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Part of the Business terms glossary: A holacracy is a governance structure characterized by a distribution of power among self-organizing groups, rather than the top-down authority in the typical hierarchical corporate culture model. A holacracy provides a flat management structure that distributes authority.
albocracy (s) (noun), albocracies (pl) Government by white men or Europeans. aleatocracy (s) (noun), aleatocracies (pl) A form of government in which the officials are decided by chance: The new aleatocracy of the country resulted literally by drawing names from a hat for the president and vice president.