What Is First Principles Thinking?

George Tovstiga
Additional contact information
George Tovstiga: EDHEC Business School

Chapter Chapter 2 in Strategy Praxis, 2023, pp 41-65 from Springer

Abstract: Abstract Strategy is about solving problems. Strategic problems tend to be complex, riddled with ambiguity and demand an approach suitable to the task. The first principles approach introduced in this chapter cuts through the causal ambiguity encountered in strategic problem-solving and enables us to drill down to the root causes of a problem. Strategic thinking coupled with strategic analysis generates insights that allow us to establish a foundation for better-informed decision-making. In this chapter, we build on the classical structured problem-solving algorithm and develop a first principles-based approach to strategic problem-solving, which constitutes a core theme of this book.

Keywords: First principles thinking; Insight-driven; Strategic problem-solving (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-031-40692-8_2

Ordering information: This item can be ordered from
http://www.springer.com/9783031406928

DOI: 10.1007/978-3-031-40692-8_2

Access Statistics for this chapter

More chapters in Management for Professionals from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().