Economic Darwinism is when:
A) organizational architecture is optimized.
B) competition weeds out ill-designed organizations that fail to adapt.
C) corporate mutations occur, like Enron.
D) market benchmarks are employed.

Question

Quizplus · Accepted Answer

Economic Darwinism refers to the concept that only the strongest and most adaptable organizations survive and thrive in a competitive market. This means that weaker or poorly designed organizations will be weeded out through market competition. Option A, C, and D do not accurately reflect the concept of economic Darwinism.

Economic Darwinism Is When