Complexity Management Overview
In this paper, we give a high-level overview of the domain of complexity management. We can understand complexity management as the application of complexity theory to the practice of management. Thus it...
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Generalizing Game Theory
Game theoretic concepts apply whenever the actions of several agents are interdependent. These agents may be individuals, groups, firms, or any combination of these. The concepts of game theory provide a language to formulate,...
Towards A Knowledge Society
The information revolution of the past couple of decades has switched the flow of information and ideas from slow, linear and scarce to fast, networked and pervasive, giving rise to the potential for a society where knowledge and its...
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Foundations of Economic Theory
In this paper, we outline some of the major considerations involved in the study of economics, including trying to understand the logic behind the decision making of agents, theories of economic value and the idea of intrinsic and...
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The Workings of Standard Economic Theory
In this paper, we will be taking a brief overview of the internal workings of standard economic theory. We talk about how it is a framework that applies linear systems theory to economic analysis....
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The Rise of Economic Complexity
Here we will give an overview to some of the most salient factors transforming our economies to illustrate how they are leading to an ongoing transformation in the structural complexity of the global economy....
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Modeling Economic Agents
In this paper, we will be exploring two different models given for agents within an economic context. We will talk about how standard economics offers this model of the rational individual sometimes called homo economicus, and we will...
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Behavioral Choice Theory
Economics is often interpreted as the study of how people make choices in the allocation of their resources. Microeconomics hinges on this process through which agents come to make decisions and then act on these decisions...
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Bounded Rationality
In this paper, we will be giving a short overview of the ideas of rationality and bounded rationality as they apply to the decision making of economic agents....
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Incentive Theory Revisited
The study of incentives is one of the central topics in microeconomics – incentives to work hard, to produce quality products, to study, to invest, to save, etc....
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Rethinking Value Theory
Value theory lies at the heart of economics. Behind every production process, every exchange of goods, every purchase, every choice agents make, is the concept of value - value is the essence of economics...
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Complexity Economics An Overview
Complexity economics is a new approach to economic science that uses models from complexity theory to look at and model the economy as a complex adaptive system...
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Complex Systems Key Features
In this short paper, we will be trying to give a clear outline to some of the basic concepts within complexity theory and the difference between simple linear systems and complex systems....
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Emergent Organizations
This paper looks at the idea of emergence, a central topic within systems theory; how through the synergistic interaction of the individuals within the organization we get the emergence of global behavior and structure that is qua...
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System Dynamics An Overview
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 long-term...
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System Thinking Management
In this paper, we look at the foundations of complexity management by talking about the two different paradigms, synthesis and analysis, where analysis involves modeling something in terms of its constituent parts and their linear...
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Collaborative Organizations
Interdependence is a key characteristic of complex organizations of all kind and in this paper we discuss how independence and interdependence create very different dynamics, what are called in game theory, zero and nonzero-sum games....
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Self-Organizationing Teams
In this paper, we look at the process of self-organization where organization emerges out of local interactions. We firstly give some context to this research by talking about the rise of information technology as an enabler of...
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Network Organizations
With the rise of connectivity, we are creating new forms of organization within our economies, both on the institutional and physical level. Institutionally we are seeing the rise of networked organizations that harness the mass of...
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Platform Organizations
Complex systems are fundamentally open systems, that is to say, that they have such a high level of connection and exchange with their environment that we can no longer define and manage them in terms of a well-defined boundary,...
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Agile Project Management
Only 35 percent of projects are successful - delivered on time, on budget and with full scope of features and functions - 46 percent are challenged - the project is completed and the new solution is operational...
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The Nature of Wicked Problems
With developed economies reaching the end of the process of industrialization we have witnessed the rise of new forms of highly complex challenges that have moved to the forefront of social concerns....
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Complex Projects
"For organizations to survive and thrive in today's global economy, they must find ways to dramatically improve the performance of large-scale projects."...
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Volatility
The rapid pace of change within the global economy has been driven largely by technological development, as the rate of technological innovation has greatly increased over the past few decades with the advent of information technology...
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The VUCA World
A basic premise of complexity management would be that over the past few decades with the rise of information technology, financialization, globalization, and sustainability the world has gone from connected to hyperconnected, from...
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Network Societies
The information revolution is often identified as the most profound driver of change in our world today enabling an ongoing disruptive transformation in the deep structure to our Industrial Age social institutions as we move further...
