Chapter 1, Problem 8RQ

Explanation of Solution

Systems thinking:

It is part of systems theory which focuses on the entire system and leverage points. It also concentrates on the integration that is based on the belief that the components of the system act differently when they are isolated from the system’s atmosphere. It is an approach to understand the linkages and interactions between the elements that comprise the whole of the system. It is very useful to address the complex or wicked problem situations.

Systems thinking in business operations:

• Systems’ thinking is a technique in which the entire system is monitored by observing multiple inputs being processed or transformed to produce outputs while continuously collecting feedback on each part...