– environment characterized by extreme complexity of interactions among individual often seemingly unrelated subcomponents, the latter existing as individual domains in their own right. In contrast to closely coupled systems, events in one domain may or may not affect events taking place within another constituent domain. Therefore, detection of critical events cap able of producing wide-ranging perturbations and crises is significantly more difficult, requires a much broader range of expertise and knowledge, and most often remains undetected by domain-centered human experts or automated monitoring systems (e.g., ERPs)
Published in Chapter:
Teams of Leaders Concept (ToL) and E-Business Operations
Dag von Lubitz (MedSMART Inc., USA and Bieda Poco Dargante Inst., Denmark)
Copyright: © 2010
|Pages: 16
DOI: 10.4018/978-1-61520-611-7.ch048
Abstract
Information Technology (IT), and the subsequent broad acceptance of Information and Knowledge Management (IM/KM) methods revolutionized the way business is thought of and practiced. With e-business facilitating the ability to do more, more, faster, at a wider range, and to influence ever larger and more diverse consumer groups, the impact of technology on commerce, finance, and global economy has been frequently compared to the “paradigm shift” that Kuhn (1970) proposed as the essence of scientific revolution. Yet, despite the transformational influence of modernity on the ancient art, the fundamental principles of business have not changed: overreliance on the facilitation of business operations as the substitution for the adherence to the soundness of their conduct fuelled rampant growth of corporate laisse faire, and already twice brought the world to the brink of economic disaster (Stiglitz, 2003; Steingart, 2008).