complexity theory
See Also
Definition
Complexity theory enables understanding the realities of the evolutionary, dynamic, and complex nature of organizations, businesses, and economics. This understanding is necessary to develop an evolving organization capable of producing and sustaining a competitive advantage. Understanding complexity means it is explainable, not that complex systems are predictable, whether unpredictable due to the complexity itself or that the system is truly indeterminate.
Chaos theory, systems theory, and complexity --
Chaotic systems are deterministic. Complexity theory is about systems that can learn, like business organizations. Thus the term 'complex adaptive system' describes organizations. Stacey (2000, pp 209 - 210) posits the notion that systems thinking is an inadequate 'source domain' for understanding business organizations and prefers to tap directly into complexity as the source for analogy - thinking of organizations as complex responsive processes instead of complex adaptive systems.
There does not appear to be any standard for how systems, chaos, and complexity theory fit together. Complexity theory can be thought to fit within the umbrella of
Complexity theory certainly does apply to areas of science and study where