In this episode of the Ideas Architect Podcast, we share the Book Rapper version of Rumelt’s book. We look at the difference between good and bad strategies. Plus, you can use these ideas to define your unique business advantage and how you can profit from it.
Richard Rumelt; Good Strategy, Bad Strategy
Strategy is about making the most of your resources in dealing with your current situation. Yet, most strategy is not strategic. It’s a good plan at best. And, ultimately, this undermines your organisation’s chance of success.
A bad strategy is a loose plan based on fluffy buzzwords, financial goals and lots of hope, all intended to hide a lack of clear thinking. Good strategy diagnoses the challenge you face, defines guiding principles to steer you forward and provides a coordinated set of actions to implement.
Ready to make the most of what you’ve got? It’s time to sit down and think, ask some hard questions and face the truth. Use this RAP to define your unique business advantage and how you’re going to profit from it.
This book is for leaders – of any sized organisation – willing to confront the hard work needed to create good strategy and produce great results. It’s not for those wanting a quick fix or a dodgy plan.
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