We need governments. Without them health care, safety and security, justice, education, aged care, infrastructure, etc., etc., wouldn't be possible.
We don't need political parties and politicians as they are. There are some great lessons here for your business.
You need governance in your business otherwise chaos would rule. Keep compliance in perspective and make sure it's not killing creativity.
You need to ensure that your policies, procedures, practices, processes, and systems are good for people and that they mean it is simple for people to bring their best to their work. This is the stuff of management; efficiency and doing things right. Management is useless without leadership. Leadership is about people, and effectiveness, and doing the right thing.
You need to debate ideology occasionally yet never at the expense of progress. What you should be debating all the time is ideas and how they will be successfully implemented (innovation) in ways that solve the human problems that are the purpose of your business. Fulfilling your purpose is the reason you get paid. How well you get paid depends on the value you are delivering as perceived by your buyers.
Factions will lead to failure in your business as they do in politics. The tail can never wag the dog in your business. Minorities matter however if the power is in the hands of a few, self-interest rules and the many eventually revolt, it's only a matter of time.
We embrace leaders who are candid, honest, and who can inspire us with authentic stories of what our future can become. We shun leaders who prefer spin to straight answers and are into sound bites rather than authentic and inspiring stories.
Be the difference you want to see in the world.