Sunday, October 24, 2010

Complexity theory and strategy

Complexity theory has been used extensively in the field of strategic management and organizational studies, sometimes called "complexity strategy" or "complex adaptive organization" on the internet or in the popular press. Broadly speaking, complexity theory is used in these domains to understand how organizations or firms adapt to their environments.The theory treats organizations and firms as collections of strategies and structures. When the organization or firm shares the properties of other complex adaptive systems - which is often defined as consisting of a small number of relatively simple and partially connected structures - they are more likely to adapt to their environment and thus survive. Complexity-theoretic thinking has been present in strategy and organizational studies since their inception as academic disciplines.

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