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System Theory Approach as a Basis of Strategic Management

Author

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  • Helena Knyazeva

    (National Research University Higher School of Economics (Russia))

Abstract

The introductory article to the special issue “The Strategic Management in the Context of Dynamic Complexity” substantiates that models and representations of the theory of complex systems are becoming the most relevant science-based background, which allows us to respond to the challenges of our time. The increasing complexity of social and economic development processes, accompanied by uncertainties, instabilities, unexpected turns, digitalization in the economy and the birth of Industry 4.0, the growing importance of network structures in business activity, new environmental standards associated with the need to switch to circular processes in the economy - all this requires changes in the management strategies of firms and corporations. Unconditional advantages are received by those firms that embed the principles of systemic, holistic, and non-linear thinking in their business philosophy.

Suggested Citation

  • Helena Knyazeva, 2020. "System Theory Approach as a Basis of Strategic Management," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 14(4), pages 6-8.
    • Handle: RePEc:hig:fsight:v:14:y:2020:i:4:p:6-8
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    File URL: https://foresight-journal.hse.ru/data/2021/01/17/1344205050/0-Intro-6-8.pdf
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    More about this item

    Keywords

    non-linear dynamics; complex system; strategic management; scenario planning; foresight; digitalization; long-term strategies;
    All these keywords.

    JEL classification:

    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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