This is the definition I am using:
a system, organization, or society in which people are chosen and moved into positions of success, power, and influence on the basis of their demonstrated abilities and merit.
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Yes, but being good at something does not necessarily correlate to being good at managing others doing that thing.
This is especially pronounced in sales, where good salespeople get promoted to management, before immediately discovering that it requires a totally different skillset and they’ve basically changed fields entirely.
Halo effect
Managing people is “something.”. It’s a skill. In an ideal meritocracy, managers would be good at managing.