Applying System Dynamics Modelling to Strategic Management: A Literature Review

Applying System Dynamics Modelling to Strategic Management: A Literature Review

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Article ID: iaor20164087
Volume: 33
Issue: 6
Start Page Number: 703
End Page Number: 741
Publication Date: Nov 2016
Journal: Systems Research and Behavioral Science
Authors: ,
Keywords: literature survey, strategic management, system dynamics
Abstract:

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.

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