Short Review of Complex Thinking:Early management approaches to deal with fast changing situations

Document from the year 2009 in the subject Business economics - Business Management, Corporate Governance, course: Business Management: Strategic Management, language: English, abstract: This report shows famous managemnt approaches that deal with the complexity of the companys situation. Not only the environement, but also the companys show a rising complexity. Economists and businessmen try to manage this complexity since several years. For example they reduced it for easier analysis, but this way many important relationships of the processes were left unconsidered and some of the recommendations could be wrong. To avoid the destruction of important relationships some economists tried to keep complexity. But that made analysis very complicated. some of the early approaches should be shown here to present the development of complex thinking in business management. The analysis portrays the characteristics of companies interpreted as complex systems.