They call it the 'Participation Age.' At Falk, we call it Tuesday (and every other day of the week).
Participate and Share
Last week we described Participation Age companies--Stakeholders, who work in self-managed teams, replace employees; Leaders replace managers; there is profit-sharing for everyone, no work hours, etc. But how do they perform against traditional, management-centric companies with Industrial Age hierarchies?
Quite well, it turns out. They don't just hold their own; they blow the lid off. Let's start with tiny companies and work our way up to huge.
Read the whole article on Inc.com
https://www.inc.com/chuck-blakeman/companies-without-managers-do-better-by-every-metric.html