Test 1 essentials 2

Test 1 essentials 2 - Characteristics of complex adaptive...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Characteristics of complex adaptive systems theory (CAS) o Contain large number of elements o No one element understands entire system o Have rich interaction o Operate in an open system, one of many o Affected by positive and negative feedback loops o Operate far from equilibrium o Any agent can influence and be influenced by other agents o Demonstrate emergent behavior o Are unknowable and unpredictable o Self-organize into patterns o Can experience big change from small causes o Co-evolve with environment in nonlinear ways o Operate best at the Edge of Chaos o All systems are a function of their history Robust adaptive strategies (RAS) a company may use to thrive in a complex adaptive system o Invest in diversity o Bring market inside – be intrepreneurial o Map jumps on the landscape o Test population of strategies o Use Venture Capital firm metrics The difference between CAS THEORY characteristics and RAS STRATEGIES – be sure you understand the difference between a theory and a strategy
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/24/2011 for the course MIS 301 taught by Professor Mccleod during the Fall '08 term at University of Texas.

Page1 / 2

Test 1 essentials 2 - Characteristics of complex adaptive...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online