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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.
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Good Strategy, Bad Strategy | Richard Rumelt
@ Lenny's Podcast
01/21/24
Related Takeaways
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Richard Rumelt
01/21/24
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A good strategy requires focus on important and achievable challenges, balancing ambition with what can realistically be addressed.
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Richard Rumelt
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Strategy is about solving the most important problem you're facing and taking action to address it.
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The best strategies are not about picking from a list of common strategies but about understanding the unique challenges you face.
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The process of developing a strategy should involve gathering diverse perspectives and identifying key challenges to focus on.
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A coherent strategy requires focus; trying to do too many things can dilute your efforts and lead to ineffective outcomes.
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Richard Rumelt
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@ 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.
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Richard Rumelt
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@ 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.
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Richard Rumelt
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@ 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.
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Chris Williamson Cast
04/01/25
@ Chris Williamson
Focus on solving one overarching problem at a time to achieve success. Define success concretely and concentrate your energy on that goal.