System dynamics is one modeling language from systems theory that is used in the management of large complex systems in order to try and capture these local causal links and how their interactions over time give rise to longterm patterns of behavior.
In this video we talk about systems thinking and the two basic approaches to management, that of reductionism and emergence. We look a the idea of obliquity and give various example of the systems thinking approach to management.
Globalization refers to a process of increased interconnectivity between people around the world. This interconnectivity creates greater interdependence, with this global interdependence then forming the foundations to some form of global organization. As such globalization should be understood not simply as increased connectivity but ultimately refer instead to t
In this video we will be giving a highlevel overview to the domain of complexity management all of which we will be going over in more detail in coming videos. We can understand complexity management as the application of complexity theory to the practice of management. Thus it draws upon the key insights and ideas from complexity science and uses them to try and help us manage complex organizations, examples of these complex organizations would include, cities, international politics, multinational corporations, global logistics networks or healthcare systems. These are all complex organizations due to their nature of having many parts that are highly interconnected, interdependent and autonomous.
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.
At the turn of the 21st century our global economy is in both a rapid and fundamental process of change. This change is most often understood as a transformation from an industrial form of economic organization to a post-industrial form as the global economy shifts from being dominated
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