System Dynamics is an approach to understanding the behaviour of complex systems over time. It deals with internal feedback loops and time delays that affect the behaviour of the entire system.
System Dynamics is not IT, nor programming. It is a tool to support strategic development of companies.
System Dynamics is useful in:
- strategic management and planning, especially long-term planning and budgeting;
- HR planning (mass hiring and layoffs);
- Innovation and R&D planning;
- Inventory management.