Holacracy
Categories: Financial Theory, Econ
A holacracy is a nontraditional, flat organizational structure where workers are expected to step in and hit the ground running, potentially switching (and wearing multiple) hats.
The idea of a holacracy is that everyone’s ideas and skills are used where they are most needed and valued, with overlapping teams all working toward the same end-goal for the company.
The term holacracy was first used in Arthur Koestler’s The Ghost in the Machine, with workers moving fluidly, taking charge of multiple responsibilities where it makes sense.
It’s not the most common, but some businesses do function as a holacracy, like some video game and software development companies, as well as Zappos.com and Medium. How hole-some.