Good Strategy Bad Strategy

Good Strategy Bad Strategy

eBook - 2011
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Good Strategy/Bad Strategy clarifies the 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.
Publisher: [S.I.] : The Crown Publishing Group, 2011.
ISBN: 9780307886255
Branch Call Number: Overdrive
Additional Contributors: OverDrive, Inc


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Oct 11, 2017

This book doesn't use the quasi-mathematical techniques to explain strategy, rather, the author simply and clearly writes out what a strategy is (and is not), how they should be implemented (and what should be avoided), what sorts of conditions one must deal with, and also some forms of analysis (like the 'hump chart'). The book is never bogged down by gobbledygook (technical terminology), and each point is exemplified by cases. Perhaps the most enjoyable part was on leadership, especially pages 72 and following, which he exposes as bunk. There is no concluding chapter, so the ending seems rather abrupt. There are relatively few footnotes, but there is an extensive index.

Steve Casburn
Feb 18, 2016

The word "strategy" is both overused and misused. Rumelt writes in an engaging style about what a strategy really is, why having one is essential to organizational success, how to create one, and how to avoid common mistakes organizations make when they try creating one.


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