Recognising Good and Bad Strategies – Part 4
10. February 2020
The second element of a good strategy: The Guiding Policy This is the fourth article on our five-part series on Richard Rumelt’s book “Good Strategy/Bad
The second element of a good strategy: The Guiding Policy This is the fourth article on our five-part series on Richard Rumelt’s book “Good Strategy/Bad
The first element of a good strategy: The Diagnosis This is the third article on our five part series on Richard Rumel’s book “Good Strategy/Bad
A bad strategy is not simply the absence of a good strategy, but rather a result of misconceptions and management deficits. The four characteristics of bad strategies are (1) Fluff – a form of gobbledygook that poses as a strategic concept. (2) lack of reference to the challenges (3) confusion of objectives with the strategy and (4) wrong strategic objectives.
A good strategy contains at least three elements: 1) diagnosis, 2) guiding policy and 3) coherent action. This is this the KERNEL of a good strategy. Just formulating revenue, profit or market share objectives alone don’t make a strategy. Neither is something by default strategic because it is general, high-level or happens to have been decided at C-level
In this post written by Janet Shaner, you learn how to adapt your network for the country where you live / work Certain vs. uncertain
Photo by Frank Busch on Unsplash Story I recently started a new habit. Every Saturday, I go for a 60 to 90-minute walk. The trigger
Collaboration is the glue every team or organisation employs to achieve sustainable high performance. Collaboration exists in many forms and guises, some of which are
Photo by Photo Boards on Unsplash Human error and poor judgement are commonplace in business. When someone makes a mistake, it is often tempting to
Photo by Pedro Sanz on Unsplash One could also say that people are not disturbed by things, but that they disturb themselves by holding rigid
Apparently, people in India use a simple trick to capture monkeys. The trapper fastens a piece of cord to a tree. On the other end
The second element of a good strategy: The Guiding Policy This is the fourth article on our five-part series on Richard Rumelt’s book “Good Strategy/Bad
The first element of a good strategy: The Diagnosis This is the third article on our five part series on Richard Rumel’s book “Good Strategy/Bad
A bad strategy is not simply the absence of a good strategy, but rather a result of misconceptions and management deficits. The four characteristics of bad strategies are (1) Fluff – a form of gobbledygook that poses as a strategic concept. (2) lack of reference to the challenges (3) confusion of objectives with the strategy and (4) wrong strategic objectives.
A good strategy contains at least three elements: 1) diagnosis, 2) guiding policy and 3) coherent action. This is this the KERNEL of a good strategy. Just formulating revenue, profit or market share objectives alone don’t make a strategy. Neither is something by default strategic because it is general, high-level or happens to have been decided at C-level
In this post written by Janet Shaner, you learn how to adapt your network for the country where you live / work Certain vs. uncertain
Photo by Frank Busch on Unsplash Story I recently started a new habit. Every Saturday, I go for a 60 to 90-minute walk. The trigger
Collaboration is the glue every team or organisation employs to achieve sustainable high performance. Collaboration exists in many forms and guises, some of which are
Photo by Photo Boards on Unsplash Human error and poor judgement are commonplace in business. When someone makes a mistake, it is often tempting to
Photo by Pedro Sanz on Unsplash One could also say that people are not disturbed by things, but that they disturb themselves by holding rigid
Apparently, people in India use a simple trick to capture monkeys. The trapper fastens a piece of cord to a tree. On the other end
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