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Atmrix

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RR

Richard Rumelt

01/21/24

@ Lenny's Podcast

A strategy should be a living document that evolves as new insights and challenges arise, rather than a static plan.

Video

LP

Good Strategy, Bad Strategy | Richard Rumelt

@ Lenny's Podcast

Good Strategy, Bad Strategy | Richard Rumelt

01/21/24

Related Takeaways

LP

Lenny's Podcast Cast

05/02/25

@ Lenny's Podcast

Effective individuals in strategy work can fluidly navigate between process and content, using both as tools to achieve objectives rather than adhering strictly to one or the other.

MK

Mayur Kamat

05/22/25

@ Lenny's Podcast

Strategy should be about quickly testing hypotheses rather than lengthy planning; execution is key.

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.

LP

Lenny's Podcast Cast

05/02/25

@ Lenny's Podcast

Ultimately, strategy must produce tangible results; continuous testing and iteration are essential to pivot away from ineffective parts and focus on those that show traction.

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.

AC

Adora Cheung

03/20/17

@ Y Combinator

Always iterate on successful growth strategies. The channels you use will change over time, so stay adaptable and optimize your approach continuously.

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

03/22/24

@ Y Combinator

It's important for founders to resist the urge to have a complete plan or exit strategy from the start, as many successful companies evolve beyond initial expectations.

AS

Alex Schultz

03/24/17

@ Y Combinator

A strong growth strategy involves running numerous experiments and being willing to adapt quickly based on data.