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Strategic Management Insights Review & Group Assignment Guidelines

Review of Blue-3 results with key lessons learned from the simulation game. Instructions for the group assignment, focusing on reacting to technological change using logical reasoning and deep reflection. Explore mental models and heuristics for strategic decision-making. Breakdown of Itella case example with separate slides and insights on timing change and different perspectives. Encourage challenging ideas while keeping the big picture in mind and considering analogical reasoning.

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Strategic Management Insights Review & Group Assignment Guidelines

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Presentation Transcript

  1. Agenda today • Review of Blue-3 results • Overallwrap-up of the simulationgame • Instructions for the groupassignment • Break • Case example: reacting to technologicalchange (Finnishpostreaction to electroniccommunications) • Mentalmodels and change – groupwork

  2. Wrapup: Key lessons? • Think 3 minutes – whathasbeen the keylearning for youduring the coursesofar? • Eachstudentsharestheir idea • Makenotes • Youlearn • Will help in making the groupassignment

  3. Lessonslearned • Challenge ideas and assumptions, butdon’tcallpeoplestupid • Logicalreasoning • Exploreintuitions • Using feedback and analyses • Keep the big picture in mind • What is yourcore idea in the strategy? • Fitbetweenchoices • Don’tgetlost in details • Competitors and customerskeepacting and changing • Evenifyouimprovedrelative to yourownpast, itdoesnotmeanthat the resultsgetbetter • Analogicalreasoning • Considerhow a solutionthatworkedsomewhereelsewouldwork in yoursituation • Heuristics • Developsome, butbeaware of theirlimitations • Deep reflection and causalknowledge • Differentperspectives • Look at itfromconsumer, competitor, etc. point of view • Timingchange • New thingsarecoming, butoldonesdon’tnecessarilydisappearimmediately • ”Reality is wrong” – not • Don’tblame the game/realityifyour ”good” decisionslead to badoutcomes

  4. Group assignmentinstructions • Aim to have 70% ready version beforenextlecture • Instructions on a separatedocument

  5. Break

  6. Itella case • Separateslides

  7. Mentalmodels and change • Separateslides

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