Complexity theory: a science where historical accidents matter

To follow the modern movement of using “positive feedback” to explain companies' behaviour with special focus on historical accidents.

To contribute to the emergence of new complexity theory as applied to management and prove that historical accidents matter, combining and bringing together literature sources.

The concept of unique equilibrium has been seriously disputed – the selection process is shown, as is the path dependent process using probability theory.

A location theory as case study is outlined – great for those fond of unique equilibrium.

To show another theory, which is dynamic, non‐linear, and complex as reality; to apply it to management underlying at the same time the role of historical accidents (random process).