4 ms·
I hate on Peter Thiel all the time, but he's absolutely right here. MBA schools teach a form of strategic analysis that is almost purely driven by fatally flawe
by saosebastiao 10y ago
I hate on Peter Thiel all the time, but he's absolutely right here. MBA schools teach a form of strategic analysis that is almost purely driven by fatally flawed ex post facto reasoning. Hell, the case study model pioneered at Harvard is a case study in ex post facto reasoning. Just read their most popular business books...always looking to the past and trying to find mystical reasons why one company did well and another company didn't (while completely ignoring counterfactuals).
We shouldn't be surprised that this form of reasoning leads to really bad ideas about what the next big thing is.
- cmahler7 10y agohate the artist, not the art. You don't have to like Thiel's political beliefs to admit he's smart as hell.
- deleted 10y ago[deleted]
- tingbadimalo 10y agoCurrent MBA student here. I certainly agree with the fact that a lot of business (especially case studies and popular business books) is a posteriori However, I don't think that means that it is always flawed reasoning. There are kernels of truth that can be gained. The challenge is that most of the analysis and synthesized learnings will apply for specific companies and points in time. BUT, it's the analytical ability and reasoning skills that are important to develop as an MBA and NOT the specific learnings that applied to companies in the past. Any MBA that tells you otherwise is obviously flawed.