In 'Good Strategy Bad Strategy', Richard Rumelt dismantles the myth of the ‘strategic plan’ and reveals the core of effective strategy-making. He emphasizes the importance of clear objectives and the ability to identify critical issues rather than simply relying on broad visions. Through compelling examples and insights, Rumelt illustrates the pitfalls of vague ambitions and highlights the necessity of tough choices. Readers will discover how to differentiate between genuine strategy and superficial platitudes. This enlightening read will challenge your perspective on success and equip you with the tools to develop robust strategies.
By Richard Rumelt
Published: 2011
"Good strategy requires a clear understanding of the challenges at hand and a coherent plan to address them. Bad strategy, on the other hand, often masks itself with buzzwords and lists of goals, lacking the necessary substance to guide action."
Good Strategy/Bad Strategy clarifies the muddled thinking underlying too many strategies and provides a clear way to create and implement a powerful action-oriented strategy for the real world. Developing and implementing a strategy is the central task of a leader. A good strategy is a specific and coherent response to—and approach for—overcoming the obstacles to progress. A good strategy works by harnessing and applying power where it will have the greatest effect. Yet, Rumelt shows that there has been a growing and unfortunate tendency to equate Mom-and-apple-pie values, fluffy packages of buzzwords, motivational slogans, and financial goals with “strategy.” In Good Strategy/Bad Strategy, he debunks these elements of “bad strategy” and awakens an understanding of the power of a “good strategy.” He introduces nine sources of power—ranging from using leverage to effectively focusing on growth—that are eye-opening yet pragmatic tools that can easily be put to work on Monday morning, and uses fascinating examples from business, nonprofit, and military affairs to bring its original and pragmatic ideas to life. The detailed examples range from Apple to General Motors, from the two Iraq wars to Afghanistan, from a small local market to Wal-Mart, from Nvidia to Silicon Graphics, from the Getty Trust to the Los Angeles Unified School District, from Cisco Systems to Paccar, and from Global Crossing to the 2007–08 financial crisis. Reflecting an astonishing grasp and integration of economics, finance, technology, history, and the brilliance and foibles of the human character, Good Strategy/Bad Strategy stems from Rumelt’s decades of digging beyond the superficial to address hard questions with honesty and integrity.
Showing 8 of 25 similar books
Alex Lieberman is the co-founder and executive chairman of Morning Brew, a media company that delivers engaging business news. Under his leadership, Morning Brew has grown to reach millions of subscribers, becoming a significant player in modern business journalism. Lieberman is also known for his insightful commentary on entrepreneurship and media trends. His work has significantly influenced the way business news is consumed by younger audiences. Beyond Morning Brew, Lieberman frequently writes and speaks about the intersection of media and technology, further cementing his role as a thought leader in the industry.
Julie Stevanja is an accomplished entrepreneur and author, best known for co-founding the innovative activewear brand Stylerunner. Her leadership in the fashion industry has earned her recognition as a trailblazer in e-commerce and retail. Stevanja's insights into business and innovation are encapsulated in her writing, where she shares strategies and experiences that inspire budding entrepreneurs. In addition to her business acumen, she frequently contributes to various publications, offering advice on leadership and industry trends. Her influence extends beyond fashion, as she continues to empower others through her thoughtful and practical guidance.
Charlie Munger is an American investor, businessman, and philanthropist, best known as the vice chairman of Berkshire Hathaway, where he partners with Warren Buffett. Renowned for his insights on investment strategies and mental models, Munger has significantly influenced the world of finance. His notable literary contributions include "Poor Charlie's Almanack," a compilation of his speeches and writings that distill his wisdom on decision-making and business principles. Munger's work emphasizes the importance of multidisciplinary thinking and continuous learning. Beyond his financial acumen, he is celebrated for his charitable efforts, particularly in education and healthcare.
Vinod Khosla is an Indian-American venture capitalist and co-founder of Sun Microsystems, one of the companies that helped drive the development of the internet. Khosla is the founder of Khosla Ventures, a venture capital firm that focuses on early-stage investments in technology and energy. He is known for his bold approach to investing, often backing companies working on breakthrough technologies in areas like renewable energy, healthcare, and artificial intelligence. Khosla is a vocal advocate for using technology to solve some of the world’s biggest problems. His visionary approach to investing has made him one of the most influential figures in Silicon Valley.
