Final answer:
Charles Darwin's theory of evolution, known as social Darwinism, has been used to explain success in the business world by comparing the competitive landscape to the natural world.
Step-by-step explanation:
Charles Darwin's theory of evolution, which states that species develop and evolve through natural selection, has been applied to explain success in the business world. Business leaders have likened the cutthroat competition of the business world to the natural world, using the doctrine of social Darwinism.
According to this theory, the business environment is seen as a competitive landscape where only the most adapted companies with superior traits survive, while less efficient rivals perish.
This concept of natural selection and survival of the fittest is used to justify strategies such as eliminating rivals and creating larger corporations that can take advantage of economies of scale.