What is the third and most recent approach, or era, of business capitalism that many organisations are now embracing?
A) Managerial capitalism
B) Shareholder-value capitalism
C) Customer-driven capitalism
D) Supplier-driven capitalism
E) None of these responses are correct.

Question

Quizplus · Accepted Answer

The most recent approach, or era, of business capitalism that many organizations are now embracing is customer-driven capitalism. This approach focuses on putting the customer at the center of business decisions and strategies, rather than prioritizing shareholders or suppliers. Customer satisfaction and loyalty are seen as key drivers of long-term success and profitability. Managerial capitalism and supplier-driven capitalism are older approaches, while shareholder-value capitalism represents a more recent shift away from customer-centric values.

What Is the Third and Most Recent Approach, or Era