Butterfly Effect

   

Definition: the Butterfly Effect is in chaos theory the sensitive dependence on initial conditions in which a small change in one state of a deterministic nonlinear system can result in large differences in a later state.

In simple wording, when applied to business, the butterfly effect means that small events sometimes yield large consequences.


   

   

More on the butterfly effect. More on change management: 8 Accelerators For Strategic Change, Bottom-up Approach, Change Approaches, Change Dimensions, Change Equation, more...

   


© 2020 MBA Brief - Last updated: 9-4-2020  -  Privacy   |   Terms