Systems theory was not originally a business theory. Indeed, systems theory was proposed in the 1940s by biologist Ludwig von Bertalanffy, say Francis Heylighen and Cliff Joslyn in their article, ...

When asked the question, "What is a theory?" most of my students (regardless of age or educational level) respond with an explanation that is akin to "a reasonable, educated/informed guess." Indeed, ...

What is the Multi-Step Flow Theory? A theory stating that the mass media distributing information first flows down to opinion leaders before getting to the public. The multi-step flow theory was first ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Avinash Dixit, John J. F. Sherrerd '52 University Professor of Economics at Princeton University, is John Nash's colleague and friend. He has taught economics courses on games of strategy, and written ...

Charles Darwin's Theory of Evolution is one of the most solid theories in science. But what exactly is it? When you purchase through links on our site, we may earn an affiliate commission. Here’s how ...