Term of the Day

system

1. A set of detailed methodsprocedures and routines created to carry out a specific activity, perform a duty, or solve a problem.
2. An organized, purposeful structure that consists of interrelated and interdependent elements (componentsentitiesfactorsmembersparts etc.). These elements continually goal of the system. All systems have (a) inputs,outputs and feedback mechanisms, (b) maintain an internal steady-state(called homeostasis) despite a changing external environment, (c) displayproperties that are different than the whole (called emergent properties) but are not possessed by any of the …
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Usage Example
A corporation without a system of corporate governance is often regarded as a body without a soul or conscience.
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