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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Learning Objectives
- Comprehend the principle of the iron law of responsibility and its consequences for enduring business viability.
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