Recording: How We Buy Companies And Transform Them Into A Force For Good
Buying companies and transforming them into a force for good. That's what we do with our company Krisos. Last week, we organized a webinar in which we shared the ups, downs, challenges, and success at the first company we bought.
The company we bought last year is Indaero. It operates in the aerospace and medical sectors (with Airbus as a main customer in the former). With more than 50 years in the market, Indaero has designed and manufactured protective equipment, flight simulators, mechanical boxes and interior equipment.
Sharing our approach
In the webinar, we were joined by Darío (former owner and CEO), Julian (Indaero's youngest staff member), and Dunia (co-founder of Krisos and the person coordinating the transformation from our side).
We talked about how we:
- Replace 5 layers of hierarchy with 7 self-managing teams
- Run an entirely bossless organization
- Remove status symbols & privileges
- Create full financial transparency
- Implement a more balanced (and fully transparent) salary model
- Replace top-down with shared decision-making
- Introduce profit sharing for all
And of course, we talk about the personal challenges of working in a bossless organization.
A force for good
Through Krisos, we put into practice the most impactful transformation approach we have researched over the years.
Doing so, we show the power of this radically progressive way of working for people, for organizations, and for society.
Some of the results so far?
- Salaries have been increased 24% (on average)
- Personal development is taking off, with lots of training and learning going on
- 25% of profits are distributed among all co-workers
- Vacation days have gone from 21 to 30 days
- Teams have been set up to drive bold efforts in sustainability and ethics
- We planned to have 50% more returns in 2024
- Just a few months in, we're 180% ahead of those ambitious plans
- January and February the company achieved record sales
- Number of people has grown 20%
- Company valuation is up 31%
Watch the recording below:
The slides of the session can be downloaded here.
20% discount ends tomorrow
Every month, we organize online sessions similar to the one above for Corporate Rebels members. We explore pioneering organizations, transformations, and specific practices of the world's most progressive organizations.
We have a promotion that expires tomorrow evening. If you become a Corporate Rebels member now, you get a 20% discount.
Simply go to this page and enter promotion code MAKEWORKMOREFUN20 at checkout.
