Butterfly Effect

What is Butterfly Effect ?

  
The ‘Butterfly Effect’ hypothesizes that small changes in the initial conditions of a system will lead to catastrophic changes in the future. The term was coined by American mathematician, Edward Norton Lorenz, who is known as the father of the Chaos Theory.
 
It is named as ‘Butterfly Effect’ due to the example given for explaining the same. The example cites that a butterfly fluttering its wings would eventually lead to the formation of a hurricane.
 
The idea is one of the inherent components of chaos theory, as it is instrumental in understanding how a seemingly insignificant change will lead to major variations down the line.

More HR Terms

Viral Marketing

What is Viral Marketing?   ‘Viral Marketing’ refers to the campaigns and strategies designed to make some idea or concept viral in order to attract

Benefits Administration

What is Benefits Administration ? ‘Benefits Administration’ is the process of managing the benefits for the employees. It is a labour-intensive task as HR needs

Competitive Advantage

What is Competitive Advantage?   ‘Competitive Advantage’ refers to the advantage a company has against the competition which helps it remain in the business. The

Contact Us

Contact Us

We use cookies on our website to provide you with the best experience.
Take a look at our ‘privacy policy’