Nonlinear Thermodynamics

In their endeavour to generate a scientific theoretical body that could be applied in the day-to-day management of uncertainty within organisations, the Authors have abided by the rules that generally guide methodological and epistemological approaches in scientific writings. They have called on abstract thinking, rigorous protocols, and mathematical modelling to translate the powerful relationships between the variables that they have deemed relevant as a result of their deep analysis.

 

The Authors have adopted a thermodynamic perspective to develop the proposed theoretical body. They have drawn their inspiration from the writings of the scientists who have defended the belief that psychosocial thermodynamics can be fruitfully exploited. According to that belief, Nonlinear Thermodynamics can be exploited with the aim of modelling social systems.

 

Professor Ilya Prigogine has probably been an influent inspirer of this thermodynamic perspective.

 

Having exploited the analogy offered by the Dynamic Systems Theory to model the relationships between the variables deemed relevant, the Authors have reached the conclusion that the path facing the psychosocial systems dealing with Uncertainty is random, unpredictable, and irreversible.

 

Notwithstanding those characteristics, Uncertainty may notably be used as a resource to strengthen the entrepreneurial, managerial, and strategic objectives of any organisation through at least the three concepts as follows:

 

ü Paradoxical Strategy – this approach embodies the refusal to make definitive choices given the unpredictability of events while there is a certain overriding strategic aim at the time a decision is made

 

ü Labyrinth of Time – the concept of time following a continuity that depends on convolutions that do not submit to chronology, a Labyrinthine approach of time management is necessary to deal with the fluctuations and bifurcations that lead to a new dissipative structure: a new temporary equilibrium

 

ü Recursive Modelling – the temporary nature of the equilibrium reached after a strategic decision puts the management of any organisation under the obligation of recursively modelling the relationships between the parameters deemed relevant, in anticipation of new fluctuations and bifurcations

 

 

Immanence!

Our private equity firm is built around human identity and behavioural psychology.