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Utilizing Complexity Theory and Complex Adaptive Systems in Global Business

Utilizing Complexity Theory and Complex Adaptive Systems in Global Business

Kijpokin Kasemsap
Copyright: © 2020 |Pages: 27
ISBN13: 9781799824480|ISBN10: 1799824489|EISBN13: 9781799824497
DOI: 10.4018/978-1-7998-2448-0.ch020
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MLA

Kasemsap, Kijpokin. "Utilizing Complexity Theory and Complex Adaptive Systems in Global Business." Foreign Direct Investments: Concepts, Methodologies, Tools, and Applications, edited by Information Resources Management Association, IGI Global, 2020, pp. 474-500. https://doi.org/10.4018/978-1-7998-2448-0.ch020

APA

Kasemsap, K. (2020). Utilizing Complexity Theory and Complex Adaptive Systems in Global Business. In I. Management Association (Ed.), Foreign Direct Investments: Concepts, Methodologies, Tools, and Applications (pp. 474-500). IGI Global. https://doi.org/10.4018/978-1-7998-2448-0.ch020

Chicago

Kasemsap, Kijpokin. "Utilizing Complexity Theory and Complex Adaptive Systems in Global Business." In Foreign Direct Investments: Concepts, Methodologies, Tools, and Applications, edited by Information Resources Management Association, 474-500. Hershey, PA: IGI Global, 2020. https://doi.org/10.4018/978-1-7998-2448-0.ch020

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Abstract

This chapter aims to utilize complexity theory and complex adaptive systems in global business, thus describing the theoretical and practical overview of complexity theory, the application of complex adaptive systems, and the significance of complexity theory and complex adaptive systems in global business. The utilization of complexity theory and complex adaptive systems is vital for modern organizations that seek to serve suppliers and customers, increase business performance, strengthen competitiveness, and acquire routine success in global business. Thus, it is essential for modern organizations to utilize complexity theory and complex adaptive systems, create a strategic plan to investigate their dynamic promotions, and instantly respond to the needs of customers. The chapter argues that utilizing complexity theory and complex adaptive systems has the potential to improve organizational performance and gain sustainable competitive advantage in global business.

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