Abstract
Our perception of firms is, to a large extent, shaped by fundamental precepts of systems theory.6 In other words, a firm is understood to be a complex system in our model. By a system, we mean an ordered entirety of elements. A system becomes complex, when the elements of a system interact in a variety of ways and interrelate with each other in a specific and dynamic relationship. This theoretical description will be explained thoroughly in the ensuing text.
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© 2005 Johannes Rüegg-Stürm
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Rüegg-Stürm, J. (2005). Firms as Complex Systems. In: The New St. Gallen Management Model. Palgrave Macmillan, London. https://doi.org/10.1057/9780230505162_2
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DOI: https://doi.org/10.1057/9780230505162_2
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-51852-4
Online ISBN: 978-0-230-50516-2
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