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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Rumelt argues that the heart of a good strategy is insight—into ba true nature of the situation, into the hidden power in a situation, and into an appropriate response. Dec 05, Kashif rated it it was amazing. Jan 13, Andy rated it liked it. Rumelt suggests that the underlying factor contributing to bad strategy is lack of commitment to the hard work.
Good Strategy Bad Strategy flips strategy on its head, cuts out the fluff and digs beneath the success of companies across the ages and teaches us to replicate it by following the kernel basic skeleton of strategy.
The process itself sounds simple, but as Rumelt demonstrates from his many examples, strategy is richaard 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.
It is very empty, lack of concrete content, just examples piled up with abstract words. Though Rumelt comes from a business background and many of his case studies draw from the world of business, I have no doubt that this book will soon become a must-read in military colleges and strategic studies courses everywhere.
I suggest skipping it.
Why is there so much bad strategy? Other stories presume a certain strategy existed because success was achieved by some measure. Please leave these two fields as-is: The value of the book comes from Rumelt’s break-down of business school cases. Quotes from Good Strategy Bad A good primer for strategy. Books by Richard P. Readers will interact with the material in different ways. Lately, there seems no strategh to the number of books, articles, and op-ed pieces calling for a new grand strategy for the United States.
Refresh and try again. Through loads of detailed examples and thoughtful srategy, he identifies a useful path forward for entrepreneurs and business leaders working to build a remarkable enterprise.
What will be more surprising, however, is the vast amount of examples Rumelt presents us with where organizations failed to take the challenge of strategy seriously—instead opting for the bad strategy alternative.
The first section ends discussing the costs and benefits of imposing coordination on an organisation, and from this the need to maintain flexibility whilst imposing enough coordination in the right places.
Good Strategy/Bad Strategy: The Difference and Why It Matters. By Richard Rumelt
Without this hard core and the difficult work required by it, aims and visions however remain fluff. 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.
Building on solid academic foundations and using stdategy 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.
For the novice, it provides a good introduction. 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 a living force in your organization.
Good Strategy Bad Strategy: The Difference and Why It Matters by Richard P. Rumelt
Jan 14, Szymon rated it really liked it. This review first appeared on “Defense Innovator” http: For something that might help you as a manager to deal with the issues raised in the book, I would recommend “The Four Disciplines of Execution.
For the most part the praise is well deserved. Well, yes, he also worked as an engineer on the US Voyager mission to Jupiter. 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. I sometimes felt the author is a bit cynical and only accepts his own definition of the field. The third seems rushed and poorly structured even; there is stdategy conclusion at all, the book abruptly ends.
Recent Developments: Our Take on Richard Rumelt’s “Good Strategy, Bad Strategy”
The author started on very good premises, segregating good strategies from bad strategies. Want to Read Currently Reading Read. This is a solid and fundamental book for anyone who wants to understand the basics of corporate strategy.
The barbs he slings at ‘bad’ strategists are hilarious. How can I clearly articulate what constitutes a good strategy and what makes a bad one? There is a great breakdown of the bottling industry.
Good Strategy/Bad Strategy | The Difference and Why It Matters
She can be reached cammyelquist on Twitter strayegy cammy onstrategyhq. It will change the way we teach and practice strategy. Good strategy isn’t just what you are trying to do; it’s also why and how you are doing it.