Globalization Globalization represents the proliferation of relations on a global scale. The abstract phenomenon of globalization is one of the major processes of change in our world today. It is a social, cultural, technological and of course economic phenomenon. On a theoretical level, it is a process whereby the reduction in transaction costs leads to [...]
Complexity management is the application of complexity theory to the practice of management, it draws upon the key insights and ideas from complexity science and uses them to try and help us manage complex organizations
It is often said that we live in an increasingly complex world, the pace of change, the degree of connectivity and the scale of operations are leading to rapidly escalating complexity in many domains. As our industrial age systems of organization are ending their lifecycle, globalization, and information technology are taking us into a much more complex world and enabling the emergence of new forms of networked organization. This transition is in turn driving a fundamental transformation in our theory and methods of management, one that goes beyond our traditional paradigm designed for dealing with relatively static, hierarchical organizations within relatively stable and predictable environments, to more complex networked organizations that are adapted to operating i
A short film looking at the rise of complexity in industry and management. Complexity management is the application of complex systems theory to the management of complex organizations and environments.
A short video introducing the acronym VUCA. VUCA is an acronym used to describe situations or environments that engender high levels of volatility, uncertainty, complexity and ambiguity.
We are pleased to present our short film about complexity management and networked organizations with narration from Don Tapscott. The rise of networked organizations can be seen as a new form of IT-enabled organization that is adapted to complex environments. The business climate of the new millennium is characterized by profound and continuous changes due to globalization, exponential leaps in technological capabilities, and other market forces. Rapid developments of ICT are driving and supporting the change from the industrial to the information age and the emergence of these new networked organizations.
Ambiguity is the quality of being open to more than one interpretation. It results in the haziness of reality; the potential for misreading and mixed meanings to conditions. In relatively simple environments we can have simple linear cause and effect models that are
Uncertainty is the inability to know everything fully. It is a fundamental property of complex systems primarily due to, the large number of elements, high interconnectivity, interdependence, nonlinear interactions and coevolution.
Business Volatile Complex systems and complex environments are often volatile, due to their inherently dynamic nature, their capacity for rapid phase transitions and systemic shocks. Rapid technological development, expansion into a more heterogeneous global economy, heightened connectivity and changes within the natural environment are some of the major factors in the increase in volatility and [...]