Internal communicating is vital to the success of a company.

The importance of this community culture has been popularized in recent years through the term culture. The culture of your company, or the beliefs and behaviors at a company. An idea meritocracy is a unique type of culture that was created to facilitate incredibly effective internal communication in a company.

An idea meritocracy, not an autocracy is where one person leads and others follow, and not a democracy where all ideas are equal value, but an idea meritocracy where the best ideas win out.

Most would agree, this sounds like a positive culture for your company. But how do you create that culture?

This involves radical truth-fullness and radical transparency. Commonly people hold opinions in their mind as wrong instead of putting them out to test them.

This culture of meritocracy was brought to life by Ray Dalio through his very successful company Bridgewater Associates. They do this through algorithmic tracking and AI. It’s proven to be a very unique culture, it often takes people 15 months to adjust. But his methods have helped encourage very good ideas.