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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.
A technocracy is technically a society where people rule by virtue of their technical know-how, but you will hear people use it to refer to any kind of technology-centered governance. Like âplutocracy,â the word âoligarchyâ generally has a strong negative connotation. Few people openly support having an oligarchy.