Applying Modelling Paradigms to analyse Organisational problems

Managing a company requires different tools and methodologies in order to successfully deal with its intangible resources and maintain a competitive advantage. Econometrics, Agent-Based Modelling (ABM) and System Dynamics (SD) are modelling paradigms which facilitate the building of dynamic models that are characteristic of the organisational context. These three paradigms have important differences that can determine their suitability to analysing organisational problems. This paper firstly describes the Econometrics, System Dynamics (SD) and Agent-Based Modelling (ABM) modelling paradigms. Secondly, the paper studies how these three paradigms can analyse organisational problems by means of a model developed using each of the three paradigms. Finally, the paper provides some considerations towards a method for validating the assumptions of how the paradigms fit with the requirements to study an organisational problem.