Current Affairs · Modern Organizational Management
Which of the following best defines the 'Holacracy' governance system in organizational structure?
- 1A structure eliminating vertical and horizontal boundaries within a traditional corporation.
- 2A decentralized system replacing corporate hierarchy with self-managing teams called 'circles'.✓
- 3A structure where a core firm outsources major functions to external network entities.
- 4A system where top executive leadership is placed at the bottom to serve frontline workers.
Correct answer
A decentralized system replacing corporate hierarchy with self-managing teams called 'circles'.
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