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An Appreciation of Industrial Dynamics

Author

Listed:
  • H. Igor Ansoff

    (Carnegie-Mellon University)

  • Dennis P. Slevin

    (Carnegie-Mellon University)

Abstract

Industrial Dynamics is a recently developed and fast moving area of management analysis. Since its inception it has gained both staunch opponents and severe critics. This paper is an attempt at an impartial appreciation of Industrial Dynamics. The model-building process employed in ID is briefly described. The ID is discussed as a simulation approach to problem solving. The strengths, the apparent shortcomings and areas of applicability are discussed. Next a question is raised regarding ID's claim to the status of a "general systems theory." It is suggested that little evidence to date qualifies ID to be viewed as a distinctive body of theory about behavior of firms.

Suggested Citation

  • H. Igor Ansoff & Dennis P. Slevin, 1968. "An Appreciation of Industrial Dynamics," Management Science, INFORMS, vol. 14(7), pages 383-397, March.
    • Handle: RePEc:inm:ormnsc:v:14:y:1968:i:7:p:383-397
    DOI: 10.1287/mnsc.14.7.383
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    Cited by:

    1. Edoardo Mollona, 2008. "J. Morecroft, Strategic Modelling and Business Dynamics. A Feedback Systems Approach," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 12(2), pages 213-217, May.
    2. Kleijnen, J.P.C., 1979. "Simulation in the evaluation of management information systems : An overview and evaluation," Research Memorandum FEW 81, Tilburg University, School of Economics and Management.
    3. Liu, Chung-Shu & Hsiao, Chih-Tung & Chang, Dong-Shang & Hsiao, Cheng-Hsing, 2016. "How the European Union’s and the United States’ anti-dumping duties affect Taiwan's PV industry: A policy simulation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 53(C), pages 296-305.
    4. Ines Winz & Gary Brierley & Sam Trowsdale, 2009. "The Use of System Dynamics Simulation in Water Resources Management," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 23(7), pages 1301-1323, May.

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