The Corona Virus (COVID-19) and its Butterfly Effect on the World Economy

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🔥NEW The Corona Virus (COVID-19) and its Butterfly Effect on the World Economy
Heba, Business Consultant, Qatar, Premium Member
In chaos theory, the butterfly effect is the sensitive dependence on initial conditions in which a small change in one state of a deterministic nonlinear system can result in large differences in a later state. In simple wording, when applied to business, the butterfly effect means that small events sometimes yield large consequences. Compare also . China, the biggest factory on earth, is confronted with the current outbreak of the deadly nCOV found in Wuhan. And the world is witnessing a global decline in sales, stock markets, oil prices and a well-noticed shortage in supply chains and aviation activities that have a wide impact on the trade exchange across the globe. COVID-19 exposed a weak link in the global drug supply, automotive manufacturing, and other sectors. Being has become the objective and goal of a lot of businesses. But the question now is: how can we strengthen the resilience of our supply chains while maintaining the value and cost chains intact? Modern Port (...) Read more? Sign up for free

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Chaos Theory
Summary
Forum
The Corona Virus (COVID-19) and its Butterfly Effect on the World Economy
Why does Chaos Improve Evolutionary Algorithms?
Oneness Model and Principles
Best Practices
🥇Quotes on Chaos Theory
🥈High Performance Teams
🥉Forces Creating Internal and External Chaos
Keep your Eye on the Big Picture
Books on Managing Chaotic Systems
Coexistence of Chaos
Chaos Theory and the Future
Chaos Theory in Relationships
Using Chaos Theory to Achieve a Desired Outcome
Lord Buddha on Chaos...
Ways to Deal with Chaotic Systems
Is Chaos So Chaotic?
Strategies in Chaos? Consider Goldratt's Thinking Processes
Relevance and Implications of Chaos Theory for Strategy (Levy)
Chaos Theory and Organisational Structure
Chaos is one of Physics Foibles
The Initial Conditions Used by Lorenz


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