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IBIMA Publishing IBIMA Business Review https://ibimapublishing.com/articles/IBIMABR/2024/731675/ Vol. 2024 (2024), Article ID 731675, 12 pages, ISSEN: 19473788 https://doi.org/10.5171/2024.731675Research
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Systems thinking in business refers to an approach that analyzes the interrelationships and dependencies within an organization and between its environment. It emphasizes understanding the whole system rather than just its individual components.
Organizations and businesses that engage in systems thinking practices, particularly those mandated by regulatory or reporting requirements, are required to file systems thinking and business.
To fill out systems thinking and business, organizations should follow the designated format and guidelines provided by the regulatory authority, ensuring they provide accurate information about their systems thinking practices, interrelations, and environmental impacts.
The purpose of systems thinking and business is to enhance decision-making, foster a holistic view of organizational processes, and improve overall efficiency and effectiveness by recognizing and addressing complex interdependencies.
Firms must report on their systems thinking strategies, the scope of their operations, any interdependencies identified, and the outcomes of their systems thinking initiatives.
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