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Amplifying the Significance of Systems Theory: Charting the Course in High Velocity Environments
Abstract
In system theory organizations are viewed as closed or open systems. An open system interacts with the environment for its sustainability. The closed system does not interact with its setting consequently its behavior depends largely on internal dynamics of its parts. The centricity of an open organizational structure is one created and empowered to learn and change very fast to successfully achieve desired goals. However open systems need to embrace change as follows: transform inputs of energy and information to produce the products demanded by the customers, transact with key stakeholders to access resources, regulate system behavior to achieve stable performance, and adapt to continuously changing high velocity competition to increase productivity.
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