A great deal of attention has been given to the decentralization of modern work organizations, but recent thinking suggests that "flattening" organizations does not necessarily foster a more democratic work environment. The logical extension of a flat organization is one that has no hierarchy and no managers. But no such company exists, does it?

Answer and explanation:

There is a company that alleges having no management, no bosses or hierarchical organization. Its name is Valve Corporation. This company has estimated equity if $2.5 billion thanks to the development of worldwide-known videogames such as "Half-Life", "Dota 2", and "Left 4 Dead".  

Though, former employees of the firm have revealed that there is an inner powerful management structure in the company that has strict guidelines at the moment of hiring and laying off workers.

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explanation:

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