Similarity Between Biological Systems and Businesses. Why Failure is Good for Business and Petroleum Exploration

Scientific Essay from the year 2019 in the subject Sociology - Economy and Industry, , language: English, abstract: In this text, we will explain how biological systems and businesses are similar in the way they behave and evolve. We will then argue that a good measure of fuzziness, serendipity, uncertainty is beneficial for biological evolution and business. We will then discuss why serendipity i...