The Firm as a Viable System

Abstract

The viable system logic is widely considered a reference point for all the entrepreneurial organizations. The viable organizations have to struggle for existence, a statement particularly valid, if we consider changes (adjustments, transformations, reorganizations) of logic and physical assets (logic and physical structure) as also specific configurations developed in time. As a consequence, a viable system can be defined as follows: it is a system that survives, remains united and entire; it is omeostatically equilibrated internally and externally; it contains mechanisms and opportunities to grow, learn, develop and adapt becoming more efficient in a proper context.

Keywords

• firm
• systemic approach
• management studies
• viable system
• market-driven management