systems!

Question 1

What are the 4 types of systems?

Answer 1

Simple, Complicated, Complex, Chaotic

Question 2

What is a simple system?

Answer 2

Easily knowable (Car key)

Question 3

What is a complicated system?

Answer 3

Not simple, but still knowable (Car)

Question 4

What is a complex system?

Answer 4

Not fully knowable but reasonably predictable (Car Traffic)

Question 5

What is a chaotic system?

Answer 5

Neither knowable or predictable (traffic in lagos)

Question 6

What are the rules?

Answer 6

1) Structure of the system determines the behavior of the system
2) The behavior of the system is difficult to predict and is often counter-intuitive

Question 7

What is the Cynefin Framework?

Answer 7

Decision making framework that recognizes the causal differences that exist between system types and proposes new approaches to decision making in complex social environments

Question 8

What are mental models?

Answer 8

ways that people organize the world to make a decision, formal and informal

Question 9

Examples of Formal Mental Models

Answer 9

1) DCF is a mental model of the value of cash flows over time
2) Birkman is a mental model of personality and work style

Question 10

Examples of Informal Mental Models

Answer 10

1) Thursday night is pizza night is a mental model of dinner planning
2) Lunch while working is a mental model of personal priorities