The Positive Side Of Chaos: Revisioning Organization Part 1 with Dee HockIn 1968, Dee Hock convinced Bank of America to give up ownership and control of their BankAmericard credit card program. The new company, called National BankAmerica, was a non stock membership corporation equally owned by its member banks. The name was changed to VISA in 1976. Hock, then founding and operating Visa International described systems that are both chaotic and ordered, and used the term chaordic, a portmanteau combining the words chaotic
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The Positive Side Of Chaos: Revisioning Organization Part 1 with Dee Hock