System Theory Approach as a Basis of Strategic Management

Helena Knyazeva

Foresight and STI Governance (Foresight-Russia till No. 3/2015), 2020, vol. 14, issue 4, 6-8

Abstract: The introductory article to the special issue “The Strategic Management in the Context of Dynamic Complexity” substantiates that models and representations of the theory of complex systems are becoming the most relevant science-based background, which allows us to respond to the challenges of our time. The increasing complexity of social and economic development processes, accompanied by uncertainties, instabilities, unexpected turns, digitalization in the economy and the birth of Industry 4.0, the growing importance of network structures in business activity, new environmental standards associated with the need to switch to circular processes in the economy - all this requires changes in the management strategies of firms and corporations. Unconditional advantages are received by those firms that embed the principles of systemic, holistic, and non-linear thinking in their business philosophy.

Keywords: non-linear dynamics, complex system, strategic management, scenario planning, foresight, digitalization; long-term strategies (search for similar items in EconPapers)
JEL-codes: O21 O32 (search for similar items in EconPapers)
Date: 2020
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