December 2014
Beginner
717 pages
29h 18m
English
book
Principles of Supply Chain Management, Second Edition, 2nd Edition
by Richard E. Crandall, William R. Crandall, Charlie C. Chen
Content preview from Principles of Supply Chain Management, Second Edition, 2nd Edition
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56 Principles of Supply Chain Management
systems interacting and coevolving in response to environmental factors. The corporation
is hypothesized as a complex adaptive system that must adapt itself to the environment in
which it operates (Frederick 1998). In the future, dealing with complexity will be a neces-
sary core competency for any successful organization.
Many companies may nd complexity, or its variant, chaos theory, as too far out to be
seriously considered. However, a few companies are already trying to decide how to
incorporate this theory into their thinking. Managing the complexity of external changes
poses risks and opportunities ...
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