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Business Dynamics: Systems Thinking and Modeling for a Complex World with CD-ROM, by John Sterman, John D. Sterman
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Today’s leading authority on the subject of this text is the author, MIT Standish Professor of Management and Director of the System Dynamics Group, John D. Sterman. Sterman’s objective is to explain, in a true textbook format, what system dynamics is, and how it can be successfully applied to solve business and organizational problems. System dynamics is both a currently utilized approach to organizational problem solving at the professional level, and a field of study in business, engineering, and social and physical sciences.
- Sales Rank: #141216 in Books
- Published on: 2000-02-23
- Original language: English
- Number of items: 1
- Dimensions: 10.30" h x 1.60" w x 8.20" l, 4.46 pounds
- Binding: Hardcover
- 1008 pages
About the Author
John Sterman (Lexington, MA) teaches at the Sloan School of Management and direct MIT's System Dynamics Group.
Most helpful customer reviews
13 of 13 people found the following review helpful.
Edward Garrity, Professor of Information Systems
By Edward J. Garrity
Sterman's book is far and away the best and most comprehensive book on system dynamics for business. Although the title is "Business Dynamics" it really is a text on applying system dynamics to both business and larger social issues/systems.
If you are a strong student of business and systems then this is the book for you. It is highly recommended if you are interested in learning the most you possibly can regarding system dynamics and how to model systems. However, if you are searching for an introduction to this area - watch out. The book is actually quite advanced - it is used at MIT and other graduate business programs at top universities.
What is amazing about this book is that it blends absolute precision, correctness and detail with practical modeling advice and insight and it is written in a relaxed style with numerous examples. It is one of the best examples of clear writing about a complex topic. Dr. Sterman's years of system work has allowed him a level of clarity that is unsurpassed in the business and systems area.
As mentioned earlier, the book can be overwhelming and I would recommend a newcomer to this area to pick up several books first, to provide a more gentle introduction. This is not a contradiction of what I wrote earlier, it is simply that the book packs so much information in its pages, and it is still very long.
Highly recommended.
2 of 5 people found the following review helpful.
A great book
By A Customer
This is the best book available on this subject. Very readable, very interesting, very useful, very practical. If you do system dynamics modeling..... you need it. Other system dynamics books may be useful for particular area (e.g. Ford's Modeling the Environment, Second Edition ), but this is the key book to have.
22 of 24 people found the following review helpful.
Good book, but could be better ...........
By An avid reader
This book is a must for anyone with interest in business modeling and simulation. It is the culmination of Forrester's seminal book on System Dynamics + the 40 odd years maturation that has occured in this discipline since 1961.
Though this book with 900 odd pages is large, it could have been useful if it had at least one serious case study which flowed through all the chapters and linked all the concepts. This would have helped potential practioners. In its current form the book contains many examples to explain the concepts, but none detailed enough. Many a times the author mentions that the actual models were complex, and a simplified version is being shown in the book. This however does not help the reader to understand and appreciate the complexities involved. It is probably because the concerned organizations were not willing to reveal "too much" lest they loose their IP.
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