Adaptive Systems and Strategic Management Approach

Essay from the year 2020 in the subject Business economics - Industrial Management, , course: Accounting and Finance, language: English, abstract: An adaptive system is a set of interacting or interdependent entities that form an integrated whole that are capable of responding to environmental changes or changes in interacting parts in a manner analogous to either continuous physiological homeostasis or evolutionary adaptation to biology. Feedback loops are a key feature of adaptive systems such as ecosystems and individual organisms; or in the human world, communities, organizations, and families.