Mental Models for Strategy

Objectives

Mental models are abstract representations of reality. They provide a map to identify critical problems and develop solutions. Following a mental model approach, the course will equip the participants to examine firm´s strategies and obtain valid answers to related questions. Participants should possess basic understanding of concepts of strategic management. 


General characterization

Code

2665

Credits

3.5

Responsible teacher

Aman Asija

Hours

Weekly - Available soon

Total - Available soon

Teaching language

Available soon

Prerequisites

n/a 

Bibliography

Ketchen, D., & Short, J. (2011). Mastering Strategic Management. Link: https://saylordotorg.github.io/text_mastering-strategic-management/

Teaching method

The course will consist of series of sessions that will combine discussion of concepts and their application to specific cases/problems. Students will work in teams to analyse the cases/problems and will engage in questioning the analysis of other teams. 

Evaluation method

Assessment will be based on:

Participation (10%): based on contributions in class

Quizzes (20%): based on concepts discussed in class

Group presentation (20%): based on a given case/problem/concept

Final exam (50%): based on concepts discussed in class 


Subject matter

The course will cover mental models from various disciplines such as statistics, economics, and psychology and link them to basic concepts in competitive and corporate strategy. Specific topics include causal thinking and strategy, market cycles and strategy, signalling and strategy among others.