ASSIGNMENT DOC copy
HOLACRACY
Holacracy can be known as a relatively new system of Organizational governance where authority and the decision-making powers are equally vested and distributed to diligent and skilled members of the workforce. Unlike the age-old Hierarchy System of management where all powers were virtually centralised and vested with the company executives and higher level of management, Holacracy seems to be a new villain in the corporate world which empowers all employees with a voice to govern and decide the business strategies that will define the outcome and the sustainability as well as profitability of the organisation. This new system of Business Governance is more based on the democratic system of governance.
Holacracy ideally is well suited for small well knitted organisations such as not for profit organisations but of late this system of business management seems to be adopted by
Larger organisations and we may not be surprised if in the coming days will be the most preferred system of management due to the mere fact that it engages all members of the workforce and stimulates their mind to think like executives and motivates them.
SYSTEM AND GOVERNANCE UNDER HOLACRACY
Holacracy as mentioned before emphasis on the fact that decisions are made by particular normal workforce who have a certain degree of expertise in the field and are well adaptive to the ever changing business market that have been exposed to the world. Multinational companies have to be well aware of all changing government policies as well the new tastes of the customers. Holacracy is more sort of a self-governing system of business where powers are not centralized and are flexible.
Equal importance is to be given to the fact that a capable person can hold and perform various roles that the most fruitful outcome. These roles are collectively performed in circles that are to a certain extent self-organized with efficiency in mind. These circles
Page | 1
have the right to conduct their
Holacracy can be known as a relatively new system of Organizational governance where authority and the decision-making powers are equally vested and distributed to diligent and skilled members of the workforce. Unlike the age-old Hierarchy System of management where all powers were virtually centralised and vested with the company executives and higher level of management, Holacracy seems to be a new villain in the corporate world which empowers all employees with a voice to govern and decide the business strategies that will define the outcome and the sustainability as well as profitability of the organisation. This new system of Business Governance is more based on the democratic system of governance.
Holacracy ideally is well suited for small well knitted organisations such as not for profit organisations but of late this system of business management seems to be adopted by
Larger organisations and we may not be surprised if in the coming days will be the most preferred system of management due to the mere fact that it engages all members of the workforce and stimulates their mind to think like executives and motivates them.
SYSTEM AND GOVERNANCE UNDER HOLACRACY
Holacracy as mentioned before emphasis on the fact that decisions are made by particular normal workforce who have a certain degree of expertise in the field and are well adaptive to the ever changing business market that have been exposed to the world. Multinational companies have to be well aware of all changing government policies as well the new tastes of the customers. Holacracy is more sort of a self-governing system of business where powers are not centralized and are flexible.
Equal importance is to be given to the fact that a capable person can hold and perform various roles that the most fruitful outcome. These roles are collectively performed in circles that are to a certain extent self-organized with efficiency in mind. These circles
Page | 1
have the right to conduct their
References: 1. Holacracy.org, 2015, How It Works | Holacracy 2. Mathworld.wolfram.com, 2015, Linear Programming -- from Wolfram 3. Stapel, E. 2015, Linear Programming: Introduction 4. Wikipedia, 2015, Linear programming 5. Wikipedia, 2015, Holacracy 6. Zappos Insights, 2015, Holacracy - Flattening the Organization Structure and