Holacracy is a decentralized management system that distributes authority and decision-making across an organization. Instead of a traditional hierarchy, it uses self-organizing teams called "circles," where each circle has specific roles and responsibilities. This structure allows for greater flexibility and responsiveness to change. In a Holacracy, employees are empowered to take initiative and make decisions within their roles, fostering a culture of accountability and collaboration. Regular meetings and clear processes help ensure alignment and transparency, enabling organizations to adapt quickly to new challenges and opportunities.