Drew Houston is an accomplished American entrepreneur best known for co-founding Dropbox, a widely-used cloud storage service, in 2007. As the CEO, he has led the company to serve millions of users worldwide and become a key player in the tech industry. Although not primarily known for literature, Houston has shared his entrepreneurial insights and experiences through various interviews and public speaking engagements, offering valuable lessons to aspiring business leaders. His work has significantly influenced the way people and organizations manage and share digital content. Houston's innovative vision continues to shape the future of cloud computing and digital collaboration.
Ann Handley is a renowned digital marketing pioneer and a Wall Street Journal bestselling author. She is the author of "Everybody Writes," a seminal guide on creating compelling content, and co-author of "Content Rules," which outlines effective content marketing strategies. As the Chief Content Officer at MarketingProfs, she has significantly influenced modern marketing practices. Handley is also a highly sought-after keynote speaker, known for her insights on digital content and marketing trends. Her work has empowered countless marketers to elevate their content creation and strategy efforts.
Aaron Levie is the co-founder and CEO of Box, a cloud content management platform that revolutionized how businesses manage and collaborate on content. He launched Box in 2005 while still a college student, and the company rapidly grew into a leader in the cloud storage industry. Levie is known for his innovative, forward-thinking approach to enterprise software and for pushing the boundaries of digital transformation. Under his leadership, Box went public in 2015 and continues to evolve with new technologies and partnerships. He is a strong advocate for cloud-first business strategies and frequently shares his insights on the future of work and the digital workplace. Levie is also a prolific speaker and writer, often discussing technology's role in the modern economy. His energetic and witty personality has made him a popular figure in Silicon Valley and beyond.
Andrew Chen is a venture capitalist, entrepreneur, and thought leader in growth marketing, currently serving as a general partner at Andreessen Horowitz. Chen is known for his expertise in network effects, viral growth strategies, and marketplace dynamics, making him a sought-after advisor for startups looking to scale. Prior to joining Andreessen Horowitz, he worked in leadership roles at Uber, helping to grow the ride-sharing platform’s user base and develop key growth strategies. Chen is also a prolific writer, sharing his insights on growth, technology, and startups through his popular blog and newsletter, which has attracted a loyal following in the tech community. His work has helped shape how many startups approach user acquisition, retention, and product-market fit. As a venture capitalist, Chen focuses on early-stage companies in the consumer internet, SaaS, and marketplace sectors, and he has been involved in funding and advising several successful startups. His insights on technology and growth continue to influence both founders and investors alike.
Showing 8 of 18 related collections
“Good strategy requires a clear understanding of the challenges at hand and a coherent plan to address them. Bad strategy, on the other hand, often masks itself with buzzwords and lists of goals, lacking the necessary substance to guide action.”
Good Strategy Bad Strategy
By Richard Rumelt
Discover a world of knowledge through our extensive collection of book summaries.
Richard Rumelt is an esteemed professor of business strategy at the UCLA Anderson School of Management and a prominent thought leader in the field of strategic management. He is best known for his influential book, 'Good Strategy Bad Strategy: The Difference and Why It Matters,' which has been widely acclaimed for its clarity and insight into the nature of effective strategy formulation. Rumelt's writing style is characterized by a sharp analytical approach and a focus on practical applications of strategic principles, making complex ideas accessible to a broad audience. His contributions to the field extend beyond his authored works, as he has played a vital role in advancing strategic thinking through various academic publications and consulting engagements.
Key information about the book.
Buy on Amazon
Buy via BookShopSupport local bookstores: BookShop gives a portion of each sale to independent bookshops!
In "The Innovator's Dilemma," Clayton Christensen unveils the paradox that drives successful companies to failure: their own success. He reveals how disruptive innovations, initially dismissed as inferior, can upend industry giants if they fail to adapt. With compelling case studies, Christensen illustrates why even the most formidable businesses can be blind to emerging threats. This thought-provoking exploration challenges leaders to rethink their strategies and embrace radical change. Are you ready to discover the hidden forces that could make or break your industry?
