Week 5 assignment Example | Topics and Well Written Essays - 1000 words

Week 5 - Assignment ExampleThe cultural change that was introduced in the company turned around its near bankruptcy position with the arrogance of Ricardo Semler, Antonio Semlers son, a Harvard educated man. He implemented drastic change upon assumption as the new CEO of Semler. Upon assumption as the new CEO, Ricardo Semler laid-off two-thirds of the top management of Semler & Company and that included many close friends of his father. This would not have been possible under his father because Antonio Semler did not separate work from his private relationships.The new set-up of the company was also a socially responsible to do to save the company and to introduce a new kind of company nicety which is a total departure of the old autocratic style of leadership of the company. The young Semler felt that the old autocratic leadership thwarted peoples motivation and creativity. Thus, he decided that the authority to make decisions at Semco to be more evenly distributed to be more re sponsive and competitive in a globalized economy. In the process, he dismantled the rigid bureaucracy and structure of the company to make it more flexible based on the new three determine of the company employee participation, profit sharing and free flow of information. And to emphasize the change, even the name of the company was changed from Semler & Company to Semco. There were a lot of changes that can be considered drastic if it will be compared to the old leadership. Strategy wise, among them product was product diversification and the creation of Nucleus of Technological Innovation (NTI). Leadership and ethical purview was also changed to democratic and participatory to the point that employees can already direct themselves- set their own budget, even their own salaries and even the hiring and firing decision of two employees and managers and above all to make the company a professional and ethical business