The concept of meritocracy contributes to an entrepreneurial culture by fostering an environment where ideas and initiatives are judged based on their merit, rather than the status or position of the person proposing them. This encourages innovation and risk-taking, as all members of the organization have the opportunity to contribute and see their ideas come to fruition if they are deemed valuable. It also promotes a sense of fairness and motivation, as success is seen as a result of one's own efforts and abilities, rather than external factors.
The Startup Way — released in early-October 2017 — is the continuation of the award-winning The Lean...
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