The global financial crisis of 2008, is one of the best examples of the dangers associated with the narrow mental models, the authors say. Before the crisis, people either do not make sense of what is happening and decided to ignore it because of the profit opportunities. Some of the most basic assumptions implicit in the current world to collapse - such as the ever-increasing home prices and stock markets - were false, but that sentiment was so strong that, in general, the objections were raised. Although such narrow mental models can obscure the potential threats, the right mental models may open new possibilities, they say. The authors provide eight strategies portfolio mental models and overcoming inhibitors to change. After all, they argue that the mental model is not just an abstract concept. Million will be won or lost on the basis of human thinking, decision-making "Hide
by Yoram (Jerry) Wind, Colin Crook Source: Rotman School of Management, 5 pages. Publication Date: April 1, 2009. Prod. #: ROT081-PDF-ENG
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