Search results for "complexity management"
showing 4 items of 4 documents
Limits and Criticalities of Predictions and Forecasting in Complex Social and Economic Scenarios: A Cybernetics Key
2014
Predictions play a key role in assuring the status of “rationality” in decisions. Nevertheless, in the field of social sciences and economics, predictions fail to correctly depict the oncoming scenarios. Why is it so difficult to achieve quantitative prediction of social and economic systems? Can science provide reliable predictions of social and economic paths that can be used to implement effective interventions? As in the notorious “El Farol bar problem” depicted by Brian Arthur (Am Econ Rev 84:406–411, 1994), the validity of predictive models is more a social issue than a matter of good mathematics. Predictability in social systems is due to limited knowledge of society and human behavi…
Management Challenges in the Context of a Complex View - SMEs Perspective
2015
Abstract The complexity significantly affects the functioning and development of enterprises and is important in understanding the activities of an organization. The perspective of complexity makes the decisions bringing with them a growing economic risk. One group particularly sensitive to the complexity in internal and external environment are small and medium-sized enterprises. Despite this increasing importance, most SMEs have not introduced or implemented yet a complexity management system/approach or they do not realize of the multitude of management challenges emerging with the phenomenon of complexity. The role of SMEs in each economy encourages to explore this area in order to deve…
Complexity Theory for a New Managerial Paradigm: A Research Framework
2015
In this work, we supply a theoretical framework of how organizations can embed complexity management and sustainable development into their policies and actions. The proposed framework may lead to a new management paradigm, attempting to link the main concepts of complexity theory, change management, knowledge management, sustainable development, and cybernetics. We highlight how the processes of organizational change have occurred as a result of the move to adapt to the changes in the various global and international business environments and how this transformation has led to the shift toward the present innovation economy. We also point how organizational change needs to deal with sustai…
Complexity and Action. A Cybernetics Perspective to Decision Making - Plenary Lecture
2013
The problem often faced by some approaches to complexity is that of the abstraction from the competition character of action. Man often is not rational, because of his cognitive limits, his heuristics of thought, and his passions of which the most dangerous is fear. To be aware that the world is complex and there is no way to forecast the future is something that can scare at the point to inhibit decision and necessary action. Today there is a lot of talking about how the world, hence the markets, the social and business environment is complex, but few real proposals about what to do. The temptation coming from reductionist models and the reason why they are still so strong in the manageria…