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Dynamic Modeling of Business Strategies

  • Phil Gorman
  • Teresa Nelson
  • Bruce Hannon
  • Howard Thomas
Chapter

Abstract

This paper models the flow of innovations in fundraising practices among institutions of higher education. The value of undertaking a consensus modeling process as a foundation for the building of analytical models is demonstrated. Five reasons why modeling can add to knowledge and understanding of complex systems are suggested, and « ten commandements » crucial to the process of dynamic modeling are outlined. The modeling of the flow of innovations in fundraising practices is described in some detail, and statistically-derived parameters are extracted and analyzed. The primary aim of the paper is to demonstrate how modeling can be employed as an invaluable process that can lead researchers to a deeper understanding of the behavior of a complex system.

Keywords

Personal Income Harvard Business Review Capita Growth Stella Model Soft System Methodology 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media Dordrecht 1997

Authors and Affiliations

  • Phil Gorman
    • 1
  • Teresa Nelson
    • 1
  • Bruce Hannon
    • 2
  • Howard Thomas
    • 1
  1. 1.College of Commerce and Business AdministrationUniversity of Illinois at Urbana-ChampaignUSA
  2. 2.Department of Geography and National Center for Supercomputing ApplicationsUniversity of Illinois at Urbana-ChampaignUSA

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