"SIMPLE RULES" FOR IMPROVING CORPORATE IQ: BASIC LESSONS FROM COMPLEXITY SCIENCE

Bill McKelvey
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Bill McKelvey: The Anderson School at UCLA, 110 Westwood Plaza, Los Angeles, CA, USA

Chapter 4 in Complexity Theory and the Management of Networks, 2004, pp 39-52 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractHuman and social capital developments are discussed in the context of increasing corporate IQ, defined as distributed intelligence (DI) in firms, as the basis of improved economic rent generation. A review of complexity science shows that adaptive tension dynamics (energy-differentials) may be used to foster adaptively efficacious DI appreciation. The optimal region for rapidly improving adaptive fitness occurs in the region in which emergent self-organization occurs—between the 1st and 2nd critical values of adaptive tension. Below the 1st value there is little change; above the 2nd value the system becomes chaotic and dysfunctional. Twelve "simple rules" drawn from complexity science are defined. These are available to rent-seeking CEOs wishing to create improved corporate IQ.

Keywords: Networks; Complexity Theory; Management of Networks; Distributed Systems; Strategy (search for similar items in EconPapers)
JEL-codes: L16 (search for similar items in EconPapers)
Date: 2004
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