Economic Darwinism Is Seen When

question 24

Multiple Choice

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.

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Definitions:

Over-time

Additional hours worked beyond the standard workweek, typically compensated at a higher pay rate.

SWOT Analysis

A strategic planning tool used to identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Weaknesses

Attributes or areas that require improvement to reach desired goals or to maintain competitiveness.

Strategy

A high-level plan or set of actions designed to achieve long-term or overall goals under conditions of uncertainty.