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Applying System Dynamics Modelling to Strategic Management: A Literature Review
Author(s) -
Cosenz Federico,
Noto Guido
Publication year - 2016
Publication title -
systems research and behavioral science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.371
H-Index - 45
eISSN - 1099-1743
pISSN - 1092-7026
DOI - 10.1002/sres.2386
Subject(s) - relevance (law) , field (mathematics) , management science , dynamics (music) , order (exchange) , computer science , system dynamics , knowledge management , data science , engineering ethics , sociology , engineering , business , political science , artificial intelligence , pedagogy , mathematics , finance , pure mathematics , law
System dynamics (SD) has been proved to be a useful methodology to support both understanding and learning processes of complex systems and phenomena. Since its origin, SD has been successfully applied to many different fields of studies (e.g. climate change, physics, engineering, environmental sciences, economics, management, etc.). Among these, strategic management (SM) has a particular relevance as testified by several streams of research that originate from the combination between SD modelling and SM. The aim of this paper is to explore and discuss the theoretical and empirical development of SD in the SM field through a systematic analysis of the literature in order to highlight the main research themes and developmental patterns of the key contributions to date, as well as to provide an overview of SD application to SM literature for further research to build on. Copyright © 2016 John Wiley & Sons, Ltd.