Companies with no management are often seen as utopian workplaces, but three common myths persist. Firstly, the belief that these companies are entirely without structure is incorrect. Zappos and GitHub, for example, use a system called ‘holacracy’, which replaces traditional management with a constitution and clearly defined roles.
Secondly, the notion that everyone gets to decide everything is misleading. In reality, decision-making power is distributed according to role, not individual. This means not everyone has an equal say in every decision, but they do have the authority to make decisions within their role.
Lastly, the idea that these companies are a haven for individualism is a misconception. While employees are given more autonomy, they are still expected to work towards the company’s goals. This means that individualism is encouraged, but only to the extent that it benefits the organisation.
In conclusion, companies without traditional management structures still require a level of organisation and shared goals. They also distribute decision-making power differently, rather than equally among all employees.
Go to source article: http://www.fastcompany.com/3045509/hit-the-ground-running/myths-of-companies-with-no-management