“Strategy is accepting that you are doing something better than the other and the other is doing something better than you. You have to pick your fight.”
- Axel Dumas, CEO of Hermes
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“Strategy is accepting that you are doing something better than the other and the other is doing something better than you. You have to pick your fight.” - Axel Dumas, CEO of Hermes
A good strategy recognizes the nature of the challenge and offers a way of surmounting it.
Richard Rumelt • Good Strategy/Bad Strategy: The difference and why it matters
Good strategy works by focusing energy and resources on one, or a very few, pivotal objectives whose accomplishment will lead to a cascade of favorable outcomes.
Richard Rumelt • Good Strategy/Bad Strategy: The difference and why it matters
Good strategy works by focusing energy and resources on one, or a very few, pivotal objectives whose accomplishment will lead to a cascade of favorable outcomes.
Richard Rumelt • Good Strategy Bad Strategy: The Difference and Why It Matters
The purpose of good strategy is to offer a potentially achievable way of surmounting a key challenge.
Richard Rumelt • Good Strategy/Bad Strategy: The difference and why it matters
Its important lesson is that we should learn design-type strategy from an upstart’s early conquests rather than from the mature company’s posturing.
Richard Rumelt • Good Strategy/Bad Strategy: The difference and why it matters
It is the hard craft of strategy to decide which priority shall take precedence.
Richard Rumelt • Good Strategy Bad Strategy: The Difference and Why It Matters
There is an old aphorism that the key to strategy is playing the games you can win. Of course, life is not a game, nor is corporate management or statecraft. But the essential idea of focusing where you can “win” is neither trivial nor always followed.