holacracy

Vocabulary Word

Definition

'Holacracy' is a way to manage a business. It's where decisions are made as a group, not just by the boss. It gives more power to the employees and is more flexible.

Examples in Different Contexts

A tech startup utilizing holacracy can rapidly adapt to market changes, with teams autonomously making decisions and innovating without awaiting approval from higher-ups.

Practice Scenarios

Business

Scenario:

Our traditional hierarchy seems restrictive. We need an approach that encourages interactive decision-making.

Response:

Implementing a holacracy might show promising results. It allows everyone to be part of decision-making, fostering a sense of ownership and cooperation.

Startup

Scenario:

Innovation and open communication are essential for our growth. We need a system that promotes these attributes.

Response:

A holacracy could be the ideal structure for us. Everyone will have a say in decision-making, promoting innovation and transparency.