Question
The book "Good Strategy, Bad Strategy" by Richard Rumelt has significantly influenced corporate strategies by emphasizing the importance of identifying critical factors in a situation and designing coordinated actions to deal with them. It has taught organizations to be aware of their resources and capabilities and to have a sharp understanding of their industry and its surrounding space. The book discourages the use of template-style vision building or any other form of pseudo-strategy, promoting instead the value of hard, strategic work.
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A paragon of organizational strategy, Richard Rumelt walks readers around the many landmines lying in wait should leaders misstep in their strategy. At its core, strategy is the identification of critical factors in a situation, then the skillful design of coordinated actions to deal with said factors. It requires awareness of one's resources and capabilities and a sharp understanding of one's industry and its surrounding space. Though there is much to learn, fundamentally strategy is very difficult leg work, not easily replaced with template-style vision building or any other form of pseudo-strategy.
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