In everyday life, each person makes this or that decision. The management decision is one of the central places in the management system. If you describe the full management cycle, management activities through functions, then in any of these functions is present two elements: preparation and...

This paper argues for broadening the application of hysteresis to institutions, policy lockin, psychology, identity, and economic ideas. Hysteresis is an element of historical processes, and the real world is historical. That explains why hysteresis is pervasive and important. Hysteresis should...