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Audiobook11 hours
Good Strategy/Bad Strategy: The Difference and Why It Matters
Written by Richard P. Rumelt
Narrated by Sean Runnette
Rating: 4.5 out of 5 stars
4.5/5
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About this audiobook
With endorsements from both key executives and renowned business schools around the world, Richard Rumelt offers the ultimate distillation of his vast experience in what is destined to become a milestone work on the theory and practice of strategy.
Developing and implementing a strategy is the central task of a leader, whether the CEO at a Fortune 100 company, an entrepreneur, a church pastor, the head of a school, or a government official. Richard Rumelt argues that the heart of a good strategy is insight—into the true nature of the situation, into the hidden power in a situation, and into an appropriate response. He shows you how insight can be cultivated with a wide variety of tools for guiding your own thinking.
Good Strategy/Bad Strategy integrates fascinating examples from business, nonprofit, and military affairs to bring its original ideas to life: From Apple to General Motors, from the two Iraq wars to Afghanistan, from a small local market to Wal-Mart, from the Getty Trust to the Los Angeles Unified School District, from Global Crossing to the 2007-08 financial crisis, and many more. The abundance of business-ready insights offered by Rumelt stem from his decades of digging beyond the superficial to address hard questions with honesty and integrity.
Developing and implementing a strategy is the central task of a leader, whether the CEO at a Fortune 100 company, an entrepreneur, a church pastor, the head of a school, or a government official. Richard Rumelt argues that the heart of a good strategy is insight—into the true nature of the situation, into the hidden power in a situation, and into an appropriate response. He shows you how insight can be cultivated with a wide variety of tools for guiding your own thinking.
Good Strategy/Bad Strategy integrates fascinating examples from business, nonprofit, and military affairs to bring its original ideas to life: From Apple to General Motors, from the two Iraq wars to Afghanistan, from a small local market to Wal-Mart, from the Getty Trust to the Los Angeles Unified School District, from Global Crossing to the 2007-08 financial crisis, and many more. The abundance of business-ready insights offered by Rumelt stem from his decades of digging beyond the superficial to address hard questions with honesty and integrity.
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Reviews for Good Strategy/Bad Strategy
Rating: 4.378571857142858 out of 5 stars
4.5/5
70 ratings7 reviews
- Rating: 5 out of 5 stars5/5R. Rumelt fully justifies his position on what defines good strategy, and why there is so much bad strategy out there. Extraordinary well written. R. Rumelt has the clear, elegant framework in what he calls the "kernel"--a diagnosis explaining the nature of the challenge, a guiding policy for dealing with it, and a set of coherent actions for carrying out the policy. A must read for poeple involved in strategy creation or with an interest in strategy in general.
- Rating: 5 out of 5 stars5/5Amazing book on Strategy, Must read for everyone who wants to improve knowledge on strategy...
- Rating: 5 out of 5 stars5/5A great no nonsense review of a good old fashion strategy… What it is and what it is not we all would be in a much better place if we follow this advice
- Rating: 4 out of 5 stars4/5Richard Rumelt obviously knows what there is to know about strategy work, and I love his candour when dealing with leaders focusing on vision and goals without planning - or knowing - how to get there. You can't wish yourself to success, you have to work meticulously to build a strategy with coherent elements, test it like a scientist would test a hypothesis. His many examples from business and politics underline his points well. Still there is a lack of passion, it all becomes a bit mechanical, both in the writing and the execution of his ideas. However, I have learnt more about the building blocks of strategy work in this book than in any other business book, so it was worth the read.
1 person found this helpful
- Rating: 3 out of 5 stars3/5I've read this 3 times and it's a bit elusive. Good points are that he hits home what is actual strategy as opposed fluff. It is a little thin when it comes to how to plan good strategy - basically trail an error and author as a chip on his shoulder about business. A lot of the book are examples of him creating clever strategy and CEO's ignoring him in a rude and arrogant way. All of them are proved wrong in the end of course. One of them committed suicide. Weird.
- Rating: 5 out of 5 stars5/5Very clear and jargon free guide to what makes good strategy and how it can be distinguished from the waffle and blue sky thinking that characterises bad strategy. Good strategy is all about identifying the issue at hand, putting forward a policy for dealing with this challenge in terms of a step by step process. It is about clarifying and simplifying- getting to the heart of the issue at hand. Simple but illuminating.
2 people found this helpful
- Rating: 5 out of 5 stars5/5This book is excellent. If you ever wonder why people or organisations are getting to where they want to be while other don't, this is it. The very clear distinction between good strategy (the identification of what is in your way and how to bundle and focus what you have to get there while leaving your competition behind) and bad strategy (Imagine where you would like to be, describe it in rosy colours, select as many objectives as you can and then do not waste any time on thinking how to get there more than setting a deadline) explains it.The book is written in clear language with a lot of impressive examples for both approaches.This book certainly has opened my eyes on what successful strategy means, and how it can be formulated. I warmly recommend it after reading it twice in three months.
2 people found this helpful