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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.
Video
LP
Good Strategy, Bad Strategy | Richard Rumelt
@ Lenny's Podcast
01/21/24
Related Takeaways
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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.
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Richard Rumelt
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@ Lenny's Podcast
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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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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Seth Godin
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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.
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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.
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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.
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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.
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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.
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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.