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System

A system is an organized, interconnected set of components working together as a unified whole to achieve a specific purpose or function. These components can be physical (e.g., hardware, organs), abstract (e.g., rules, processes), or digital (e.g., software, networks), and they interact through defined relationships or protocols.

Systems can be open (interacting with their environment) or closed (self-contained), and range from simple (e.g., a thermostat) to complex (e.g., ecosystems, economies, operating systems). They designed to maintain stability, efficiency, and adaptability, often producing emergent properties—results greater than the sum of their parts. Through structured collaboration and feedback loops.

Political Environment: Legislature, Executive, and Judiciary

August 4, 2025August 18, 2019 by Nageshwar Das

The influence of the political environment of business is enormous. This article explains the topic of the International political environment … Continue Reading

Categories Business Environment

Economic System Capitalism Socialism Communism

March 25, 2025August 14, 2019 by Nageshwar Das
Economic System Capitalism Socialism and Communism

The economic system divides into three groups; capitalism, socialism, and communism. The scope of private business and the extent of … Continue Reading

Categories Business Environment

What are the Essentials of Effective Control System?

August 4, 2025July 24, 2019 by Nageshwar Das

Essentials of Effective Control System; Control is necessary for every organization to ensure that everything is going properly. Every manager, … Continue Reading

Categories Controlling

Why we Comparison of Different Production Systems?

August 4, 2025July 22, 2019 by Nageshwar Das

Comparison of Different Production Systems; The system relies on a number of important factors like policies of the organization, Types … Continue Reading

Categories Production Management

Types of Production Systems; Continuous System and Intermittent System

August 4, 2025July 21, 2019 by Nageshwar Das

Types of Production Systems; A production manager will have to choose the most appropriate method for his enterprise. The final … Continue Reading

Categories Production Management

Production System Introduction Meaning Definition and Elements

August 4, 2025July 20, 2019 by Nageshwar Das

What does mean Production System? Introduction; A system is a logical arrangement of components designed to achieve particular objectives according to … Continue Reading

Categories Production Management

Advantages and disadvantages of Expert Systems

October 2, 2025November 24, 2018 by Nageshwar Das
Advantages and disadvantages of Expert Systems Image

What is the advantages and disadvantages of expert systems? An expert system is a computer program that designs to emulate … Continue Reading

Categories Management Information System

Meaning, Definition, Services, and Functions of Financial System

May 27, 2025October 11, 2018 by Nageshwar Das
Meaning Definition Services and Functions of Financial System

A financial system is a network of financial institutions, financial markets, financial instruments, and financial services that facilitate money transfer. … Continue Reading

Categories Financial Management

What is the Concept of Corporate Planning?

May 27, 2018May 25, 2018 by ilearnlot

Learn and Explain, What is the Concept of Corporate Planning? A plan is a predetermined course of action to be taken … Continue Reading

Categories Management Information System

Explain Management As a Control System!

May 27, 2018May 25, 2018 by ilearnlot

Learn and Study, Explain Management As a Control System! Planning, organizing, staffing, coordinating, directing and controlling are various! Steps in a management … Continue Reading

Categories Management Information System
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