Corporate Strategic Thinking: The Role of System Dynamics
System Dynamics began thirty years ago as a bold attempt to apply engineering analysis concepts to business systems. But from the late 1960s onward, most System Dynamics research focused on public policy problems. Business applications have grown steadily, though less visibly and primarily outside academia. For example, over the past twenty-five years, Pugh-Roberts Associates has completed hundreds of management consulting assignments using System Dynamics for clients in the financial services, aerospace, electronics, telecommunications, computer, chemical, shipbuilding, transportation, electric power, energy, and natural resources industries. Some of the best-known, most successful businesses throughout the world have used System Dynamics.
KeywordsMarket Share Business Organization Business Student Business Application Business Problem
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