A couple of weeks back we had a lecture on creativity and thinking out of the box. The instructor decided to show us a video and claimed that it would blow our socks off.
It blew my shoes off as well.
Ricardo Semler is the pioneering CEO of Semco and he talks about a revolutionary new way of managing a company. The numbers show that it has certainly worked for Semco.
I won’t reiterate what he says in the video. The guys over at 37Signals have covered it in some detail here. It really is a must watch, especially for people thinking of starting their own business or doing an MBA.