A Teal organization is an organization that adheres to an organizational theory based on workers' self-management.
The term was coined in 2014 by Frederic Laloux in his book Reinventing Organizations.
Laloux defines a "teal" organization as one where the management is based on worker autonomy and peer relationships. He contrasts this to "red", "amber", "orange", and "green" organizations which, according to Laloux' theory, are based on hierarchies, meritocracy, or consensus decisions.
The theory is also based on the concepts of "wholeness", where a worker's "inner self" is more important than their professional persona, and on an "evolutionary purpose", claiming that an organization is similar to a biological organism
(excerpts from Wikipedia)