Good Strategy Bad Strategy

Richard Rumelt distinguishes strategy from aspiration through a kernel of diagnosis, guiding policy, and coherent action, then shows how leverage, focus, design, advantage, dynamics, and independent judgment concentrate effort on a consequential challenge.

6 sections ยท 22 lessons

Course outline

Strategy Fundamentals

  1. Strategy Paradox
  2. Hidden Insight
  3. Diagnosis
  4. Guiding Policy
  5. Coherent Actions

Bad Strategy Patterns

  1. Fluff Recognition
  2. Face Hard Truths
  3. Goals vs Strategy
  4. Bad Strategy Persists

Sources of Power

  1. Leverage Points
  2. Anticipation
  3. Proximate Objectives
  4. Chain-Link Systems
  5. Strategic Design

Strategic Choices

  1. Focus
  2. Strategic Growth
  3. Exploit Advantages

Strategic Dynamics

  1. Ride Change Waves
  2. Inertia & Entropy

Strategic Thinking

  1. Strategy Hypotheses
  2. Avoid Myopia
  3. Independent Thinking

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