A startup can use Richard Rumelt's insights on organizational strategy to grow in several ways. Firstly, by identifying the critical factors in their situation, they can focus their resources and efforts on these areas. Secondly, they can design coordinated actions to deal with these factors, ensuring that all parts of the organization are working towards the same goals. Thirdly, they need to have a clear understanding of their industry and its surrounding space, which will help them to identify opportunities and threats. Finally, they should avoid the temptation to replace hard strategic work with template-style vision building or other forms of pseudo-strategy.
Even some of the world’s biggest organizations do strategy poorly, and incorrectly credit their succ...
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