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RR
Richard Rumelt
01/21/24
@ Lenny's Podcast
Mistaking goals for strategy is a common pitfall; goals alone do not constitute a strategy without a clear diagnosis and actionable steps.
Video
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Good Strategy, Bad Strategy | Richard Rumelt
@ Lenny's Podcast
01/21/24
Related Takeaways
RR
Richard Rumelt
01/21/24
@ Lenny's Podcast
A bad strategy often consists of a list of abstract goals or ambitions without a clear diagnosis or coherent actions to achieve them.
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.
SG
Seth Godin
10/30/24
@ Chase Jarvis
Strategy is crucial; it doesn't matter how fast you're moving if you're heading in the wrong direction. We need to clarify who we're trying to help before rushing into tactics like posting and clicking.
SD
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.
RR
Richard Rumelt
01/21/24
@ Lenny's Podcast
The essential components of a good strategy include a rich diagnosis of the situation, a guiding policy, and coherent actions that align with the diagnosis.
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.
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.
SG
Seth Godin
10/30/24
@ Chase Jarvis
Many people, including billionaires and nonprofit leaders, skip the strategy phase, which leads to confusion about what strategy really is. I want to help clarify that.
RR
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.