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System Dynamics
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The study and management of complex feedback. Explanation of Systems Thinking of Forrester. System Dynamics. |
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What is Systems Thinking? DefinitionSystems Thinking is an approach for studying and managing complex feedback systems, such as one finds in corporations and other social systems. In fact it has been used to describe practically every sort of feedback system. System Dynamics is more or less the same as Systems Thinking, but emphasizes the usage of computer-simulation tools. The term System means an interdependent group of things forming a unified pattern. Feedback refers to the situation of X affecting Y, and Y in turn affecting X. Perhaps through a chain of causes and effects. One cannot study the link between X and Y and, independently, the link between Y and X and predict how the system will behave. Only the study of the whole feedback system will lead to correct results. What is System Dynamics?System Dynamics is based on Systems Thinking, but takes the additional steps of constructing and testing a computer simulation model. The System Dynamics field developed initially from the book "Industrial Dynamics" of Jay W. Forrester. Steps in the System Dynamics methodology
Often these steps have to be reviewed and refined, going back towards an earlier step. For instance, the first problem identified may be only a symptom of a still greater problem. Typical applications of System Dynamics
Book: John Sterman
- Business Dynamics: Systems Thinking.. -
Compare with System Dynamics: Gestalt Theory | Strategy Dynamics | Soft Systems Methodology | Scenario Planning | Analogical Strategic Reasoning | Five Disciplines | OODA loop | Game Theory | Spiral Dynamics | Simulation | Quality Function Deployment Return to Management Hub: Change & Organization | Decision-making & Valuation | Ethics & Responsibility | Human Resources | Knowledge & Intangibles | Leadership | Strategy |
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