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Some businesses run like autocracies, and some run like democracies. In my experience, neither approach is particularly effective. That’s because autocratic leaders think they have all the answers, but in reality don’t know enough. And democratic leaders who crowdsource decision-making will filter in a lot of bad ideas. That dilemma led to me creating an idea meritocracy at Bridgewater, where we used analytics to better understand where people were weak or strong. That way, we knew whose opinion
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The word "meritocracy" was invented in 1958 as a warning.
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Tres razones por las que la meritocracia es un engaño
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