After the Second World War, in devastated, rural Bosnia and Herzegovina, a country of illiterate people, the entrepreneur Emerik Blum created a large and successful global company, "Energoinvest," that operated worldwide with a billion dollars in profit. Taking advantage of the specific position of Yugoslavia that was between East and West, socialism and capitalism, the company operated on a worlwide unique business model based on the workers’ participation in management and profit. Blum turned a small engineering atelier into a great company success by operating under the self-management model. The self-management model is a system in which all employees in a factory or enterprise decide on everything concerning their company. This most democratic model worked excellently in this case but is largely unknown today
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