The Story of FAVI: The Company that Believes that Man is Good (eBook, ePUB)
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Imagine a company that doesn't raise selling prices for a couple of decades and still makes a profit. And it doesn't miss the delivery deadlines, although it has no bosses, and there are no departments that deal with personnel, procurement and planning either. Employees of such an organization are not late, fulfill the production norm and solve problems on the spot themselves. Agree, it sounds utopian. However, such a company exists. The small French company FAVI, which manufactures rotors and forks for gearboxes, has been adhering to the principles of turquoise management for many years: valu...
Imagine a company that doesn't raise selling prices for a couple of decades and still makes a profit. And it doesn't miss the delivery deadlines, although it has no bosses, and there are no departments that deal with personnel, procurement and planning either. Employees of such an organization are not late, fulfill the production norm and solve problems on the spot themselves. Agree, it sounds utopian. However, such a company exists. The small French company FAVI, which manufactures rotors and forks for gearboxes, has been adhering to the principles of turquoise management for many years: values over profit, and instead of a rigid hierarchical structure, autonomy and self-organization. In the book Managing Through Trust, former FAVI CEO Jean-Francois Zobrist explains how he managed to change the structure of the organization, what it is like to be a "round" company in a "square" world, and how a management system based on trust works.
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