Good Strategy Bad Strategy

Good Strategy Bad Strategy

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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, whether the CEO at a Fortune 100 company, an entrepreneur, a church pastor, the head of a school, or a government official. Richard 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 a€œstrategy.a€ He debunks these elements of a€œbad strategya€ and awakens an understanding of the power of a a€œgood strategy.a€ A good strategy is a specific and coherent response toa€”and approach for overcominga€”the obstacles to progress. A good strategy works by harnessing and applying power where it will have the greatest effect in challenges as varied as putting a man on the moon, fighting a war, launching a new product, responding to changing market dynamics, starting a charter school, or setting up a government program. Rumelta€™s nine sources of powera€”ranging from using leverage to effectively focusing on growtha€”are eye-opening yet pragmatic tools that can be put to work on Monday morning. Surprisingly, a good strategy is often unexpected because most organizations dona€™t have one. Instead, they have a€œvisions, a€ mistake financial goals for strategy, and pursue a a€œdoga€™s dinnera€ of conflicting policies and actions. Rumelt argues that the heart of a good strategy is insighta€”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 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 2007a€“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 Rumelta€™s decades of digging beyond the superficial to address hard questions with honesty and integrity. From the Hardcover edition.From the Hardcover edition.

Title:Good Strategy Bad Strategy
Author: Richard Rumelt
Publisher:Crown Business - 2011-07-19

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