Hysteresis refers to the phenomenon where the current state of a system is influenced by its past history or path-dependent factors, even after the external conditions that caused the initial change have been removed or reversed. In other words, hysteresis implies a lag or delay in the response of a system to changes in its inputs or environment.
History matters! In systems, Hysteresis shows how past states affect the present and future. Change isnβt always immediate, and sometimes it lingers. ππ #Hysteresis #SystemsThinking #MentalModels
#Physics #ChangeManagement #LagEffect #Economics
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