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The evolution of one company affecting the evolution of other companies this is exemplified by the classical case of microprocessors and software. While microprocessor producers develop more efficient processors, the software producers quickly make use of the new opportunities and the software becomes heavier, which causes pressure to develop even more efficient processors. Also, strategic changes of one company affect strongly to possibilities of other companies in its ecosystem. This is why managers should consider the broad impact of their decisions over the whole ecosystem. Complexity concept: Co-evolution

The evolution of one company affecting the evolution of other companies this is exemplified by the classical case of microprocessors and software. While microprocessor producers develop more efficient processors, the software producers quickly make use of the new opportunities and the software becomes heavier, which causes pressure to develop even more efficient processors. Also, strategic changes of one company affect strongly to possibilities of other companies in its ecosystem. This is why managers should consider the broad impact of their decisions over the whole ecosystem. Complexity concept: Co-evolution

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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The evolution of one company affecting the evolution of other companies this is exemplified by the classical case of microprocessors and software. While microprocessor producers develop more efficient processors, the software producers quickly make use of the new opportunities and the software becomes heavier, which causes pressure to develop even more efficient processors. Also, strategic changes of one company affect strongly to possibilities of other companies in its ecosystem. This is why managers should consider the broad impact of their decisions over the whole ecosystem.

Complexity concept: Co-evolution

Explain the concept of Co-evolution based on the scenario above.

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