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Chaos Theory And Its Benefit For Today's World

Postgraduate Certificate in Audit Management & Consultancy

When management theorists talk of ‘difficult times ahead' they seem to be talking of market conditions, macro and micro, which are rapidly evolving, an environment which is unpredictable, uncertain, and uncontrollable. A kind of chaos. Thus, if the world is becoming a place which is forever changing, and organisations find that they cannot plan for the long run, or predict the market forces which they will ‘inevitably' be subjected to, then can management theory provide guidance and inspiration which will help them survive this chaos?

Well, ‘the true objective is to take the chaos as given and learn to thrive on it. The winners of tomorrow will deal proactively with chaos, will look at the chaos per se as the source of market advantage…Chaos and uncertainty are (will be) market opportunities for the wise…It is with that in mind that we must proceed." (Peters, T. (1987), Thriving on Chaos: Handbook for a......


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Approximate Word Count: 2330
Approximate Pages: 10 (250 words per double-spaced page)

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