Economic Darwinism is seen when
A)organizational architecture is optimized by employing new technology.
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 principle of survival of the fittest in the business world, where competition weeds out ill-designed organizations that fail to adapt. Therefore, the best choice is B. Option A refers to the optimization of organizational architecture using technology, which is a separate concept. Option C refers to corporate mutations, which is not directly related to economic Darwinism. Option D refers to the use of market benchmarks, which may be a part of economic Darwinism but is not the core concept.

Economic Darwinism Is Seen When