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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.
What is a Theocracy? Vatican City, a city state that serves as the seat of the Roman Catholic Church, is a theocracy governed by the Pope and College of Cardinals. Iran has been a theocratic Islamic state since the overthrow of its monarchy, which was led by the Pahlavi dynasty, in 1979. Saudi Arabia is a modern theocracy.