Introduction to systems analysis, modeling and simulation

INTRODUCTION 5. Model verification 6. Model validation Effective execution of managerial responsibility is a perplexing task of ever increasing complexity. This is the result of unpredictable world, national and local economies, the pervasive impact of federal and state regulation, the capricious nature of the consuming public and the relentless and accelerating advance of modern. technology. The contribution of each of these elements of business life has led to the perceived need for larger and more complicated organizational structures to effectively carry on business activity. Consequently the manager is forced to recognize and understand the interaction of an increasing number of components within his own organization and its environment. With that recognition and understanding effective management is certainly not assurred. But the manager who does not recognize and understand the forces which should affect and are affected by his decisions has little hope of effectively discharging the responsibilities of a managerial position.

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