
Managing Without Managers by Ricardo Semler
Flashcard
•
Business
•
University
•
Hard
Giulia Vivaldi
FREE Resource
Student preview

102 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is the primary management philosophy at Semco?
Back
Democracy, profit sharing, and information sharing.
2.
FLASHCARD QUESTION
Front
How many employees does Semco have?
Back
800 employees.
3.
FLASHCARD QUESTION
Front
What unique practice does Semco implement regarding employee working hours?
Back
Employees set their own working hours.
4.
FLASHCARD QUESTION
Front
What percentage of after-tax profit is shared with employees at Semco?
Back
23%.
5.
FLASHCARD QUESTION
Front
What was Semco's profit margin in 1988?
Back
10% on sales of $37 million.
6.
FLASHCARD QUESTION
Front
What are the three fundamental values of Semco's management programs?
Back
Democracy, profit sharing, and information.
7.
FLASHCARD QUESTION
Front
What significant change did Semco make to its organizational structure?
Back
Transitioned from a pyramidal hierarchy to a circular structure.
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