Holacracy in Washington Technology Solutions and Precision Nutrition Research Paper

Exclusively available on IvyPanda Available only on IvyPanda

Company management is a challenging process that requires leaders to adapt to a dynamic business environment. To succeed in the changing world, leaders of organizations need to have a clear vision of their goals and anticipation of risks (Kukreja, 2019). One of the recent innovations in management is Holacracy, which can be defined as an integrative model of organizational governance based on role-redistribution within the company (Chen, 2018). The essential characteristics of Holacracy are decentralized power, transparency, and process orientation (Chen, 2018). Many companies that started to adopt Holacracy noticed positive results for their development. For example, Precision Nutrition and Washington Technology Solutions (WaTech) decided to use this approach in their organizations. Precision Nutrition and WaTech successfully use the Holacracy decentralized management method to improve performance and increase job satisfaction.

We will write a custom essay on your topic a custom Research Paper on Holacracy in Washington Technology Solutions and Precision Nutrition
808 writers online

Precision Nutrition achieved significant progress through administering Holacracy. Precision Nutrition is a nutrition coaching company, started in Toronto, Canada, in the early 2000s (HolacracyOne, 2019). The company leaders decided to modify the management process by acquiring Holacracy in 2012 because they realized that old ways of company governance are dysfunctional (HolacracyOne, 2019). One of the company’s CEOs, Phil Caravaggio, highlighted that Holacracy helped them maintain the entrepreneurial spirit in the company by delegating the leader role to everyone in the team (HolacracyOne, 2019). Orientation on the task and decentralization enabled Precision Nutrition’s transformation from a hierarchical to autonomous model with empowered employees and increased performance.

Holacracy revolutionized management in Washington Technology Solutions, boosting its development. WaTech is an advancing technology agency providing various technology services (Takken, 2016). The first positive change noticed in the company after acquiring Holacracy was the acceleration of decision-making because this management model eliminated bureaucracy in the company (Takken, 2016). Therefore, most WaTech employees felt satisfied with the job and empowered to make crucial decisions, which will allow the company to survive and prosper in the future (Takken, 2016). Self-management in the company ensured the successful creation of entrepreneurial culture in this organization.

Overall, Holacracy is a novel approach in management that allows role redistribution and decentralization of the company governance. This approach creates a dynamic environment inside the organization, empowering all employees to acquire responsibilities for the company’s success. WaTech and Precision Nutrition noticed a significant improvement in the companies’ development and employees’ job satisfaction after introducing this management model in their organizations. This model is essential for the successful management of companies in the modern business world.

References

Chen, Y. (2017). On the essential characteristics of the innovation oriented management mode: Holacracy [Paper presentation]. 3rd International Conference on Social, Education and Management Engineering (SEME 2017), Beijing, China. Web.

HolacracyOne. (2019). Web.

Kukreja, J. (2019). International Journal of Trend in Scientific Research and Development, 3(6), 37–47. Web.

1 hour!
The minimum time our certified writers need to deliver a 100% original paper

Takken, P. (2016). Web.

Print
Need an custom research paper on Holacracy in Washington Technology Solutions and Precision Nutr... written from scratch by a professional specifically for you?
808 writers online
Cite This paper
Select a referencing style:

Reference

IvyPanda. (2022, August 6). Holacracy in Washington Technology Solutions and Precision Nutrition. https://ivypanda.com/essays/holacracy-in-washington-technology-solutions-and-precision-nutrition/

Work Cited

"Holacracy in Washington Technology Solutions and Precision Nutrition." IvyPanda, 6 Aug. 2022, ivypanda.com/essays/holacracy-in-washington-technology-solutions-and-precision-nutrition/.

References

IvyPanda. (2022) 'Holacracy in Washington Technology Solutions and Precision Nutrition'. 6 August.

References

IvyPanda. 2022. "Holacracy in Washington Technology Solutions and Precision Nutrition." August 6, 2022. https://ivypanda.com/essays/holacracy-in-washington-technology-solutions-and-precision-nutrition/.

1. IvyPanda. "Holacracy in Washington Technology Solutions and Precision Nutrition." August 6, 2022. https://ivypanda.com/essays/holacracy-in-washington-technology-solutions-and-precision-nutrition/.


Bibliography


IvyPanda. "Holacracy in Washington Technology Solutions and Precision Nutrition." August 6, 2022. https://ivypanda.com/essays/holacracy-in-washington-technology-solutions-and-precision-nutrition/.

Powered by CiteTotal, easy citation creator
If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. Request the removal
More related papers
Cite
Print
1 / 1