Dictionary.com provides these three definitions for meritocracy:
Ultimate meritocracy is our philosophy here at B A S U, where each team member is not judged and valued by his or her previous accomplishments, but by what he or she is currently contributing. The justification behind this lies in the simple fact that someone can graduate from an excellent university, but he or she was great at being a student and may not be wonderful at fulfilling the needs of the company. On the other hand, someone may have performed poorly in a previous role or company due to life circumstance or even laziness. This person can prove his worth by demonstrating stellar performance now within his current role.
While each member of the team has specific roles and duties, everyone knows how to perform the general tasks required for the company to succeed. This is a wonderful strategy that works within a team because business won’t stop when one person is sick or has an emergency. Ultimate meritocracy enforces teamwork as it allows us to trust and depend on one another to perform what is asked of us but also ensures that anyone can step up to the plate and hit a home run for the sake of the company.
Ultimate meritocracy is liberating because it does not limit the individual to a previous standard. Whether prior performance was poor or stellar, what matters is the current delivery. Thus, the individual is punished or rewarded based on her live contributions and efforts, because that is the true measure of a person’s value to a company. It’s about proving yourself, without the cushion of precedent status or the constraint of poor performance in the past. You come in, you are expected do your best despite the past, and are acknowledged for the quality you contribute. Thus, ultimate meritocracy is just another philosophy that allows for BASU.COM to provide only the best.