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 argues that the heart of a good strategy is insight - 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 integrates fascinating examples from business, nonprofit, and military affairs to bring its original ideas to life: From Apple to General Motors, from the two Iraq wars to Afghanistan, from a small local market to Wal-Mart, from the Getty Trust to the Los Angeles Unified School District, from Global Crossing to the 2007-08 financial crisis, and many more. The abundance of business-ready insights offered by Rumelt stem from his decades of digging beyond the superficial to address hard questions with honesty and integrity.
©2012 Original material © 2011 by Richard Rumelt. Recorded by arrangement with Crown Business, an imprint of the Crown Publishing Group, a division of Random House, Inc. (P)2012 (p) 2012 HighBridge Company
“Refreshing...clear...elegant.... If you want to make strategy, you will need...this book.” (Walter Kiechel, author of The Lords of Strategy)
“Brilliant...a milestone in both the theory and practice of strategy.” (John Stopford, Emeritus Professor, London Business School)
"Drawing on a wealth of examples, Rumelt identifies the critical features that distinguish powerful strategies from wimpy ones—and offers a cache of advice on how to build a strategy that is actually worthy of the name. If you're certain your company is already poised to out-perform its rivals and out-run the future, don't buy this book. If, on the other hand, you have a sliver of doubt, pick it up pronto!” (Gary Hamel, co-author of Competing for the Future)
A how-to manual on critical thinking, level headed analysis, with tons of case studies and personal examples to back it up. So much good stuff here!
If you're serious about strategy then this is a must read! I've read is 3 times still learning its dense in anecdotal stories and information on how to think!
For anyone seeking a better understanding of strategy, working with strategic plans, or executing strategy, this is a must read. Great choice of examples that are thoroughly discussed. The principles stated in the book are timeless and applicable to a broad spectrum of situations.
Parts of this book, mainly the first half, had me thinking this might be one of my favorite books ever. But the latter half had me quickly discounting those initial thoughts as simply belonging to a younger, more foolish, version of myself. The author's examples seem to go on ENDLESSLY to the point where I'd forgotten what that section's principle/topic was.
And then there's the final chapter. What I assumed would be a nice refresher (and might tempt me into rereading the first half) became just one long speech about the 2008 financial crisis. It seemed so disconnected that I even wondered if maybe I had accidentally jumped into one of those "here's a preview of the author's next book" bonus chapters.
If you're considering buying this book, I still think it's worth it for the first half (maybe two-thirds) but just know that the remaining part might be a tough slog.
This book is written by a master. The author is clearly an expert on this subject but he is also an expert on the art of teaching. Many of the complaints in the reviews basically centered around the author not stating the mechanics of strategy in an instructive way. They want to see bullet points and standard self help formats. But the author purposely avoided this method because he wants to guide you to the answer by letting you conclude it which is a far more effective way to teach. If you read this book you will understand strategy through various scenarios, subtle/indirect teaching and clarity. You will know strategy in a hands on way. Wonderful book
I enjoyed listening to this book the narration is good and the book is well laid out covering a lot of topics in an accessible style with good real world examples and the authors own experience/style as a lecturer - I wouldn't have had the time to read the book. Some of the topics/chapters are quite deep and i found difficult to comprhend compared to the book version, but will probably by a copy of the book to dip into and revisit some of the chapters to gain a more thorough understanding.
The style and depth of knowledge I found similar to The effective executive, by Peter Drucker. This book is similar to Drucker that I feel you could re-read and gain a different insite or perspective each time.
"Excellent: interesting and insightful"
The clear expertise of the author, and his combination of theoretical information with practical, real-world examples.
This wasn't a story, but the book did contain many stories of companies and organisations implementing strategies in good ways and bad. This made it clear what the benefits were of understanding the process of creating a strategy and implementing it consistently
The narrator was able to lend gravitas and authority in keeping with that of the author.
I particularly found it interesting at the various points when the author described teaching seminars on strategy. As someone who has never done an MBA, it felt like I was gaining a small part of one by being able to look in on seminars run by a great tutor.
"Suprisingly good and intresting!"
fact based, lots of data, good analysis
Great book. A lot of real life examples that demonstrate good and bad strategies of different organizations and the outcomes. Easy to listen to and interesting. Helps one to see how some huge undertakings completely lacks the reason despite millions of dollars behind them.
"Good book/Bad book"
This is a great book about the creation, implementation and consistency required to bring good strategy to life. It is also a slightly boring book full of MBA case studies which I felt could have been trimmed.
Rumelt has written a serious account of strategy which is more thoughtful and academic than many of the guru books which are available. He is an expert in his field and this book is hard to fault. My preference was for his thoughts on strategy creation rather than the case studies he used to support his views.
"Food for the Brain"
Strategy can be an absolute brain bender and so easy to get wrong. This book through examples and the authors excellent understanding helps you to get to grips with it and to the real essence of strategy. As the title suggests it provides examples of both good and bad and what we often think of as strategy is actually just fluff and a list of objectives. I would highly recommend this book to anyone involved with strategy or anyone infact involved with business.
"Great book, very nicely narrated"
Having listen to Richard Rumelt online, it was kind of little weird listening to his words spoken by Sean. As it moved on, Sean did manage to get a good rapport of making his speech close to how Richard would have spoken. Thoroughly enjoyed.
"Good content, heavy on tech strategy"
Yes - really useful content on good and bad strategy.
Good strategy content but gets heavy on tech industry strategy in the second half.
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