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Systems Thinking Foundation

In: Crafting Efficiency in Managerial Costing System Design

Author

Listed:
  • Pieter W. Buys

    (North-West University)

Abstract

A contemporary perspective on management is to perceive an organization as a comprehensive system comprising various components and activities operating within a specific environment. One aspect to consider is that various internal stakeholders may have objectives that differ from the broader organizational goals. Additionally, the organizational system must address external stakeholders who provide necessary resources or consume the resulting outputs. In this context, the development of effective managerial costing systems could be viewed as a complex process that necessitates an integrated mindset, grounded in the recognition of the need for continual feedback facilitation. This chapter serves as the first fundamental literary basis for the book’s three-pillar approach to designing managerial costing systems. It meticulously examines contextual elements of systems theory, systems engineering, and cybernetics—highlighting their relevance and applicability. The development of a systematic framework (or paradigm) that places significant emphasis on stakeholder engagement and continual feedback is proposed.

Suggested Citation

  • Pieter W. Buys, 2024. "Systems Thinking Foundation," Springer Books, in: Crafting Efficiency in Managerial Costing System Design, chapter 0, pages 33-52, Springer.
    • Handle: RePEc:spr:sprchp:978-981-97-0934-2_3
    DOI: 10.1007/978-981-97-0934-2_3
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    More about this item

    Keywords

    Cybernetics; Managerial costing systems; Organizational systems; Stakeholders; Systems engineering; Systems theory;
    All these keywords.

    JEL classification:

    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • N60 - Economic History - - Manufacturing and Construction - - - General, International, or Comparative
    • 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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