System dynamics: a new management technique

Abstract

Greece stands on the threshold of becoming a new member of the EEC. Opi¬nions are mixed as to the effect of this move on the future of our business. However, it is commonly agreed by both sides, for and against our membership, that the future of our industries will be threatened by our continued lack of interest in adopting the new management techniques, which are so widely applied throughout the other mem¬ber states. Recent study shows that there are numerous opportunities to apply these techniques, and to adopt a new "management philosophy". The purpose of this paper is to demonstrate some highlights to the discerning manager of the relatively new technique of system dynamics, which has been applied by industries over the last 20 years, both in the United States and Europe.