Strategy, Rediscovered? — Martin Weigel
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Strategy, Rediscovered? — Martin Weigel
Despite the roar of voices wanting to equate strategy with ambition, leadership, “vision,” planning, or the economic logic of competition, strategy is none of these. The core of strategy work is always the same: discovering the critical factors in a situation and designing a way of coordinating and focusing actions to deal with those factors.
Richard Rumelt • Good Strategy Bad Strategy: The Difference and Why It Matters
Good strategy is not just “what” you are trying to do. It is also “why” and “how” you are doing it. A good guiding policy tackles the obstacles identified in the diagnosis by creating or drawing upon sources of advantage. Indeed, the heart of the matter in strategy is usually advantage. Just as a lever uses mechanical advantage to multiply force, s
... See moreRichard Rumelt • Good Strategy Bad Strategy: The Difference and Why It Matters
“A good strategy is, in the end, a hypothesis about what will work.”
— Michael Porter