Tag Archives: Semco


Why aren’t we funding management innovation?

surpriseAfter meeting with a client yesterday, I was reminded of this quote:

“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

This scares the hell out of everyone and so no one believes this is possible (it is). And because no one believes it, they will never try.