One of the best book on strategy I have ever read. At first I checked the author, Richard Rumelt and found out that he is a college professor. This fact brought some doubts regarding his authentic experience in the field of corporate strategy. At the moment, I can admit that my prejudice was without merit. Moreover, even some classroom narratives turned out to be in-depth and accurate case studies.
The key message of the book is honest, intellectual assessment of your own thinking. Good Strategy Bad Strategy is full of relevant and incisive cases in business, government and military sectors – presenting that fine strategies are built on sincere mindset.
Getting down to essentials, the book is divided into three major chunks:
1. Good and bad strategies which addresses the differences between these two groups.
2. Sources of power which presents adaptable approaches in order to improve the strategy. The part which I enjoyed the most was about 4 pillars that have to support you strategy (at leas one): focus, advantage, leverage and growth. It’s almost impossible to build a new strategy based on managerial incentives and determination. You have to see some game changer on the horizon, something that your company can posses and use as a competitive advantage.
3. Thinking like a strategist which describes a proper mindset in regard to the strategy designing process.
Good Strategy Bad Strategy: The Difference and Why It Matters
by Richard Rumelt
Complexity of ideas