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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 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
Strategy is problem solving, and it is best expressed relative to a particular challenge.
Richard Rumelt • The Crux: How Leaders Become Strategists
good strategy creates advantage by magnifying the effects of resources and actions.
Richard Rumelt • Good Strategy/Bad Strategy: The difference and why it matters
Diagnosis is the starting point in creating a strategy.
Richard Rumelt • The Crux: How Leaders Become Strategists
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
Strategic actions that are not coherent are either in conflict with one another or taken in pursuit of unrelated challenges.
Richard Rumelt • Good Strategy/Bad Strategy: The difference and why it matters
The kernel of a strategy contains three elements: a diagnosis, a guiding policy, and coherent action.