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

Employee-driven Idea System

What is Employee-driven Idea System?   An ‘Employee-driven Idea System’ is a system where the employees are encouraged and incentivised to come up with ideas

Collective Bargaining

What is Collective Bargaining?   ‘Collective Bargaining’ is the term used to define the bargaining between employers and employees to reach a mutually beneficial agreement.

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