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Growth of a New Product

$20

With updated simulation models in modern software, this illuminating monograph delves into the dynamic interplay between a firm’s capacity acquisition policies and the growth of its market. Serving as an exemplar of the industrial dynamics approach to managerial challenges, this book provides profound insights into the management of companies, unveiling how managerial policies can significantly impact growth behavior. Growth of a New Product dissects the interactions between information flow, finance, orders, materials, inventory, personnel, and capital equipment within an organization, industry, or national economy, turning abstract theories into tangible strategies.

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Description

Growth of a New Product: Effects of Capacity-Acquisition Policies, by Ole C. Nord, is the first in a series of publications on industrial dynamics research, originally published by The MIT Press in 1963. The System Dynamics Society has republished this book and updated the models using modern software (copyright © 2023 by System Dynamics Society). The models are certified to run as the original DYNAMO models. Don’t miss this opportunity to read the original book and access the updated models, which are still very relevant in business today.

This illuminating monograph delves into the dynamic interplay between a firm’s capacity acquisition policies and the growth of its market. Serving as an exemplar of the industrial dynamics approach to managerial challenges, this book provides profound insights into the management of companies, unveiling how managerial policies can significantly impact growth behavior. Growth of a New Product dissects the interactions between information flow, finance, orders, materials, inventory, personnel, and capital equipment within an organization, industry, or national economy, turning abstract theories into tangible strategies. This book is an essential companion for those studying industrial dynamics formally or informally, executives in business, or anyone keen on understanding the intricate machinery that propels business growth.

Published in 2023 by System Dynamics Society.

Originally published in 1963 by The MIT Press.

ISBN-13 Digital Ebook: 978-1-935056-29-4

ISBN-13 Paperback: 978-1-935056-30-0 (forthcoming)

Learn more about the Historical Classics originally published by The MIT Press that are now back in print!

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