You can find the term holacracy more and more in the blogsphere in these days.
But what is holacracy?
[Holacracy is a ] complete and practical system for achieving agility in all aspects of organizational steering and management.[…]
From the root “holarchy”, taken literally Holacracy means governance by the organizational entity itself – not governance by the people within the organization or by those who own the organization, but by the organization’s own “free will”.
Holacracy aims to facilitate the emergence of a natural consciousness for the organization, allowing it to govern itself, steering towards its own natural telos and shaping around its own natural order.