From Mental Models to Transformation: Overcoming Inhibitors to Change Harvard Case Solution & Analysis

The global financial crisis of 2008 symbolizes one of the finest potential instances of the dangers introduced by mental models that are narrow, say the authors. Before the crisis, individuals either failed to make sense of what was occurring or decided to ignore it because of the gain chances. Some of the most basic assumptions implicit in the prevalent worldview before the fall - such as ever-increasing home costs and stock markets - were patently untrue, but this mindset was so strong that by and large, objections were not raised.

While such narrow mental models can hide possible threats, the appropriate mental models can open up new chances, they say. Eight strategies are provided by the writers for developing a portfolio of mental models and overcoming inhibitors to transform.

PUBLICATION DATE: April 01, 2009 PRODUCT #: ROT081-PDF-ENG

This is just an excerpt. This case is about STRATEGY about STRATEGY & EXECUTION

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