Books by the SEMCO founder, Ricardo Semler:
Maverick - http://www.amazon.com/Maverick-Success-Behind-Unusual-Workpl...
The Seven Day Weekend - http://www.amazon.com/Seven-Day-Weekend-Changing-Work-Works-...
Some excerpts off his book on 37signals: http://37signals.com/svn/posts/945-excerpts-from-ricardo-sem...
His book: http://www.amazon.com/Maverick-Success-Behind-Unusual-Workpl...
There are many companies that operate using democracy as an organizing principle - Semco is the great-granddaddy of them all (two books - Maverick[1] and the 7 Day Weekend[2] - were written by Semco's founder, Ricardo Semler, about how Semco operates).
Other well-known democratically-run companies include Zappos, WL Gore, DaVita (a $12B company), and Dreamhost.
If you're interested, take a look at WorldBlu[3] for more - they've been building a community of these kinds of companies, have tons of resources on their site, and even have a conference on organizational democracy.
[1] - http://www.amazon.com/The-Seven-Day-Weekend-Changing-Works/d...
[2] - http://www.amazon.com/books/dp/0446670553
[3] - http://worldblu.com/
Here are a couple of top Google results: http://www.managementexchange.com/blog/forget-empowerment-ai...
http://www.ict.swin.edu.au/personal/ebihari/
and even a version of The Art of War: http://www.worldmarkacademy.com/moodle/file.php/1/3.pdf
Mavrick describes how all salaries were publicly posted. People see exactly where they are in relation to others. Of course this created tension at first, but eventually things settled. The magic happens during hiring. An open position's salary is also public, and everyone on an interview panel naturally ranks candidates versus current employees. Is the candidate better than Joe? She better be because she'll be making more than Joe.
Has anyone heard of a tech company doing something like this?
[1] http://en.wikipedia.org/wiki/Maverick_(book)
[2] http://www.amazon.com/Maverick-Success-Behind-Unusual-Workpl...
Good to Great features abstract bullshit with virtually no concrete practices. If you're not a details person, by all means read good to great and use a divining rod to try to steer your company to success.
http://www.amazon.com/Maverick-Success-Behind-Unusual-Workpl...
Wonderful statement. Only in extreme cases does it seem untrue for thought-workers.
If you're interested in the idea of people simply declaring their productivity (and worth), Maverick by Semler is a good read: http://www.amazon.com/dp/0446670553
I would say Mediocre hires hurt you THRICE. Twice for the reasons you mention, and the third one is all the good folks leaving since they can't stand mediocre people.
One big company that seems to do well, at least from the outside is Semco in Brazil. Watch Ricardo Semler's "Leading by Omission": http://mitworld.mit.edu/video/308/ and read his book "Maverick": http://www.amazon.com/dp/0446670553. This is of course an anomaly since most companies don't work this way.
https://www.amazon.com/Maverick-Success-Behind-Unusual-Workp...