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Good Strategy Bad Strategy: The Difference and Why It Matters by [Rumelt, Richard]
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Good Strategy Bad Strategy: The Difference and Why It Matters Kindle Edition

4.5 out of 5 stars 8 customer reviews

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Length: 336 pages Word Wise: Enabled Enhanced Typesetting: Enabled
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Language: English

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Product Description

Good Strategy/Bad Strategy clears out the mumbo jumbo and muddled thinking underlying too many strategies and provides a clear way to create and implement a powerful action-oriented strategy for the real world
 
Developing and implementing a strategy is the central task of a leader. A good strategy is a specific and coherent response to—and approach for overcoming—the obstacles to progress. A good strategy works by harnessing and applying power where it will have the greatest effect. Yet, Rumelt shows that there has been a growing and unfortunate tendency to equate Mom-and-apple-pie values, fluffy packages of buzzwords, motivational slogans, and financial goals with “strategy.”

In Good Strategy/Bad Strategy, he debunks these elements of “bad strategy” and awakens an understanding of the power of a “good strategy.” He introduces nine sources of power—ranging from using leverage to effectively focusing on growth—that are eye-opening yet pragmatic tools that can easily be put to work on Monday morning, and uses fascinating examples from business, nonprofit, and military affairs to bring its original and pragmatic ideas to life. The detailed examples range from Apple to General Motors, from the two Iraq wars to Afghanistan, from a small local market to Wal-Mart, from Nvidia to Silicon Graphics, from the Getty Trust to the Los Angeles Unified School District, from Cisco Systems to Paccar, and from Global Crossing to the 2007–08 financial crisis.

Reflecting an astonishing grasp and integration of economics, finance, technology, history, and the brilliance and foibles of the human character, Good Strategy/Bad Strategy stems from Rumelt’s decades of digging beyond the superficial to address hard questions with honesty and integrity.

Product details

  • Format: Kindle Edition
  • File Size: 7653 KB
  • Print Length: 336 pages
  • Page Numbers Source ISBN: 1846684811
  • Publisher: Crown Business (19 July 2011)
  • Language: English
  • ASIN: B004J4WKEC
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Screen Reader: Supported
  • Enhanced Typesetting: Enabled
  • Average Customer Review: 4.5 out of 5 stars 8 customer reviews
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Format: Kindle Edition
I experienced countless all-nighters in the nineties working on strategic plans when in management consulting … and I loved it. On one hand they were silly things because their assumptions were too broad and the planning horizon too long. On the other hand, they were robust and valuable exercises for the clients who committed to their development, sharing, and execution. Rumelt accurately points out that there is a “growing and unfortunate tendency to equate Mom-and-apple-pie values, fluffy packages of buzzwords, motivational slogans, and financial goals with “strategy”.” These are bad strategies while a good strategy identifies any and all obstacles to progress while leveraging the author’s “nine sources of power”. He recommends going past the superficial and relying on insights into human nature to construct the most successful strategies.
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Format: Kindle Edition
Outstanding read and lesson on practical strategic thought, while managing the biases that exist within ourselves and others. No formulaic jargon, just the truth about what strategy is and how to do it. It takes effort, thinking, analysis and work.
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Format: Kindle Edition Verified Purchase
Very readable and provided a lot of insight to business and the thinking needed to run a successful business. The case studies made the experience more real and understandable.
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Format: Kindle Edition Verified Purchase
A very good read even for a relative newbie to the subject. Highly recommended for anyone looking to gain a bit more insight into the world of business strategy.
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