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The Centre for Research in Finance
Australian Journal of Management

Mental Models of Managers: Aid or Impediment to Effective Strategic Action?


September 2001

Speaker:

  • Professor Robert Wood, AGSM
How managers' implicit models of the world (other people, themselves, competitors, the environment, etc.) can help and hurt adaptability and strategy formation is the focus of this briefing. During the discussion Professor Wood considers how the mental models of individuals differ with regard to the following:
  • Individual beliefs about the fixedness or changeability of the world (entity verus incremental thinking);
  • The degree to which models take the context into account versus focus on a small set of narrow variables (field versus figure thinking);
  • The degree to which models incorporate dynamic relationships between variables and tend to assume simple bivariate relationships (dynamic versus static thinking).
Panelists:
  • Sir Ross Buckland, Non-Executive Director, Allied Domecq & National Australia Group Europe Limited
  • Maria Maguire, Head Human Resources, Telstra OnAir
  • Terry Gray, Group Portfolio Manager, Westpac Banking Corporation
Resources: