Some common mistakes to avoid when thinking in systems include: not considering the whole system, focusing too much on individual components, ignoring feedback loops, and not accounting for delays in the system.
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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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Stocks are the "foundation" of a system and are the element that you can see, feel, count, or measure. A feedback loop is formed when changes in stock affect the flows into or out of that same stock. A prime example of this concept is interest as it relates to the amount of money in a bank account. Likewise, if you see less money in your account, you might react and take more work and thus the cycle continues.