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Iron Law
A principle or theory suggesting that certain political or social dynamics are inevitable or unchangeable, often used in the context of organizational hierarchy and power.
Profits Maximization
The process or strategy of adjusting operations, costs, and pricing to achieve the highest possible profit from business activities.
Iron Law of Responsibility
A principle suggesting that long-term success of organizations is dependent on their acknowledgment and assumption of responsibilities towards society.
Society
A group of individuals who live together in a community or geographic area, sharing common cultures, traditions, and often functioning under a set of shared norms and laws.
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