Free Audiobook summary of the book Good Strategy, Bad Strategy by Richard P. Rumelt.

Strategy is the craft of figuring out which purposes are both worth pursuing and capable of being accomplished.

Good and Bad Strategy

Strategy is the application of strength against weakness.

Strategy creates new strengths through subtle shifts in viewpoint.

Most organizations have multiple conflicting objectives that amount to little more than spending more and try harder.

They spread resources to placate internal interests rather than concentrate resources to focus on pivot points.

Creating a good strategy means saying no to a variety of interests.

Discovering Power

Success isn’t just about what your organization does, it’s also about blocked or failed competition

For example, in setting cold war strategy, it made little sense to match Soviet capabilities. The best method was to build on our strengths in ways that were aimed at their weaknesses.

Act so as to impose exorbitant costs on the competition using your relative advantages

Get inspiring big ideas from world's best books, articles, podcasts and videos on nextbigwhat.

Subscribe to #BigIdeas podcast by NextBigWhat on your favourite podcast platform:

Spotify: https://open.spotify.com/show/70AjydAWmDnwhgCLrjk3ya

Apple Podcasts: https://podcasts.apple.com/us/podcast/bigideas-by-nextbigwhat/id1666179584

Amazon Music: https://music.amazon.in/podcasts/c5a37dd2-f729-4e6b-b671-b4c856bf48ce/bigideas-by-nextbigwhat

Castbox: https://castbox.fm/channel/id5282308

Pocketcasts: https://pca.st/vur21t8o

Stitcher: https://www.stitcher.com/show/1053194