The document discusses several key aspects of the Cognitive School of strategy formation:
1. Cognition refers to processes like thinking, learning, judging, problem solving, and memory. The Cognitive School views strategy formation as a cognitive process that occurs in the mind of the strategist.
2. Strategists perceive and interpret the objective environment through "distorting filters" like concepts, maps, and schemas formed by their own cognition. This leads to different perceived environments across strategists and organizations.
3. The Cognitive School premises that strategies emerge from a strategist's perspectives and are difficult to obtain, optimize, and change due to the subjective nature of human cognition. Strategies depend on individual cognitive capabilities.