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About Chaos Theory and Strategy: Theory, Application. and Managerial Implications
This document discusses how chaos theory can provide a useful framework for understanding strategic management. It argues that industries can be conceptualized as complex, dynamic systems that exhibit both unpredictability and underlying order. The paper presents a simulation model depicting interactions in a computer manufacturer's supply chain to illustrate how small disruptions can impose significant costs. While forecasting is difficult, distinct patterns emerge that can inform management. Understanding industries as complex systems allows managers to improve decision-making and find innovative solutions.
Detailed Information
| Author: | ['ali fatehi'] |
|---|---|
| Publication Year: | 2020 |
| Pages: | 12 |
| Language: | English |
| Format: | |
| Price: | FREE |
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