Systems Thinking Is a Management Concept That Considers All of the Interrelated

question 130

Essay

Systems thinking is a management concept that considers all of the interrelated parts of the system that function as a whole and in common. Changes in any one part of the system affect the whole organization and, in fact, the whole is greater than the sum of its parts. Write a short paragraph in which you explain how a change in one part of a system (or organization, product, or community) can affect the whole system (or organization, product, or community) either to its benefit or detriment. List some contingencies that might influence a manager's decision making. Use your imagination in choosing a system that is "managed."

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Definitions:

Federal Mandate

A requirement or order from the federal government that state or local governments, or private parties must follow, often with accompanying funds.

Income Taxes

Taxes levied by governments on individuals or businesses based on their net income or profit.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually pay.

Equilibrium Price

The price at which the quantity of goods supplied equals the quantity of goods demanded, resulting in market stability.