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RR

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.

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

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

LP

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.

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

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

YC

Y Combinator Cast

02/03/22

@ Y Combinator

When seeking advice from experts, gather a variety of perspectives to form a well-rounded understanding of your startup's potential challenges and opportunities.

RR

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.

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.

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.

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.