Management by Chaos Theory with a Case-Study from Shipping Industry - Modern Economy

ME > Vol.10 No.8, August 2019

Management by Chaos Theory with a Case-Study from Shipping Industry ()

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Download as PDF (Size: 5004KB) PP. 2004-2029

DOI: 10.4236/me.2019.108127 1,393 Downloads 3,948 Views Citations

Author(s)

Alexandros M. Goulielmos^1,2

Affiliation(s)

¹Marine Economics, University of Piraeus, Department of Maritime Studies, Faculty of Maritime and Industrial Studies, Piraeus, Greece.
²Shipping Department, Business College of Athens, Athens, Greece.

ABSTRACT

We presented the two faces of Management: the linear and the nonlinear. The second we named it Management by Chaos Theory, and we used the limit cycle tool to determine the order of chaos, in which companies, most probably 61% of them will face the highest order of chaos. We showed also how the technique of full Descartes’ Diagrams, using changes in variables, may help managers. We presented diagrammatically how a manager can manage his/her company by visioning. We presented also a historical making-up of Linear Management since 1911 and contrasted it with nonlinear one, clarifying the terms of mission and vision. We grasped the opportunity to analyze the mission of a shipping company, and use its 12-year activity as a case study. This company found itself in high order chaos from 1996 to 2000. The paper showed how a manager could not get in a Chaos area and if in it, how to get out.

KEYWORDS

Vision, Mission, Limit Cycle, Case-Study of Eletson Shipping Company, Order of Chaos, Linear Management History

Share and Cite:

Goulielmos, A. (2019) Management by Chaos Theory with a Case-Study from Shipping Industry. Modern Economy, 10, 2004-2029. doi: 10.4236/me.2019.108127.

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