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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.
Definition of autocracy. plural. autocracies. 1 : the authority or rule of an autocrat. 2 : government in which one person possesses unlimited power. 3 : a community or state governed by autocracy.