THE BASE ALTERNATIVE: STRATEGIC ASSET MAPPING
In Thinking in Systems, Donella Meadows wrote, “A system is more than the sum of its parts. A system isn’t just any old collection of things. A system is an interconnected set of elements that is coherently organized in a way that achieves something . . . a system [consists] of three kinds of things: elements, interconnections, and a function or purpose.”* For the company’s production system, the team must identify its purpose, its elements, and the interactions between those elements. We’ve already stated the purpose of the system (to sustainably increase accumulated discounted cash flow). In this ...
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