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The law of requisite variety is that a deterministic strategy for can at best limit the variety in outcomes to , and only adding variety in 's moves can reduce the variety of outcomes: "only variety can destroy variety". [1]: 207 For example, in the table above, has a strategy (shown in bold) to reduce the variety in outcomes to ...
When regulation is seen as a game between a regulator and source of disturbances , "only variety in can force down the variety due to ; only variety can destroy variety." [15]: 207 In work with Ashby, Conant augmented this with the " Good Regulator theorem" stating that "every good regulator of a system must be a model of that system". [ 16 ]
Management (or managing) is the administration of organizations, whether they are a business, a nonprofit organization, or a government body through business administration, nonprofit management, or the political science sub-field of public administration respectively. It is the process of managing the resources of businesses, governments, and ...
The term scientific management refers to coordinating the enterprise for everyone's benefit including increased wages for laborers [1] although the approach is "directly antagonistic to the old idea that each workman can best regulate his own way of doing the work." [2] His approach is also often referred to as Taylor's Principles, or Taylorism.
Below are examples of the applications of management science. In finance , management science is instrumental in portfolio optimization, risk management , and investment strategies. By employing mathematical models, analysts can assess market trends, optimize asset allocation, and mitigate financial risks , contributing to more informed and ...
Design thinking refers to the set of cognitive, strategic and practical procedures used by designers in the process of designing, and to the body of knowledge that has been developed about how people reason when engaging with design problems.
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Intraspecific diversity, the variety of alleles within a single species, also offers us a choice in our diets. If a crop fails in a monoculture, we rely on agricultural diversity to replant the land with something new. If a wheat crop is destroyed by a pest we may plant a hardier variety of wheat the next year, relying on intraspecific diversity.