TITLE:
Management by Chaos Theory with a Case-Study from Shipping Industry
AUTHORS:
Alexandros M. Goulielmos
KEYWORDS:
Vision, Mission, Limit Cycle, Case-Study of Eletson Shipping Company, Order of Chaos, Linear Management History
JOURNAL NAME:
Modern Economy,
Vol.10 No.8,
August
28,
2019
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.