The financial crisis challenges the economic system of the western sphere and its ethical, theoretical and economic foundations. It questions also its claim for superiority. The article reflects on the outcomes of its institutions and policies and it investigates these institutional outcomes by shedding light on its mechanistic foundations in policy and management. Following on from that, the underlying ,,logic of failure’’ is compared with an evolutionary and systemic management approach, that rests on a completely different understanding of ourselves and the environment. This policy and management approach explicitly focuses on the viability and sustainability of the system. Finally, major application fields are described and consequences are drawn for the respective goal definition and the process design transformation in business and public policy.
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