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RR

Richard Rumelt

01/21/24

@ Lenny's Podcast

Power in strategy is about exploiting asymmetries; you need to have some advantage that differentiates you from your competitors.

Video

LP

Good Strategy, Bad Strategy | Richard Rumelt

@ Lenny's Podcast

Good Strategy, Bad Strategy | Richard Rumelt

01/21/24

Related Takeaways

RR

Richard Rumelt

01/21/24

@ Lenny's Podcast

To identify your power, consider how your company is different from others, what unique knowledge or resources you possess, and how you can leverage them.

HI

Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

To gain a competitive advantage, identify where your competitors are vulnerable and leverage that to create a dual benefit for your business.

RG

Robert Greene

10/09/22

@ Lewis Howes

To succeed, you must understand the power dynamics in your industry and learn how to appeal to those who control opportunities.

RR

Richard Rumelt

01/21/24

@ Lenny's Podcast

To improve strategy execution, organizations must navigate dynamics and politics, often requiring a clear hierarchy of power.

CM

Charles Munger

07/21/21

@ Life Stories

A durable competitive advantage is essential; you want an advantage that will sustain itself without overwhelming skill for a long time.

RG

Robert Greene

09/17/24

@ Chris Williamson

Power is fundamentally about psychology; it's not just about metrics or achievements, but about understanding how to navigate social dynamics.

RR

Richard Rumelt

01/21/24

@ Lenny's Podcast

The best strategies are not about picking from a list of common strategies but about understanding the unique challenges you face.

RR

Richard Rumelt

01/21/24

@ Lenny's Podcast

Strategy is about solving the most important problem you're facing and taking action to address it.

YC

Y Combinator Cast

04/09/22

@ Y Combinator

A structural advantage with a subpar product won't win; however, a good enough product can succeed if it has a structural advantage.