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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.
First, beware of answers from people who have not taken a course, studied or practice Holacracy. Second, people are using Holacracy to name totality different things. To make sure, ask if people are following the Holacracy Constitution, if they are not, they are not doing it.