I definitely mean "the process of management". A team that can't self manage is just a bad team. You can have a lot of great people on a bad team, so I don't think it's exactly a dev problem. It's a "whoever puts teams together" problem.

There are lots of people who benefit from a named manager. Expecting people to self manage who don't really want to is as bad as micro managing people. I know because I f'd this up at least 3 times building my last company. ;)