This book is a general presentation of complex systems, examined from the point of view of management. There is no standard formula to govern such systems, nor to effectively understand and respond to them.
The interdisciplinary theory of self-organization is teeming with examples of living systems that can reorganize at a higher level of complexity when confronted with an external challenge of a certain magnitude.
Modern businesses, considered as complex systems, ideally know how to flexibly and resiliently adapt to their environment, and also how to prepare for change via self-organization. Understanding sources of potential crisis is essential for leaders, though not all crises are necessarily bad news, as creative firms know how to respond to challenges through innovation: new products and markets, organizational learning for collective intelligence, and more.
1. Introduction: Why Do We Talk About Complexity in Management?
2. The Evolution of Complex Systems.
3. Steering Complex Adaptive Systems: Managing Weak Signals.
4. Entrepreneurship, Market Creation and Imagination.
5. Managerial Approaches and Theories of the Firm.