Systems Thinking and Viable Systems

In the last few decades, managerial and business studies have shown an increasing inability to explain and forecast emergent dynamics in society, economics, and the environment. Consolidated managerial approaches and business theories seem to be incapable of communicating and depicting the ongoing evolution, and new perspectives are required to support both researchers and practitioners in tracing new paths for development. Building upon the constructivist approach, this book illustrates the multiple advantages that systems thinking can offer in supporting a holistic understanding of social and economic phenomena. The book proposes a representation of the firm as a viable system and represents its functioning and decision-making processes trough a recursive depiction that can be applied for each of the multiple levels through which socio-economic environments are defined. As a result of the focus on the differences between decision making and problem-solving processes, the book enriches current knowledge about systems thinking and provides useful instruments through which both researchers and practitioners can effectively understand the multiple variables able to influence decisions and actions within a firms configuration. The book is aimed at both postgraduate students and researchers interested in the multiple dimensions of systems thinking.