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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
strategy is a mixture of policy and action designed to surmount a crucial challenge
Richard Rumelt • The Crux: How Leaders Become Strategists
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
The kernel of a strategy contains three elements: A diagnosis that defines or explains the nature of the challenge. A good diagnosis simplifies the often overwhelming complexity of reality by identifying certain aspects of the situation as critical. A guiding policy for dealing with the challenge. This is an overall approach chosen to cope with or
... See moreRichard Rumelt • Good Strategy Bad Strategy: The Difference and Why It Matters
A good strategy has an essential logical structure that I call the kernel. The kernel of a strategy contains three elements: a diagnosis, a guiding policy, and coherent action.
Richard Rumelt • Good Strategy Bad Strategy: The Difference and Why It Matters
A good strategy defines a critical challenge. What is more, it builds a bridge between that challenge and action, between desire and immediate objectives that lie within grasp. Thus, the objectives a good strategy sets should stand a good chance of being accomplished, given existing resources and competence.
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
Richard Rumelt • Good Strategy Bad Strategy: The Difference and Why It Matters
- ONLY ONE FRAMEWORK AT A TIME.
- STOP TRYING TO PROVE YOUR WORTH
- OPEN WITH THE DECISION, THEN BACK IT UP.
- DON’T BE PRECIOUS, BE USEFUL.