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Archive for the ‘Financial crisis’ Category

IBM recently released the 2010 Global CEO Survey, its 4th such study since 2004, based on over 1,500 face-to-face interviews with private sector CEOs and senior public sector leaders from 33 different industries spread over sixty countries. A concise summary, drawing on work by Irving Wladawsky-Berger, is below. In the  past three studies, CEOs consistently said that coping with change was [...]

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In the 1970s, systems thinker Russell Ackoff argued that some of the greatest problems happen when messy problems are dealt with as if they were simple puzzles. The true extent of interconnectedness and interdependence of the world we live in is ignored or downplayed until a crisis – i.e. when it is already too late. Time [...]

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Today’s New York Times Review has a nice piece  on ‘making sense of complexity’ which cites the work of Brenda Zimmerman, noted complexity specialist whose work on health systems has featured on two previous Aid on the Edge posts (here and here). Here it is in full: The Great Recession and the wars in Iraq and [...]

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Andrew Haldane, Executive Director of Financial Stability at the Bank of England gave a speech earlier this year which focused on the idea of the global financial system as a complex adaptive system. In his speech, Haldane focuses on applying the lessons from other network disciplines – such as ecology, epidemiology, biology and engineering – to [...]

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