Self-managed teams are groups of employees who operate without the traditional oversight of a manager and are responsible for a set of tasks or a complete project. These teams make decisions about how to approach their work, distribute tasks, set their deadlines, and solve problems collaboratively. The autonomy granted to self-managed teams can lead to higher job satisfaction, increased motivation, and improved productivity, as members feel more invested in the outcomes of their efforts. However, successful implementation requires clear guidelines, strong team dynamics, and effective communication skills. Self-managed teams are particularly effective in environments that value innovation and agile responses to changing market conditions.