Harvard Business Review
DECEMBER 2, 2010
and Europe, though (and Japan's long struggles were seen as the product of peculiarly Japanese economic traits). The other big idea in the 1988 article was chaos theory. So were the currency and debt crises of 1997 and 1998, and the stock market collapse of 2000-2002. None of them brought economic devastation in the U.S.
Management Craft
DECEMBER 28, 2014
The butterfly effect is a popularized interpretation of one of the key elements of chaos theory and has its roots in something that mathematicians refer to as “extreme sensitivity to initial conditions” (small and seemingly insignificant changes at the start of a process can produce wildly different and practically unpredictable results).
Management Craft
DECEMBER 28, 2014
The butterfly effect is a popularized interpretation of one of the key elements of chaos theory and has its roots in something that mathematicians refer to as “extreme sensitivity to initial conditions” (small and seemingly insignificant changes at the start of a process can produce wildly different and practically unpredictable results).
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