The Dynamic Properties of Complexity and Business Resilience
Thursday, 5 September, 2013 1 Comment
Based on how close a system functions to its critical complexity one may infer its “state of health” or resilience. Resilience is of great importance since it reflects the system’s ability to maintain functionality in the presence of sudden and unexpected events (shocks). Our turbulent economy will be characterised by and increasing number of shocks of growing intensity. This is because it is highly interconnected and, at the same time, fragile.