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Platform Society
The early days of the internet - when we were still imagining what the future information society might look like - have given way to the new reality of social platforms, as online digital platforms have risen to dominate social...
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Distributed Organizations
The world is changing rapidly and the internet is fast entering a new technological era as web 2.0 gives way to an emerging set of blockchain technologies...
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Open Organizations
From communism to capitalism and virtually every kind of socio-economic system of organization in-between there has been the same underlining principle, that only formal closed institutions could coordinate social systems and generate...
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Globalization A Changing Context
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...
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Innovation Economies
There is a seed change in global innovation, from every corner a mandate for increasing creativity and innovation and we are hearing this in business we are hearing this in education we are hearing this in commerce...
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Platform Enterprises
With the rise of the services economy and information technology fundamentally new forces are at play in the global economy and this is giving birth to a new form of business organization called the platform business that is adapted to...
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Distributed Blockchain Economy
A central question facing any economic system is how to harness all of the resources available within the society towards productive ends and then distribute the returns in an equitable fashion. Within just the past couple of years,...
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Service Value Ecosystems
In this paper, we look at the nature of this new form of services economy, how vertically integrated, service providers now tend to engage in networked value creation in ecosystem-like environments - what can be called service value...
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The Rise of Smart Systems
As a revolution in information technology unfolds at an extraordinary speed, science fiction appears to be becoming science fact. Within just a couple of short decades, we have gone from the PC to the internet and mobile computing, to...
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Platform Technologies
With the rise of information technology and the ever-increasing complexity of our technology landscape, platforms have become the design paradigm of choice for today's complex engineered systems...
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The Distributed Technologies
After a centuries-long process of centralization within just the past few decades, a new architecture has emerged to our technology infrastructure that fundamentally reverses this process...
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Integrated Service Systems
Services are a whole new paradigm in how we think about, design, and develop technologies in the age of information. At its heart, this technology paradigm shift enabled by information technology is a move from the discrete one of...
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Understanding The Information Revolution
We hear the word information technology and we think we know what it is, we think it is about computers and smartphones, but it is becoming much more than this...
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Circular Economy
A central part of the rise in environmental awareness over the past few decades has been a growing awareness of the linear model to our existing economy. Indeed, today this linear model is probably the most often identified...
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Inclusive Economy
Inclusivity is an inherent part of achieving sustainability. To be sustainable a system has to be open to and harness all of the resources available to it. To effectively manage a complex system requires harnessing the distributed...
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Service Dematerialization
At the heart of the challenge of sustainable development is the challenge of decoupling economic growth from an increased demand for more resources; doing this is called decoupling...
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Full Cost Economy
Full cost accounting refers to accounting for the complete cost or benefit of some product or service in terms of its social, economic and environmental impacts. It represents an expansion of our traditional accounting systems to...
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Sustainability: From the Parts to the Whole
This is part one in a five-part series of papers on the rise of the paradigm of sustainability. In this paper, we look at what sustainability is and how our economies will be shaped along a number of dimensions as it grows in...
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Economic Systems & Complexity
What is an economy? It is a surprisingly simple question that would leave many - even economists - a bit caught for words. Today we talk about economies in quite technical terms, with reference to supply and demand curves...
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Government As a Platform
We live in interesting times, one that is often contextualized as being a transition period as on the one hand our traditional industrial age systems of organization reach the end of their life cycle, show signs of faulting and...
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Age of Transition
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...
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Environmental Management
Within the course of just a few decades we have transitioned from being a small world on a big planet to being a big world on a small planet, an extraordinary transformation. A switch from making ad hoc interventions into ecosystems,...
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Complexity Energy Systems
Energy systems are a central enabling and limiting factor to the development of an economy. As such, the level of technological, social and economic complexity...
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Food Systems: A Complexity Approach
Food systems are probably the most ancient human construct, we have been developing new methods, processes and techniques for the capturing and trans...
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Complexity Approach to: Water Systems
Water is a religious ritual and entertainment, medicine and nourishment, energy and industry, conflict and social unrest, it crosses all borders between ecosystem, industry, economy and society...
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Complexity Approach to: Basic Materials
Basic materials are the minerals extracted from the natural environment for usage in the production of tangible products, these materials provide the...
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