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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Highly recommended for all organizations. 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.
Rumelt destroys those simple-minded misconceptions in this important book. Lately, there seems no end to the number of books, articles, and op-ed pieces calling for a new grand strategy for the United States. One of the best “business” books I’ve read. 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 remaining two sections, whilst interesting and containing us Summary: This book is fascinating, informative, enjoyable, erudite book.
I suggest skipping it. Actionable tips, case studies, best practices in your inbox every other week.
Jan 28, Xavier Shay rated it it was amazing. A pleasure to read, this book explains what is, and what is not, good strategy and good strategic thinking. Quotes from Good Strategy Bad Very practical and applicable.
It is full of examples where the author looks back on events and determines that he was right at the very beginning and that his strategy was or would have been best for the client. 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.
The problem to be fixed is “bad strategy. A small sample of of the most recent books and articles include: A lot of damage and confusion could be prevented if everybody was forced to read this book before they ever Maybe this is advanced as far as strategy books go but it struck me as a really good introduction to strategy somewhat halfway to decisions theory.
About half the book discusses sources of power: The cases are pretty good. Perhaps the best business book I’ve read yet. One fundamental idea presented in an understandable manner. The author started on very good premises, segregating good strategies from bad strategies. The style is straight forward, there is a wealth of positive and negative examples the author has an incredible amount of experience to draw fromand plenty of insight which I’m fairly certain will permanently change how I think about strategy.
The Difference and Why It Mattersleverages 40 years of academic and strategy consulting experience. Be the first to ask a question about Good Strategy Bad Strategy.
It is the battle plan for action that is designed upon a unique set of attributes or conditions kernels that sets an organization apart from its competitors leverages and results in exceptional and sustainable profits. The author is considered an international expert in strategy.
Some of the themes will be well recognized by students of strategy: Rumelt does not abide vapid fluff. In short, he forces us wtrategy read the details of his stories in the same way a true strategist rhmelt grapple with the details of his or her situation. When Steve Jobs “waits for the next big thing” that is good strategy. Nevertheless, this book is the pot calling the kettle black in terms of what the author calls “fluff.
Maybe this is advanced as far as strategy books go but it struck me as a really good introduction to strategy somewhat halfway to decisions theory. The Difference and Why It Matters.
The remaining two sections, whilst interesting and containing useful ideas, are less vital. Lists with This Book. When Admiral Nelson just relies on his captains’ superior experience in a chaotic situation, that is good strategy. This is the essence of bad strategy, by which Rumelt means not a mistaken or unsuccessful strategy, but a failure in strategic thinking. Aspects such as visions, hierarchies of goals and objectives or timeframes are typically left out of the kernel.
The kernel of a strategy contains three elements:. The examples, stories, and anecdotes kept me engaged throughout this well written book. There are no discussion topics on this book yet. But if you don’t feel like watching the video, what I said about it is below. 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 that will allow an organization to act effectively to meet its goals.
From the Hardcover edition.
Nevertheless, it’s a good book for everyone dealing with planning and strategy in their job and, dare I Richard Rumelt may come across as an arrogant sob, but he’s a very smart one. Examples of ‘Bad Strategy’ fail at this level, where mission statements masquerade as strategy. Its points could have been condensed into a book one-third the length.
Good strategy isn’t just what you are trying to do; it’s also why and how you are doing it.