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In the context of systems thinking, "stock-limited" and "flow-limited" are terms used to describe the constraints of different types of resources. A "stock-limited" resource is one that is non-renewable, meaning its quantity is fixed, like oil or coal. Once these resources are used up, they cannot be replenished. On the other hand, a "flow-limited" resource is renewable, like solar energy or wind power. These resources are not limited by the amount available, but by the rate at which they can be replenished or generated. If a renewable resource is used faster than it can regenerate, it essentially becomes a non-renewable or "stock-limited" resource.
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The constraints imposed on a renewable vs. non-renewable system differ based on stocks and flows. For example, non-renewable resources are stock-limited whereas renewable resources are flow-limited. If you extract a resource faster than it can regenerate, it will essentially create a non-renewable system. Whaling was one of the most prominent businesses in America before scientists understood the animals' long reproductive cycles. At the time, whales appeared to be an infinite resource but proved to be quite the opposite.
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How do you avoid wasted time, money, and resources from short-sighted decisions? When you think in systems, you can learn to recognize the relationshi...
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How to know if an idea is worth pursuing? Companies need tried-and-true ways to discover the next big idea that will disrupt their industry. This Idea Testing presentation template includes tools that can be customized to different business scenarios and provide a framework for brainstorming and testing new ideas.
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