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Business SIG of the System Dynamics Society
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Working to expand the market for System Dynamics
Working to expand the market for System Dynamics

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Business SIG of the System Dynamics Society's posts

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Since its inception Lean methods have often espoused "systems thinking" as a key leadership behavior. But Lean, whether in manufacturing or knowledge-worker environments, has never explicitly described, in a widely accepted or acknowledged way, what discrete tools or techniques comprise this systems thinking. When "Lean thinking" is applied to the project dynamics model, the power of its approach is quickly revealed.

On today’s episode our guest Timothy Clancy will share some of his observations gathered over a 20-year career of using Lean and deploying it successfully within companies. He will explain why he shifted to simulation science to tackle “wicked mess” problems, discuss where simulation science fits within the performance improvement spectrum of tools (Lean, Six Sigma, Agile, Business Process Management etc.), and share the results of prototype experiments using the project dynamics model to evaluate common Lean and Six Sigma techniques.

Mark your calendars, share the invitation and bring your questions; we’ll answer them LIVE on the air.

Seth Cordes and Raafat Zaini

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In this episode our guest Kim Warren of Strategy Dynamics will discuss a typical fast-growing company in need of investment capital. He will demonstrate...
1) how SD models can be used to explore possible development paths and the resulting cash-position over time, and
2) how SD can be used to share the business model with potential investors

Please bring your questions, we’ll answer them live on the air.

Mark your calendars, share the invitation and we’ll see you on Thursday!

Seth Cordes and Raafat Zaini

About our guest:
Kim is an experienced strategy professional, teacher and writer. His work now focuses entirely on the practical, rigorous method known as Strategy Dynamics which he developed to help businesses and other organizations of any kind or size radically improve their planning and implementation of strategy. He is a past president of the System
Dynamics Society and a founding and active member of the Business SIG.

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Join us for the latest BSIG webinar: Dynamic Healthcare Models - accelerating diffusion and adoption with our guest Jim Rogers of Advance Management Group 

Agenda:
1) How System Dynamics models have improved patient quality of life and lowered the cost of care at the Mayo Clinic over the previous seven years and continue to deliver results today

2) "Inside the skin" SD models - accelerating diffusion, implementation, and dissemination - current research and insights for action

3) Individualized health care - draft framework working towards personalized, model-informed care

Mark your calendars, share the invitation and we’ll see you on Thursday!  

Seth Cordes and Raafat Zaini  
 
Papers and links mentioned:
https://drive.google.com/open?id=0BwE6r_7SMM0LZVJ3VHY1S3h0WkE

About the presenter: 
Jim has been consulting with Mayo Clinic in Rochester Minnesota since 1997.  He has led various groups and teams through model based business transformations. Jim and his team were the recipients of the 2015 System Dynamics Society Applications Award for their work titled: Biomedical System Dynamics to Improve Anemia Control With Darbepoetin Alfa in Long-Term Hemodialysis Patients (for more please visit  stories.systemdynamics.org
and cases.systemdynamics.org/anemia-control) 

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Much has been written about the importance of business models. Business Schools teach whole courses on the topic and consultants urge clients to innovate by changing those business models. But current definitions are ambiguous and qualitative. More seriously, those business model frameworks make​​ no attempt to quantify anything or show how and why the business actually performs as it does – they are descriptive “statues”, rather than true models.

In this webinar, Kim will demonstrate that it is possible to develop working, quantified business models that replicate how a real business (or a part of it) performs over time. This makes many important things possible: new ventures can be bench-tested before real money or people’s livelihoods are put at risk; market competition can be managed to the firm’s advantage; integrated business plans cutting across functional silos can be tested and shared by everyone; big challenges or initiatives can be rehearsed before they happen; and detailed, time-phased action-plans assembled and continually updated.

About the presenter:
Kim Warren is an experienced strategy professional, teacher and writer. His work now focuses entirely on the practical, rigorous method known as Strategy Dynamics which he developed to help businesses and other organizations of any kind or size radically improve their planning and implementation of strategy. He is a past president of the system dynamics society and a founding and active member of the BSIG.

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Live from #ISDC15!  

We will be reviewing progress on our open initiatives and discussing next steps.  

For more information please visit: http://sigs.systemdynamics.org/business/

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We will be reviewing progress on our open initiatives and planning next steps.  For more information please visit http://sigs.systemdynamics.org/business/

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Since the inaugural meeting of Business SIG on July 24, 2013 during the 31st International System Dynamics Conference in Cambridge, MA, several initiatives have been proposed and pursued in collaboration with the Society, SIG members, and other organizations including isee Systems and Leverage Networks. Currently active initiatives include:
(1) expansion of the Case Repository and improvements in its accessibility
(2) development and promotion of success stories in the application of System Dynamics to business problems, intended for audiences outside the System Dynamics community
(3) development of the System Dynamics Model/File Exchange (SDX), conceptually similar to the successful MATLAB File Exchange, to facilitate submission/exchange of models, modules, molecules, function libraries, and other modeling resources
(4) creation of a new membership category for corporates and organizations, which will be similar in outline to that adopted by a number of other professional societies, and
(5) development and implementation of a “CRM”-like (Customer Relationship Management) platform to facilitate communication and collaborations across the SIGs, Chapters, Society leadership, and global membership of the Society. The latter initiative is being pursued as a collaboration between Leverage Networks, isee Systems, and the Business SIG, which will serve as a pilot group for development and testing.
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