Similarity Between Biological Systems and Businesses. Why Failure is Good for Business and Petroleum Exploration

Bernhard Seubert

ISBN 10: 3346522261 / ISBN 13: 9783346522269

Published by GRIN Verlag, 2021

About this Item

Similarity Between Biological Systems and Businesses. Why Failure is Good for Business and Petroleum Exploration | Bernhard Seubert | Taschenbuch | Englisch | 2021 | GRIN Verlag | EAN 9783346522269 | Verantwortliche Person für die EU: preigu GmbH & Co. KG, Lengericher Landstr. 19, 49078 Osnabrück, mail[at]preigu[dot]de | Anbieter: preigu Print on Demand.

Seller Inventory # 120831515

Bibliographic Details

• Title: Similarity Between Biological Systems and Businesses. Why Failure is Good for Business and Petroleum Exploration
• Publisher: GRIN Verlag
• Publication Date: 2021
• Language: English
• ISBN 10: 3346522261
• ISBN 13: 9783346522269
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 210W x 148H x 2D millimeters 210 millimeters width by 148 millimeters height by 2 millimeters depth
• Weight: 40 grams
• Seller catalogs:
  • Bücher

About this title

Synopsis

Scientific Essay from the year 2019 in the subject Sociology - Economy and Industry, , language: English, abstract: In this text, we will explain how biological systems and businesses are similar in the way they behave and evolve. We will then argue that a good measure of fuzziness, serendipity, uncertainty is beneficial for biological evolution and business. We will then discuss why serendipity is an integral part of evolution. We will try to demonstrate that the same rules that make biological evolution successful apply to business, too. Mathematical concepts and their limitations will be discussed briefly. A short example of how this applies for petroleum exploration has been added.