Monday, October 13, 2014

Are you the fittest?


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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