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Similarity Between Biological Systems and Businesses. Why Failure is Good for Business and Petroleum Exploration


Similarity Between Biological Systems and Businesses. Why Failure is Good for Business and Petroleum Exploration


1. Auflage

von: Bernhard Seubert

CHF 13.00

Verlag: Grin Verlag
Format: PDF
Veröffentl.: 25.10.2021
ISBN/EAN: 9783346522252
Sprache: englisch
Anzahl Seiten: 12

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Beschreibungen

Scientific Essay from the year 2019 in the subject Sociology - Economy and Industry, , language: English, abstract: In this text, we will explain how biological systems and businesses are similar in the way they behave and evolve. We will then argue that a good measure of fuzziness, serendipity, uncertainty is beneficial for biological evolution and business. We will then discuss why serendipity is an integral part of evolution. We will try to demonstrate that the same rules that make biological evolution successful apply to business, too. Mathematical concepts and their limitations will be discussed briefly. A short example of how this applies for petroleum exploration has been added.

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