15.871 and 873 introduce you to system dynamics modeling for the analysis of business, strategy, and public policy problems. You will learn to visualize a business organization or environmental system in terms of the structures and policies that create dynamics and determine performance.
System dynamics allows us to create ‘microworlds,’ management flight simulators where space and time can be compressed, slowed, and stopped so we can experience the long-term side effects of decisions, systematically explore new strategies, and develop our understanding of complex systems. We will use simulation models, case studies, and management flight simulators to develop principles of policy design for successful management of complex strategies. Case studies of successful strategy design and implementation using system dynamics will be stressed. We consider the use of systems thinking to promote effective organizational learning and policy design.