Corporate structures are flattening. One big reason why is that the strict hierarchies of yesteryear are no longer effective for today’s fast-paced, tech-driven industries. No surprise then that major companies are shaking up their management styles.
Take the example of Zappos. The shoe company famously runs as a holacracy in which employees self-organize instead of operating within a traditional bureaucratic structure. And Swiss luxury brand Richemont recently announced that after current CEO Richard Lepeu retires later this month, the company will dispense with that position altogether.
