Analogical Strategic Reasoning
Last Updated 01/2017
English
Full Lifetime Access
Finish in
40 min! Run Time
40 min! Run Time
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Employees
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Employees
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No Certificate
Provided
Provided
Description
Strategy is about choice, and executives often reach for analogies to make big decisions. This course explores that habit as Analogical Strategic Reasoning.
What this course covers:
- How analogical reasoning shapes real strategic decision making
- The thinking behind the HBR article "How Strategists Really Think" by Gavetti and Rivkin
- The strengths that make analogies useful for creative strategy
- Common pitfalls to watch for when reasoning by analogy
- Alternative methods, including deduction and trial and error
Case examples and templates help you apply the technique in your own analyses.
System Requirements
See System Requirements in the Coggno Knowledge Base
Author
What Is Flevy?
Flevy develops management training guides of the same caliber as those produced by top-tier management consulting firms, like McKinsey, Bain, Accenture, BCG, and Deloitte. In fact, our authors include ex-consultants from all these firms. Most of our materials were developed by seasoned executives and consultants with 20+ years of experience.
Analogical Strategic Reasoning
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Analogical Strategic Reasoning (940 KB)
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Frequently Asked Questions
This course is designed for employees who need to complete Analogical Strategic Reasoning training
Yes. This course is designed to meet applicable federal requirements and commonly mandated state standards. Always confirm specific state or industry requirements with your local regulations.
The course takes approximately 40 minutes to complete and can be paused and resumed at any time.
No. This course does not include a certificate of completion.
Yes. You can assign this course to individuals or groups using Coggno’s LMS, or purchase multiple seats for your team.
Yes. This course can be exported for delivery in most learning management systems (SCORM compatible).
Yes. The course is fully self-paced and available 24/7.
Yes. This course includes a knowledge check to reinforce learning and verify completion.
Learners have lifetime access from the date of purchase.
Yes. A preview is available so you can review the course format and content before purchasing.
Yes. Content is reviewed and updated as regulations and best practices change.
No. This course is not included with the Prime Subscription and must be purchased separately.
Yes. Refund requests can be submitted within 30 days of purchase.
This is a 38-slide PowerPoint.
Strategy is about choice. Oftentimes, executives use analogies to make strategic choices, known as Analogical Strategic Reasoning. Using this technique plays a role in strategic decision making that is large, but largely overlooked. Strategists who pay attention to their own analogical thinking will make better strategic decisions and fewer mistakes.
Analogical Strategic Reasoning is described in the HBR article "How Strategists Really Think," authored by Giovanni Gavetti and Jan Rivkin. Much of this document is based on the thinking proposed by these authors. Analogical Strategic Reasoning is often used by strategists for the following purposes:
* The amount of information available in many strategic situations is similar to the information required to draw analogies.
* The wealth of managerial experience matches the need for that experience in analogical reasoning.
* The need for creative strategies can be fulfilled through analogy's ability to spark creativity.
Successful strategy consultants and firms are known for their ability to draw lessons from one industry and apply them to another--i.e. apply Analogical Strategic Reasoning.
This document discusses the merits and methodology to Analogical Strategic Reasoning, including its strengths, common pitfalls, and other problem solving methods: Deduction and Trial and Error. This document also contains case examples and PowerPoint templates to be used in your own analyses and presentations.