Lets all run for President – Holacracy in action

This video by Mike Derheim CEO of The Nerdery explains the concept of holacracy , “What if everyone at your company was a co-president”
 

Holacracy
I went on holidays recently and for lack of something better to do, I started reading the BA business magazine. I came across an article by Brian J Robertson on a new concept he has invented for leadership and management called Holacracy. In short holacracy is designed to ensure that good ideas that may come to benefit the organisation overall don’t get stymied by the boss at the top or worse someone else en route.
The old traditional hierarchical management and leadership structures that we are all used to are deisgned to control and that sometimes is no bad thing after all it has worked for centuries at least since the Romans, but the worry with this recently is that it really is controlled at the top and that could well stifle innovation and creativity, whilst it works brilliantly in traditional organisations, it will not work in newer, innovative start ups and creative, which is when the new economy or thought economy is headed.
So how does Holacracy work then, well according to Mr Robertson like this….
Holacracy is a management structure based on the tasks that a company needs to accomplish, not the people within it. This means you have no traditional hierarchy, managers or job titles. Everyone is their own boss within self-organised teams, responsible for influencing the company’s success and vision. Holacracy is a new way of running an organization that removes power from a management hierarchy and distributes it across clear roles, which can then be executed autonomously, without a micromanaging boss. The work is actually more structured than in a conventional company, just differently so. With Holacracy, there is a clear set of rules and processes for how a team breaks up its work, and defines its roles with clear responsibilities and expectations.
Holacracy also allows employees to do other things so they don’t get stuck in a rut. For example, if you’re an IT specialist you can spend some of your time pursuing another interest that will benefit the company, such as helping to run events or social media campaigns.
There is even a website dedicated to it www.holacracy.org