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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.

Video

Good Strategy, Bad Strategy | Richard Rumelt

@ Lenny's Podcast

Good Strategy, Bad Strategy | Richard Rumelt

01/21/24

Related Takeaways

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.

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.

Richard Rumelt

01/21/24

@ Lenny's Podcast

When creating a strategy, focus on the most significant challenges and how to address them effectively, rather than trying to do everything.

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.

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.

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.

Richard Rumelt

01/21/24

@ Lenny's Podcast

The process of developing a strategy should involve gathering diverse perspectives and identifying key challenges to focus on.

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.

Lenny's Podcast Cast

05/02/25

@ Lenny's Podcast

A good strategy articulation includes three components: three to five strategic pillars to focus on, areas to avoid, and clear explanations for these choices.