A management system in which authority is distributed among self-organizing teams rather than being controlled by a centralized hierarchy. This approach aims to increase efficiency, innovation, and employee engagement by giving teams more autonomy.
“The company decided to adopt a holacracy system to increase agility and responsiveness to market changes.”— Business
“By implementing holacracy, the tech firm aimed to reduce bureaucracy and foster a culture of innovation and collaboration among its employees.”— Technology
Origin: Originated from the Greek words 'holos' meaning whole and 'kratos' meaning power, referring to a system where power is distributed throughout the organization.
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