Good Strategy Bad Strategy

Richard Rumelt is one of the world's most important strategists and managers. According to The Economist, he is one of twenty-five living people who have had the greatest influence on management concepts and corporate practice. According to McKinsey Quarterly, he is "strategy's strategist" and a "giant in the field of strategy."

A leader's primary responsibility is to develop and implement a strategy. A good strategy is a particular and logical response to and approach to overcoming roadblocks. A good strategy works by concentrating and directing power where it will have the most impact. However, Rumelt demonstrates that there is an increasing and regrettable propensity to connect "strategy" with Mom-and-apple-pie values, airy packages of buzzwords, motivational slogans, and financial ambitions.

He debunks these components of "poor strategy" in Good Strategy/Bad Strategy and awakens an appreciation of the potential of a "good strategy." He introduces nine sources of power, from using leverage to effectively focusing on growth, that are eye-opening yet practical tools that can be put to use on Monday morning, and he uses fascinating examples from business, nonprofit, and military affairs to bring its original and pragmatic ideas to life. Apple to General Motors, the two Iraq wars to Afghanistan, a small local market to Wal-Mart, Nvidia to Silicon Graphics, the Getty Trust to the Los Angeles Unified School District, Cisco Systems to Paccar, and Global Crossing to the 2007-08 financial crisis are all specific examples.

Good Strategy/Bad Strategy is the result of Rumelt's decades of digging beneath the surface to address difficult questions with honesty and integrity. It reflects an astonishing grasp and integration of economics, finance, technology, history, and the brilliance and foibles of human character. The book is one of the best books on business competition.

Author: Richard Rumelt

Link to buy: https://www.amazon.com/gp/aw/d/0307886239/

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