Economic Darwinism Theory Economic Darwinism Term Paper

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According to Economic Darwinism principle, people will prefer to replace the alternative with the lowest potential (in terms of return, profit, solvability, etc.) with another random solution, which may it could turn out to be more successful than the initial option. In the project evaluation process, all alternatives receive different points according to the criterions and requirements of the company. Of course, that only the investments with a positive return will remain in the battle for the best alternative.

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Every such alternative will be further on debated, in order to see which of the project solution best fit the company's development policy.

Conclusion:

The principle of Darwin applies both to economic and social aspects of life, as we have seen in this report. The two pillars of the principle are present in the everyday activity of managers, especially in the field of project selection and management......

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