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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.
noun. The definition of a plutocracy is a political system where the wealthy govern. When the richest people have all of the power in a society and make all of the political decisions, this is an example of a plutocracy.pl. -Â·cies. 1  government by the wealthy.he definition of a plutocracy is a political system where the wealthy govern. When the richest people have all of the power in a society and make all of the political decisions, this is an example of a plutocracy. pl. -Â·cies. 1  government by the wealthy.