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.
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As a product manager in the tech industry with 15 years of experience, I learned more about what is a strategy from this book than from any other sources. It is very empty, lack of concrete content, just examples piled up with abstract words.
Recent Developments: Our Take on Richard Rumelt’s “Good Strategy, Bad Strategy”
A Dose of Strategy. Trivia About Good Strategy Bad Rumelt reinforces that a strategy is the set of actions an organization or team should implement and, just as importantly, the actions an organization should avoid as they drive forward in their market. Unfortunately, in Part II, he loses focus and rambles with business case after case. 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 focus on domestic issues before starting on new for This review first appeared on “Defense Innovator” http: No trivia or quizzes yet.
Open Preview See a Problem? The connections between these three elements are crucial for a strategy to be strategic.
Comprehending the situation with a view to achieving leverage over outcomes in this way, remains a question of judgement however.
And kicking down at the financial crisis is nothing but good measure. Richly illustrated and persuasively argued by a researcher, teacher, and consultant, Richard Rumelt has authored the playbook for anybody in a leadership position who must think and act strategically. He hit me hard when he dep I have been through the labor of several strategy exercises and I have seen more only after the delivery.
This book presents us with a challenge: All of them are interesting with useful insights, but the first is by far the best and most concise and contains the core of his approach.
Strategy is all about taking action stratdgy overcome obstacles or seize opportunities. If any of the three components is missing, or if the three components are not well integrated through deep, careful thinking, what results is not likely to be a very good strategy. Good Strategy Bad Strategy is a treatise on clear thinking. The Difference and Why It Eichard. Chad Logan, a random prospective small business client of Rumelt’s, must be icing down from the sick burns.
Is that too much to ask for?
From strrategy author’s forty years experience as a research, teacher at UCLA and as a consultant, he brings on nuggets of wisdom on ways to formulating good strategies and staying away from bad ones. This is where the fluff will get flattened, and you can move forward to create a diagnosis that does more than explain the situation, but also defines the domain of action.
Other stories presume a certain strategy existed because success was achieved by some measure. This is probably the most the most enlightening book I’ve read in the last 5 years. Rumelt does not abide vapid fluff. About half the book dis Fairly standard corporate strategy fare.
A pleasure to read, this book explains what is, and what is not, good strategy and good strategic thinking. Part 3 was even worse when he turned into a more rhetoric tone.
I gained a lot from reading this book, and I would recommend it for pretty much everyone. California Sunday just did a strateyy on the nut farmer just as I was reading this. Rumelt suggests that the underlying factor contributing to bad strategy is lack of commitment to the hard work.
The author is considered an international expert in strategy. Incredible book and a must read. Very practical and applicable. From my experience the prevalence of bad strategy is not overstated, and he explains well why it leaves everyone involved unsatisfied by it, as well as being a danger to the organisation involved.
When I asked Bob about the strategic challenges that his business was looking to tackle, I got a blank stare in return. A book like this can only be written with many years of research and deep thought on the practice of strategy.
Good Strategy Bad Strategy: The Difference and Why It Matters
Good strategy is different. Not fruitful at all.
The Difference and Why It Matters. Jan 14, Szymon rated it really liked it. The examples, stories, and anecdotes kept me engaged throughout this well written book. The writer identifies all the hogwash that is passed on as strategy and then shows what a good strategy looks like.
This book teaches you how to do it. The guiding policy outlines an overall approach for overcoming the obstacles highlighted by the diagnosis. Is your strategy a mix of slogans and goals, or a set of objectives that offer solutions to key problems? Rumelt lays this out in Part I of the book very coherently.
Book review: “Good Strategy. Bad Strategy” – MAA1 – Medium
The diagnosis and actions that constitute good strategy, the fluff and failures that cause the bad. In essence, the kernel forms the bare bones skeleton of a strategy. Cutting to the core of what makes the difference between success and being an also-ran, Rumelt uses vivid examples from the contemporary business world and global history that clearly show how to recognize the good, reject the bad, and make good strategy sgrategy living force in your organization.
Is this going to be yet another strategy book, with lots of buzz words but little tangible content!? The American public—including many of its top business and policy officials—tend to gravitate toward confident and inspiring goal-setters rather than to leaders with analytical depth.