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Economic Darwinism is seen when eBook Multiple Choice O organizational architecture is optimized by employing new technology. competition weeds out ill-designed organizations that fail to

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Economic Darwinism is seen when eBook Multiple Choice O organizational architecture is optimized by employing new technology. competition weeds out ill-designed organizations that fail to adapt. market benchmarks are employed. O corporate mutations occur, like Enron. Fama and Jensen suggest that "the form of organization that survives in an activity is the one that delivers the product demanded by customers at the lowest price while covering costs." This is an example of eBook Multiple Choice O market and organizational efficiency. market and organizational equity. 0 economic benchmarking. defective organizational architecture. The business practice of looking for a rm that has best practices in an area and then emulating those practices is called eBook Multiple Choice O organizational architecture. benchmarking. decision management. 0 competitive markets. Benchmarking means eBook Multiple Choice 0 blind copying from others. copying from the best so as to become better. looking at yourself and telling yourself you are the greatest. 0 looking at yourself and telling others what to do. 10 lfthe technology, the nature of competition, or the regulatory environment change in an industry, then eBook Multiple Choice 0 the appropriate organizational architecture will change too. O a good organizational architecture will shutdown. O the organizational architecture will be able to restore the former market environment. O the industry will increase production

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