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Definition: Systems Thinking is an approach for studying and managing complex feedback systems, such as one finds in corporations and other social systems.
ST is a set of habits or practices to problem solving in which "problems" ar viewed as parts of an overall system (see also Gestalt Theory), rather than reacting to specific part, outcomes or events and potentially contributing to further development of unintended consequences.
It is based on the assumption that a component of a system can best be understood in the context of relationships with each other and with other systems, rather than in isolation.