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Firms as Complex Systems

In: The New St. Gallen Management Model

Author

Listed:
  • Johannes Rüegg-Stürm

    (University of St. Gallen)

Abstract

Our perception of firms is, to a large extent, shaped by fundamental precepts of systems theory.6 In other words, a firm is understood to be a complex system in our model. By a system, we mean an ordered entirety of elements. A system becomes complex, when the elements of a system interact in a variety of ways and interrelate with each other in a specific and dynamic relationship. This theoretical description will be explained thoroughly in the ensuing text.

Suggested Citation

  • Johannes Rüegg-Stürm, 2005. "Firms as Complex Systems," Palgrave Macmillan Books, in: The New St. Gallen Management Model, chapter 2, pages 7-13, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-50516-2_2
    DOI: 10.1057/9780230505162_2
    as

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