Unit 13: Systems Thinking & Business Structure Integratedness

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BSS 310

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7 Terms

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Systems Thinking
An approach to understanding problems holistically by considering all interacting entities and their relationships.
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Causal Loop Diagram (CLD)
A graphical notation showing relationships among system elements, including feedback loops.
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Feedback Loop
A closed sequence of causes and effects where an element indirectly influences itself.
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Positive Feedback Loop
A loop that reinforces change in the same direction (e.g., bank balance growth from interest).
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Negative Feedback Loop
A loop that counteracts change to stabilize the system (e.g., temperature regulation).
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System Behavior
Patterns exhibited by systems, which can be fixed, periodic, or transient over time.
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Vensim
Software used to demonstrate systems thinking processes through modeling and simulation.