Semco's Radical Democracy: How Employee Empowerment Drove Unbelievable Growth

TL;DR;

Semco, a company with a unique democratic approach to management, achieved remarkable growth and resilience by empowering employees through open books, self-set salaries, profit sharing, and voluntary meetings. This system fostered shared sacrifice and better decision-making, enabling Semco to outperform competitors even during Brazil's economic collapse in the 1990s.