A reinforcing feedback loop is directly related to the concept of 'stock' in systems thinking. It occurs when a stock has the ability to reproduce itself or grow as a constant fraction of itself. For instance, when more customers leave positive feedback about a company, it attracts more people to try the company's services and leave more feedback. Over time, the 'stock' - in this case, customer satisfaction - reproduces on its own, creating a reinforcing feedback loop.
How do you avoid wasted time, money, and resources from short-sighted decisions? When you think in s...
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