Business management is rapidly changing from old, authoritarian models to more open methods. Social media and newer web technologies that foster information sharing have inspired these changes as companies seek new ways to innovate and grow.
Call it Business Management 2.0, in which firms essentially run themselves – up to a point, anyway.
Dubbed “shared leadership,” more companies, both big and small, are employing this modern approach to getting work done. Shared leadership could help small businesses grow without investing in new employees or high-salaried managers. Here’s what businesses need to know about shared leadership.