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Date/Time Organisation & Location Description
08/04/2019 -
08/04/2019

18:30-21:00
Bristol Local Group

Atkins, The Hub 500 Park Avenue, Aztec West, Bristol BS32 4RZ
Systems Dynamics

Living Business Models through Systems Dynamics; A core Systems Engineering Capability

Living Business Models (LBMs) exploiting the system dynamics method are quantified, time-based simulations of any enterprise, function, issue or project. They not only replicate changes over time to system-performance but also changes occurring to all elements of the system generating those results. Building on rock-solid theoretical principles, the process and tools required are not technically complex. Indeed, building LBMs is easier, faster and more reliable than attempting the same task with the spreadsheet tools most often employed for time-based business modelling. With INCOSE promoting adoption of model-based systems engineering (MBSE), LBMs offer an opportunity to extend system engineers’ influence and contribution in many aspects of enterprise management.

The event will include an interactive demonstration, connectivity permitting. So please bring a laptop or tablet, if you wish to take part. This talk was presented at the Annual System Engineering Conference in 2018.

Kim is an experienced strategy professional, teacher and publisher of online courses and teaching resources on business modelling – fast becoming a main-stream capability for executives, consultants and business students. He is the author of the prize-winning Competitive Strategy Dynamics (Wiley, 2002), a major strategy textbook Strategic Management Dynamics (Wiley, 2008), and summary e-book now widely used in MBA and executive teaching – Strategy Dynamics Essentials (Kindle, 2011). He is also co-founder of Strategy Dynamics Ltd, which publishes "serious games" and other dynamics-related learning material for management, and the user-friendly modelling application, Sysdea.

 

 

Title Author Doc Type Doc Date File Type View
System Dynamics - Living Business Models with System Dynamics  Group  Event Flyer  14/03/2019  pdf   Open