Feedback loops in system thinking work by influencing the changes in a system's stock. When changes occur in a stock, it affects the flows into or out of that same stock. This creates a cycle where the state of the stock influences the flow, and the flow in turn influences the stock. For example, the amount of money in a bank account (stock) can be affected by the interest it generates (flow). If the account balance decreases, it may prompt the account holder to work more to increase the balance, thus continuing the cycle.
How do you avoid wasted time, money, and resources from short-sighted decisions? When you think in s...
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