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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.
Aristocracy: A form of government in which the supreme power is vested in the principal persons of a state, or in a privileged order; an oligarchy. Autocracy: Government by a single person having unlimited power; despotism (domination through threat of punishment and violence).eritocracy: A group of leaders or officeholders selected on the basis of individual ability or achievement. Monarchy: a government in which power is vested in a king, queen, emperor or empress who can pass power on to his heirs.