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Overview
What you will study
- The Business Dynamics - MIT's Approach to Diagnosing and Solving Complex Business Problems course offered by Massachusetts Institute of Technology (MIT) provides an intensive, hands-on introduction to System Dynamics, a powerful framework for identifying, designing, and implementing high-leverage interventions for sustained success in complex systems.
- It has been used successfully in diverse industries and organizations, such as Airbus, Compaq, General Motors, Hewlett-Packard, Intel, and Merck. Developed at MIT more than fifty years ago by computer pioneer Jay Forrester, System Dynamics led to the creation of management flight simulators that allow managers to accelerate learning, experience the long-term side effects of decisions, and design structures and strategies for greater success.
Programme Structure
The program focuses on:
- Discover why dysfunctional dynamics persist in organizations
- Understand why success in one area often means trouble for other areas, and how to avoid this problem
- Identify and understand complex situations and the dynamics they produce
- Assess in advance the likely impact of different policies and decisions on the growth, stability, and behavior of organizations
- Design integrated growth strategies
- Deduce critical delays in new product development
- Make strategic decisions that result in outcomes consistent with overall objectives
- Develop the ability to think systemically and dynamically
- Implement successful change initiatives
Key information
Duration
- Full-time
- 5 days
Start dates & application deadlines
- StartingApply anytime.
More details
- Early application is encouraged and will increase your chances of being accepted.
Language
English
Credits
5 alternative credits
Delivered
On Campus
Campus Location
- Boston, United States
Disciplines
Business Administration View 225 other Short Courses in Business Administration in United StatesWhat students do after studying Business & Management
This information is based on LinkedIn alumni data for graduates from 2018 to 2024 and may not fully represent all career outcomes
Total alumni
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Academic requirements
We are not aware of any specific GRE, GMAT or GPA grading score requirements for this programme.
English requirements
We are not aware of any English requirements for this programme.
Other requirements
General requirements
- Business Dynamics is designed for executives, managers, planners, strategists, and consultants who work with management teams.
- It also benefits administrators of public and not-for-profit organizations, management scientists, and educators.
Tuition Fees
Tuition fees are shown in and the most likely applicable fee is shown based on your nationality.
-
International Applies to you
Applies to youNon-residents11400 USD / full≈ 11400 USD / full - Out-of-State11400 USD / full≈ 11400 USD / full
-
Domestic
Applies to youIn-State11400 USD / full≈ 11400 USD / full
Living costs
Boston
United States
1560 - 3239 USD / month
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
Funding
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