Asked by Ahmad Ahmadzai on Jul 20, 2024

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The iron law of responsibility states that: "in the long run, those who do not use power in a way that society considers responsible will tend to lose it."

Iron Law of Responsibility

A principle suggesting that long-term success of organizations is dependent on their acknowledgment and assumption of responsibilities towards society.

Society

A group of individuals who live together in a community or geographic area, sharing common cultures, traditions, and often functioning under a set of shared norms and laws.

  • Comprehend the principle of the iron law of responsibility and its consequences for enduring business viability.
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Verified Answer

BS
Breland StewardJul 21, 2024
Final Answer :
True
Explanation :
The iron law of responsibility states that those who do not use power in a responsible way will tend to lose it over time. This is because members of society will eventually recognize the negative impacts of the irresponsible use of power and will demand change or take action to remove those who are not responsible.