Good Strategy Bad Strategy
Richard Rumelt · 2011
Strategy guru Richard Rumelt strips away the vision statements and buzzword bingo to reveal what real strategy actually is: a hard-nosed diagnosis of your single biggest challenge, a guiding policy for tackling it, and a tight set of coordinated actions that make it happen.
Cuts through fluff to define what real strategy is: diagnosis, guiding policy, and coherent action.
Three of the ideas you’ll keep
The Clif summary of Good Strategy Bad Strategy pulls out 7 insights. Here are the first three.
- Build every strategy on the 'kernel': a sharp diagnosis of the core challenge, a guiding policy for how you'll meet it, and coherent actions that actually carry it out. If one piece is missing, you don't have a strategy.
- Spot bad strategy by its four tells: fluff (dressing up the obvious in buzzwords), failure to face the real challenge, mistaking goals and wishes for a plan, and 'dog's dinner' objectives that don't connect to anything.
- Diagnose before you decide. Most of the work is figuring out what's really going on, simplifying a messy situation into one or two pivotal problems you can actually act on.
The other 4 — and the full 11-minute summary — are in the app.
What’s inside: 10 chapters
The whole summary runs about 11 minutes, read or listened to.
- What Good Strategy Actually Is
- The Four Hallmarks of Bad Strategy
- The Kernel: Diagnosis, Guiding Policy, Coherent Action
- Leverage: Concentrating Force on a Pivot Point
- Proximate Objectives: Pick a Target You Can Hit
- Chain-Link Systems: Mind Your Weakest Link
- Design, Focus, and the Power of Coherence
- Using Advantage, Dynamics, and Riding the Waves
- Inertia and Entropy: Your Rival's Weakness, Your Own Risk
- Thinking Like a Strategist
Finish Good Strategy Bad Strategy tonight.
Read or listen to the full summary in about 11 minutes, then keep the ideas with a minute of review a day. Start with the 2-minute quiz — no card required.