This document discusses organizational structures and ways that companies are organized. It notes that most companies still use hierarchical structures that were developed over 100 years ago, with little innovation since. This age of acceleration makes the imperfections of these structures more visible. It then introduces the concept of Holacracy as an alternative organizational operating system focused on distributed authority, rapid iterations, and getting work done through managing tensions. The document suggests that Holacracy provides explicit rules for how the organization works and allows people and ideas to thrive within the right system.