Systematic Simplicity: The Value of Simplicity in Entrepreneurial Ventures

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Richard A Muscat

Abstract

Many authors have endorsed simplicity as being a key fee in society, technology and entrepreneurship (Cohen and Stewart, 1994; Cooper, 2004; de Bono, 1998; Gell-Mann, 1994; Jenson, 2002; Maeda, 2006). Indeed features including simplicity, ease of-use, and readability are undeniably perfect capabilities to many people and organisations. Entrepreneurship and innovation have additionally established to be key elements in fuelling monetary growth, producing employment, and offering better excellent of lifestyles for marketers and the societies wherein they function (Autio, 2005). These 3 fields—simplicity, innovation and entrepreneurship—are relative inexperienced persons to the panorama of rigorous instructional studies. Nonetheless a amount of literature has been generated at the topics and sturdy studies frameworks were proposed.
The creation and boom of extensive computing strength all through the 20th century led scientists to pursue research in computational complexity and complicated adaptive structures: regions wherein issues are `large` and regularly intractable. In flip this fueled interdisciplinary hobby in complexity technology, complicated structures and emergence. This dissertation investigates theories of complexity and specializes in the version acknowledged as `powerful complexity`. By concerning the entrepreneurial undertaking as a complicated adaptive system, `powerful complexity` may be placed as a theoretical version for comparing complexity in an entrepreneurial context. Subsequently, via an in depth case take a look at the version is contrasted to the real-global situation of a organisation that has centered solely on growing easy products. Results from the case take a look at imply a diploma of correlation among the theoretical notions of complexity and the entrepreneurial perceptions of simplicity. Hence powerful complexity ought to doubtlessly offer a legitimate theoretical basis for growing systematic simplicity techniques.

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Richard A Muscat. (2022). Systematic Simplicity: The Value of Simplicity in Entrepreneurial Ventures. European Economic Letters (EEL), 12(1). https://doi.org/10.52783/eel.v12i1.78
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