Learning from History through Comparative Analysis

The insight suggests that understanding historical events and decision-making processes of successful companies requires a method that involves looking at the past from the viewpoint of the time, not through a retrospective lens. It emphasizes the importance of conducting historical analysis by considering how key players perceived the world and made decisions at a specific point in time. Additionally, the comparison with other companies and conducting comparative analysis is vital to gain comprehensive insights, although it involves a significant amount of work.