Ricardo Semler: Democratization Instead of Decentralization
Decentralization has been around for very long, but with protracted results due to top-down hierarchical organization structures. Decentralization is only a fad and true decentralization is hardly practiced. Final decisions are still in the hands of top leaders who work for only one stakeholder viz the stockholder.
One exception has been manufacturing company Semco SA of Brazil where Ricardo Semler has proved that democratization
and not decentralization is the real way to let the average worker participate in the decision making process.
The company's continued success and expansion is proof that this is the only way to include the average worker into the decision making framework - one that works for all the stakeholders. This is how true decentralization takes place.