Shared leadership is a growing category in organizational behavior. This leadership focuses on a team of people who simultaneously lead the organization instead of focusing solely on vertical leadership or other types of leadership. This study is conducted to investigate the views of leadership team members on the components, benefits, and challenges of shared leadership. For this purpose, semistructured interviews were conducted with members of the leadership team of private organizations in the field of education based on the phenomenological approach. In this team, shared leadership is implemented and analyzed by the content analysis method. In this study, 11 sub-themes and 24 subcomponents were identified that include participatory leadership, participatory decision making, rotational management, supportive management, participatory attitude, positive personality trait, collectivism, high organizational capacity building, organizational learning, organizational integration, and corporate responsibility. The dimensions of shared leadership in private organizations in Mashhad can be identified by reflecting on the results. We can identify the dimensions of shared leadership in private organizations in Mashhad and gain a better understanding of the issues mentioned about shared leadership by reflecting on the results.

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