Business Models And Evolving Economic Paradigms: A Systems Science Approach

In developed economies, however, the service sector now dominates the manufacturing sector, just as manufacturing prevailed over the agricultural sector after the industrial revolution. Simultaneously, as end products have transitioned from material outputs to information in digital form, traditional business models are under siege. The economic sociology in this new world challenges the integrity of models, methods and interventions successful in an earlier paradigm. Complementing traditional management and/or engineering curricula, this course challenges students to reconsider contexts, surface assumptions and explore alternative approaches to business. With a domain that includes both human and technological parts, systems science serves as a skeleton on which content can be structured.