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RR

Richard Rumelt

01/21/24

@ Lenny's Podcast

A bad strategy often consists of a list of abstract goals or ambitions without a clear diagnosis or coherent actions to achieve them.

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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

Mistaking goals for strategy is a common pitfall; goals alone do not constitute a strategy without a clear diagnosis and actionable steps.

RR

Richard Rumelt

01/21/24

@ Lenny's Podcast

The essential components of a good strategy include a rich diagnosis of the situation, a guiding policy, and coherent actions that align with the diagnosis.

RR

Richard Rumelt

01/21/24

@ Lenny's Podcast

Don't call it a strategy; call it an action agenda. We need to identify the one or two key challenges we can address and outline coherent actions to tackle them.

RR

Richard Rumelt

01/21/24

@ Lenny's Podcast

A good strategy starts with a clear diagnosis of the biggest challenge you face, followed by a guiding policy and coherent actions to address it.

SD

Shreyas Doshi

08/25/22

@ Lenny's Podcast

When teams are misaligned, it often stems from pursuing different strategies or a lack of clarity on what the strategy is, rather than just execution problems.

RR

Richard Rumelt

01/21/24

@ Lenny's Podcast

A good strategy requires focus on important and achievable challenges, balancing ambition with what can realistically be addressed.

RR

Richard Rumelt

01/21/24

@ Lenny's Podcast

A coherent strategy requires focus; trying to do too many things can dilute your efforts and lead to ineffective outcomes.

RR

Richard Rumelt

01/21/24

@ Lenny's Podcast

Don't call it a strategy; call it an action agenda. You're not creating a strategy, you're creating a plan to address a specific problem.

RR

Richard Rumelt

01/21/24

@ Lenny's Podcast

It's important to recognize that strategy is not mysterious; it's about practical problem-solving and taking actionable steps.