SYSTEMS & CHAOS THEORY Brian Futterman & Scott Renick
Complexity and Chaos(anything but) “Companies don’t innovate; markets do.” –Dick Foster Complex adaptive systems Ants scale to organizations Evolving rules, dynamic environment, interacting agents Chaos vs. stasis – two possible states of a CAS with shifting patterns and group interactions
Beinhocker says: All are open systems comprising a number of agents whose dynamic interactions self-organize to create a larger structure. Eric Beinhocker, Strategy at the edge of Chaos, 1997 Writing about cities, forest ecosystems, the immune system, and the Internet.
Sources McBride, N. (n.d.). Chaos Theory and Information Systems (pp. 1-13, Tech.).
Equilibrium Video Beinhocker,E.D. (1997) "Strategy at the edge of chaos." The McKinsey Quarterly, 1, p. 27
…behaviour in chaotic systems may be perceived as unpredictable. Periods of inactivity may be punctuated by sudden change, apparent patterns of behaviour may disappear and new patterns unexpectedly emerge. Such behaviour emerges in complex systems. This chaotic behaviour does not indicate a lack of order.Rather, the order is difficult or impossible to describe in simple terms and requires complex narrative description. McBride, 2008 EMPHASIS ADDED
“Wait, what just happened?” Beinhocker,E.D. (1997) "Strategy at the edge of chaos." The McKinsey Quarterly, 1, p. 32