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.
A services economy is an economy whose primary activity it based in the tertiary or services sector. The services revolution can be described with reference to very straightforward empirical data. Over the past number of decades, services have come to dominate advanced economies and are slowly but surely coming to dominate the global economy.
As the Industrial Age appears to be coming to a close we are left scrabbling for new terms to define the world we live in in the 21st century and there are no shortage of candidates from the Space Age to the Information Age to Globalization
Peer production is a way of producing goods and services that relies on self-organizing groups of individuals. In such communities, the labor of a large number of people is coordinated towards a shared outcome typically through distributed networks without a formal, hierarchical structure.
Complexity Management Complexity management is a new approach to management based upon the ideas of complexity theory that are proving particularly relevant for managing large organizations under conditions of volatility and uncertainty Complexity management can be understood as the application of complexity theory to the practice of management. Thus it draws upon the [...]