Inside the Strategy Room

134. Richard Rumelt on what separates good strategy from bad

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Sep 22, 2022
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ADVICE

Strategic Choice and Focus

  • Make clear choices instead of creating long priority lists to avoid finessing decisions.
  • Focus your energy and resources on solving a few crucial problems.
INSIGHT

Ambition vs. Strategy

  • Bad strategy often arises from confusing ambitions with actual strategy, treating strategy as a marketing tool.
  • True strategy involves problem-solving and overcoming obstacles to achieve goals.
ANECDOTE

Climbing the Dondenvillage

  • Rumelt shares his experience of climbing the Dondenvillage, realizing he needed to re-evaluate his priorities.
  • This illustrates the pain and necessity of making choices and committing to a course of action.
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