Under30Experiences, a travel start-up, adopted its own version of holacracy, resulting in a tripling of its revenue. The company, previously struggling with bureaucracy and inefficiency, decided to implement a system where employees have the freedom to make decisions without needing managerial approval. This approach, inspired by Zappos’ holacracy model, was adapted to suit Under30Experiences’ needs.

The company’s version of holacracy involves assigning roles rather than job titles, with employees able to take on multiple roles. This flexibility has boosted productivity and encouraged innovation. Employees are given the freedom to make decisions and take actions within their roles, fostering a sense of responsibility and ownership.

The company also implemented a system of ‘tactical meetings’ to address operational issues, and ‘governance meetings’ to discuss role adjustments and policy changes. This approach has ensured that all voices are heard, and decisions are made collectively.

The success of Under30Experiences’ model demonstrates the potential benefits of a more democratic and flexible workplace. However, the company acknowledges that this model may not suit every business. It requires a high level of trust in employees, a clear communication system, and a willingness to adapt and evolve as necessary.

Go to source article: http://qz.com/379455/our-startup-launched-its-own-version-of-holacracy-and-tripled-its-revenue/