STORY ABOUT SEMCO CULTURE

The wife of one Semco employee came to meet the human resource person one fine day. The reasons for her visit was to ask the HR person as to what they have done to her husband, he no longer shouted on her and their kids and asked everyone what they wanted to do on the weekend. In short from being grumpy and autocratic he had become more caring and affectionate to everyone. That’s what Semco culture does to its employees.