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Business Policy: A Systems Approach to Corporate Governing
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Author(s): Pedro B. Água (CINAV, Portuguese Naval Academy, Portugal)and Andre Vilares Morgado (AESE Business School, Portugal)
Copyright: 2020
Pages: 27
Source title:
Dynamic Strategic Thinking for Improved Competitiveness and Performance
Source Author(s)/Editor(s): Georgette Andraz (CEFAGE, University of Algarve, Portugal), Helder Carrasqueira (University of Algarve, Portugal & CiTUR, Portugal), Rosaria Pereira (University of Algarve, Portugal)and Rita Baleiro (University of the Algarve, Portugal & CiTUR, Portugal)
DOI: 10.4018/978-1-7998-4552-2.ch009
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Abstract
The purpose of this chapter is to explore improvements in existing corporate governing practices that are currently being implemented through methods that lag behind most of the recent developments taking place in the field of computer science. The authors suggest taking on board systems modeling by adopting a computer-assisted policy design based on system dynamics simulators. Implementing a system thinking approach to business organizations allows the designing of virtuous strategies by simulating organizational behavior. In addition, this approach may also help to mitigate unintended consequences, like risks and outcomes which may surprise the firm, particularly from the board-level perspective. The originality of the present work arrives from merging several approaches that have been around for many years, however not combined in the context of the business policy conceptual framework. Therefore, it brings together recent developments in the fields of business policy, systems thinking, and computer-assisted policy design.
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