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Lenny's Podcast Cast

05/02/25

@ Lenny's Podcast

Common challenges in strategy work include justifying the time investment, managing stakeholder expectations, and balancing execution with strategy development.

Video

The operator’s guide to product strategy

@ Lenny's Podcast

The operator’s guide to product strategy

05/02/25

Related Takeaways

Lenny's Podcast Cast

05/02/25

@ Lenny's Podcast

To address the challenge of justifying strategy work, product leaders should plan ahead, break down steps for stakeholders, and contextualize the time investment against long-term benefits.

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.

Lenny's Podcast Cast

05/02/25

@ Lenny's Podcast

The preparation step for crafting a strategy involves assembling a core strategy working group and conducting a kickoff meeting to clarify roles and expectations.

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

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

Lenny's Podcast Cast

05/02/25

@ Lenny's Podcast

Managing team energy during strategy development is crucial; pacing sprints, incorporating fun activities, and allowing for down cycles can help maintain morale and productivity.

Lenny's Podcast Cast

05/02/25

@ Lenny's Podcast

It's important to recognize when execution can begin without waiting for strategy work to be completed, allowing for quick wins while strategy is developed in parallel.

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.

Richard Rumelt

01/21/24

@ Lenny's Podcast

When developing a strategy, it's essential to have one decider in the organization to make clear choices about priorities.