The term “survival of the fittest” was used by Herbert Spencer to explain Darwin’s concept of “natural selection.” But to Darwin the term “fittest” means "better adapted for immediate, local environment”, and not what we understand as “in good physical shape.”
So when you
apply it to business, it doesn't mean it is the survival of the best financial
shape, although that would help. But it is more of the survival of the
companies that can best adapt.
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