Barbarians at the Gate recounts the thrilling true story of the fierce battle for control of RJR Nabisco, one of America's largest food companies, as the age of leveraged buyouts reaches a fever pitch. At the heart of the drama are ruthless financiers, corporate raiders, and the golden age of Wall Street, all vying for power and wealth amidst the excesses of the 1980s. As the stakes escalate, alliances shift and moral dilemmas arise, revealing the darker side of corporate ambition. This gripping tale not only exposes the lengths to which individuals will go for success but also critiques the very foundations of capitalism. Prepare to be captivated by the intrigue, betrayal, and sheer audacity of one of the biggest takeovers in history!
In "The Lean Startup," Eric Ries revolutionizes the approach to building new businesses with a framework designed to reduce waste and maximize innovation. He introduces the concept of validated learning, urging entrepreneurs to test hypotheses through rapid experimentation rather than relying solely on traditional business plans. By emphasizing the importance of pivoting—adapting strategies based on real customer feedback—he provides a pragmatic toolkit for startups to navigate uncertainty. Ries challenges the conventional wisdom of startup success, making a compelling case for agility in a fast-paced market. Dive into this transformative guide and discover how to turn dreams into viable businesses with minimal risk!
In "The Infinite Game," Simon Sinek challenges conventional thinking about competition and success, urging us to shift our mindset from short-term victories to long-term impact. He introduces the concept of the "infinite game," where the goal is not to win but to keep playing and evolving. Through compelling stories and insightful examples, Sinek illustrates how ethical leadership and resilience can foster innovation and collaboration. This paradigm shift not only applies to business but also to our personal lives, inviting readers to consider what truly matters in their journeys. Are you ready to embrace an enduring approach that transcends the finite battles of life?
In 'Good to Great', Jim Collins explores what it takes for companies to surpass mediocrity and achieve enduring greatness. Through rigorous research, he identifies key principles that distinguish successful businesses from their less successful counterparts. The book introduces the concept of the "Hedgehog Concept" — a simple, yet profound idea that lies at the heart of each great organization's success. Readers will be fascinated by the surprising findings on leadership, discipline, and cultural alignment that drive greatness. This insightful guide challenges conventional wisdom and offers transformative lessons that can be applied to any endeavor.
In "The Effective Executive," Peter Drucker unveils the timeless secrets of productivity and effectiveness in leadership. He argues that true executives must focus on results rather than merely being busy, challenging conventional notions of work. Through insightful anecdotes and practical guidelines, Drucker emphasizes the importance of time management, decision-making, and prioritization. As he orchestrates a symphony of management principles, he reveals how personal accountability can transform not just careers but organizations. Are you ready to unlock your potential and redefine what it means to lead effectively?
In "The Hard Thing About Hard Things," Ben Horowitz shares the gritty realities of running a startup, underscored by his own tumultuous experiences. With brutal honesty, he delves into the tough choices leaders must make when facing insurmountable challenges. From hiring and firing to navigating crises, Horowitz provides raw insights that strip away the romanticized views of entrepreneurship. He emphasizes that there are no easy answers in business, and success often hinges on resilience and sheer determination. This compelling guide not only equips readers with practical wisdom but also ignites a fierce curiosity about the untold struggles behind every great success story.
In "The Everything Store," Brad Stone takes readers on an enthralling journey through the rise of Amazon and its enigmatic founder, Jeff Bezos. The book unveils the audacious vision that transformed a humble online bookstore into a global retail powerhouse. Through fascinating anecdotes and behind-the-scenes insights, Stone reveals the fierce ambition and relentless innovation that drive Bezos and his groundbreaking company. As the narrative unfolds, readers will discover the challenges and ethical dilemmas faced by Amazon in its quest for dominance. This gripping account will leave you questioning the true cost of convenience in our modern world.
Download our mobile app to enjoy your favorite books on the go. Get access to exclusive features, offline listening, and personalized recommendations.
