Companies might face several obstacles when implementing the strategies from "Good Strategy, Bad Strategy". These could include resistance to change, lack of understanding of the strategy, and lack of resources. To overcome these obstacles, companies can ensure clear communication of the strategy, provide necessary training and resources, and foster a culture that embraces change.

Asked on the following book summary:

resource preview

Good Strategy, Bad Strategy

Even some of the world’s biggest organizations do strategy poorly, and incorrectly credit their success to personal decision-making skills. We read th...

Start for free ⬇️

Download and customize hundreds of business templates for free

Go to dashboard to download stunning templates

Download

book summary Preview

View all chevron_right

Question was asked on:

"DARPA focuses its investments on this 'DARPA-hard' niche—a set of technical challenges that, if solved, will be of enormous benefit to US national security even if the risk of technical failure is high" DARPA changes its program managers every four to six years to limit 'empire building' and so that workers challenge previously held modes of operation

Questions and answers

info icon

'Good Strategy, Bad Strategy' by Richard Rumelt has significantly influenced corporate strategies and business models by emphasizing the importance of clear, coherent strategies over vague objectives. It has taught businesses to focus on overcoming key challenges and leveraging unique advantages, rather than pursuing multiple conflicting goals. The book has also highlighted the dangers of 'bad strategy', such as fluff, failure to face the challenge, over-specification of goals, and designating goals as strategies, which has led many businesses to reassess and refine their strategies.

One of the most innovative ideas presented in Good Strategy, Bad Strategy is the concept of 'kernel' of a strategy, which includes a diagnosis, guiding policy, and coherent action. Another surprising idea is the emphasis on the importance of good strategic objectives, which should be an action that addresses the obstacles identified in the diagnosis. The book also highlights the importance of focusing on strategic advantages and leveraging them effectively. Lastly, the idea of 'bad strategy' is also innovative, where it discusses how strategies often fail due to fluff, failure to face the challenge, mistaking goals for strategy, and bad strategic objectives.

View all questions
stars icon Ask another question