Posted on: August 9th, 2006 @ 08:01
I came across a cool site this morning about work and business, and found this tidbit rather striking, so I thought I’d share it:
Semco has no official structure. It has no organizational chart. There’s no business plan or company strategy, no two-year or five-year plan, no goal or mission statement, no long-term budget. The company often does not have a fixed CEO. There are no vice presidents or chief officers for information technology or operations. There are no standards or practices. There’s no human resources department. There are no career plans, no job descriptions or employee contracts. No one approves reports or expense accounts. Supervision or monitoring of workers is rare indeed.
Most important, success is not measured only in profit and growth.
- Ricardo Semler
And yet they increased annual revenue between 1994 and 2003 from $35 million a year to $212 million. Read more about Semco here.
Semco sounds like a pretty amazing company! There are a lot of articles out there on Semco and its CEO, Ricardo Semler. My reading list just grew a bit longer.
