Definition:
A method of decentralised management and organisations governance is Holacracy. In Holacracy, authority of decision making is distributed through a holacracy of self-organised teams.
Benefits:
- Increases agility, efficiency, transparency, innovation, accountability within an organisation
- Encourages individual team members to take initiatives
- Concerns and Ideas of team members are addressed
- Reduces burden on leaders to make all the decisions
Origin:
Ternary Software, an Exton Pennsylvania company has developed Holacracy experimenting with more democractic form of organisational governance. The best practices of organisational system were distilled by Brian Robertson (Founder, Ternary Software) and known as Holacracy.
The term is derived from Holarchy coined by Arthur Koestler in the book ‘The Ghost in the Machine’.
Further Reading:
- Holacracy: The New Management System for a Rapidly Changing World by Brian Robertson