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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.
Subscribe to our Question of the Week: Question: What is the definition of a theocracy?. Answer: A theocracy is a form of government that is led by God or by a person or persons who claim to rule by divine authority. The word theocracy is a compound word using theos (Greek for âGodâ) and -cracy (ârule, strength or governmentâ). The nation of Israel was to have been a theocracy, but they rejected Godâs rule over them, and God gave them human kings instead (1 Samuel 8:4-9). God selected Saul to be the first king of Israel, and he was replaced by David.