Final answer:
Survival of the fittest, also known as social Darwinism, is a concept that suggests individuals or businesses with advantageous traits are more likely to succeed. However, it is important to understand that this concept is about adaptability and evolutionary fitness, not physical strength. Social Darwinism has been discredited due to its association with scientific racism and its failure to address systemic barriers.
Step-by-step explanation:
Survival of the fittest, also known as social Darwinism, is a concept that originated from Charles Darwin's theory of natural selection. It suggests that those individuals or businesses that possess traits or characteristics that are advantageous in their environment are more likely to survive and succeed. This concept was later adopted by business leaders to justify their elimination of rivals and to promote the idea that success is a result of one's inherent traits.
Although Darwin himself would not have endorsed the application of social Darwinism to the business world, it is important to understand that the concept of survival of the fittest is about adaptability and evolutionary fitness, rather than physical strength or size. It does not imply that the biggest or fastest will survive, but rather emphasizes the ability to adapt to changing circumstances and take advantage of opportunities. However, it is crucial to note that social Darwinism, as a theory, has been discredited due to its association with scientific racism and the justification of inequality. It fails to acknowledge the systemic barriers and unequal opportunities that can affect an individual's success or failure in the business world.