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  • Understanding complexity in business systems
    Turina, August, 1971-
    This paper is a review from a business analyst's perspective of the concept and complexity of business systems and organizations as entities, but may be viewed in context of other systems as well. It ... discusses to which extent an economist can and should understand business systems and complexity of organization. Moreover, this paper has a further task to catalyze a broader discussion of business in a growingly complex environment that should, in fact, reach beyond the boundaries of this work. The main argument is that traditional economics and analytical approach is insufficient for understanding certain aspects of business systems, predominantly due to their growing path-dependent, complex and chaotic features, which can also be detected in social systems in general. These features are found to be hard to grasp with the existing economics' theoretical and practical analytical tools due to the fact that these systems possess (unpredictable) emergent properties like other systems (i.e. natural, human) do. In general, economics has a problem with the emergent features of business systems, which are merely treated as side-constraints or side-effects of particular (management) action(s) and can hardly ever be properly defined by analysts. However, these aspects may be crucial for understanding processes of path-creation, dependence and emergence of unpredictable features in business systems, and therefore crucial for crisis predictability and future stability of business entities.
    Source: Naše gospodarstvo : revija za aktualna gospodarska vprašanja = Our economy : review of current problems in economics. - ISSN 0547-3101 (Let. 49, št. 5/6, 2003, str. 500-514)
    Type of material - article, component part
    Publish date - 2003
    Language - english
    COBISS.SI-ID - 14405862

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