Even though everyone is talking about it, there is no concept in business today more muddled than ‘strategy’. Richard Rumelt, described by McKinsey Quarterly . Citation: Richard P. Rumelt, () “Good Strategy/Bad Strategy: The The role of CSR in business strategy: Maintaining competitive advantage with a. This summer, Richard Rumelt authored a book called “Good Strategy, Bad Strategy: The Difference and Why It Matters.” As you might expect the title alone.
|Published (Last):||1 May 2018|
|PDF File Size:||1.15 Mb|
|ePub File Size:||5.36 Mb|
|Price:||Free* [*Free Regsitration Required]|
Rumelt’s refrain is that goal-setting and strategy are often conflated. The barbs he slings at ‘bad’ strategists are hilarious. Keeping with one of the themes of the book – that strategy is hard work – he argues one of the main impediments to action is the belief that certain painful choices or actions can be avoided, and that all priorities can richar accommodated.
Rumelt,Profile Books Rumelt says… What was so great about this book? Rumelt does not abide vapid fluff. The diagnosis defines or explains the nature of the challenge, and identifies the critical aspects, strwtegy to allow action. The primary reason, as Rumelt highlights, is that bad strategy trumps analysis, logic and choice, with people hoping that they can avoid these often gnarly fundamentals and any issues in overcoming them.
Good Strategy Bad Strategy: The Difference and Why It Matters
For fully internalizing the main takeaways, I probably will have to r This is probably the most the most enlightening book I’ve read in the last 5 years. I read this book because it was recommended by web designer Paul Boag in his podcast episode 10 books every web professional should read. A good primer for strategy. The process itself sounds simple, but as Rumelt demonstrates from his many examples, strategy is also difficult because its aim is to formulate a unique view of the operating environment sstrategy will allow an organization to act effectively to meet its goals.
Actionable tips, case studies, best practices in your inbox every other week.
A related strategy would describe some of the key challenges to overcome in order to achieve the vision. This is probably the most the most enlightening book I’ve read in the last 5 ricnard. This is a wonderful book, full of fresh ideas and practical advice, written in a clear and engaging way.
Good Strategy/Bad Strategy: The Difference and Why It Matters. By Richard Rumelt
Highly recommended for all organizations. I suggest skippi An insightful but long-winded exploration of effective richar. Through loads of detailed examples and thoughtful insight, he identifies a useful path forward for entrepreneurs and business leaders working to build a remarkable enterprise. This is such a great book, but I debated rating it 4 stars because I felt some of the examples dragged on a little, becoming slightly monotonous.
What is the critical test of Rumelt’s blah-blah to distinguish it from everyone else’s mumbo-jumbo? Its prevalence derives from the inability to choose, from mistaking goals for strategy, and from failing to face up to the challenges or address the critical issues facing an organisation in a practical achievable way. Nevertheless, it’s a good book for everyone dealing with planning and strategy in their job and, dare I say, bav in your personal life you might find some things useful.
Our Two Cents on “Good Strategy, Bad Strategy”
Very practical and applicable. The book is structured in three parts: Apr 27, Leanne Ritchie rated it really liked it. Building on solid academic foundations and using fascinating examples from business, politics and history, Rumelt exposes the many fallacies that surround this important concept while providing his own unique and refreshingly-clear approach on how to develop a coherent and successful strategy.
Like guardrails on a highway, your plan offers a guiding approach. As you might imagine, there are many reasons for bad strategy. The examples, stories, and anecdotes kept me engaged throughout this well written book. Just as important as being able to formulate good strategy is the ability to detect bad strategy. A Dose of Strategy. The common theme seems to be that bosses are confused about what strategy is and are doing silly stuff like writing mission statements.
But if you don’t feel like watching the video, what I said about it is below.
The final element is this one of actions, of devising a coordinated set of actions or steps that work together to achieve the policy. The impossibility of a formula is due in part to the fluid definition of “good strategy. This stratey teaches you how to do it. These articles alternatively argue that the US needs to embrace complexity, focus on the homefront, rebalance to face rising peer competitors, brace for multiple challenges, to focus on a handful of known challenges, or to strayegy on domestic issues before starting on new for This review first appeared on “Defense Innovator” http: Buy it and read it.
I liked the insider take on the agricultural firm that makes Pom. In essence, the kernel forms the bare bones skeleton rimelt a strategy. The connections between these three elements are crucial for a strategy to be strategic. To see what your friends thought of this book, please sign up.
Good Strategy/Bad Strategy | The Difference and Why It Matters
Here I believe the book could have delved deeper. Rumelt suggests that the underlying factor contributing to bad strategy is lack of commitment to the hard work.
richrd Mar 31, Asif rated it it was amazing. Why has so much bad strategy proliferated in the world much of the examples come from U.
He should apply the scientific method to himself.
Aug 13, Daniel Clausen rated it it was amazing Shelves: