MGF5541

Strategy in complex environments

(BUS)

Dr Tim Haslett

6 points + 3-hour class per week, block mode + Caulfield + Prerequisites: MGF5500, MGF9761 or previous study of appropriate '9000' or '4000' level subjects

Synopsis: This subject applies chaos, catastrophe and complexity theories to the strategic management of the firm. Nonlinear theories such as thes have the potential to provide valuable insights into complex adaptive systems in the business world. In particular, complexity theory, with its strong basis in evolutionary and biological science, provides a powerful metaphor for the understanding of how businesses adapt and survive in complex and unstable environments. Students will examine new models for strategic management which incorporate methodologies for dealing with rapid and unpredictable change in business environments.

Assessment: Assignment and seminar presentation: 40% + Examination (3 hours): 60%