Strategy - Good or Bad ?. Review on Good Strategy Bad Strategy - Richard Rumelt

Book Name: Good Strategy Bad Strategy: the Difference and Why It Matters

Author: Richard P. Rumelt

We find a team of analyst giving their views on the strategy adopted by the teams. May be it is the game of cricket, football or any other. The word strategy has become common. Every company has some strategy, may be for sustenance, Growth or harvest.

The book gives an insight on what is good and bad strategy is all about. A good strategy is not about vision or goals. The book is divided into three chapters

1. Good or bad strategy

   
   




2. Sources of power

   
   




3. Thinking like strategist

   
   

Insights:

A good Strategy will have three steps

1.  A Diagnosis of problem

2.  A guiding policy

3.  Coherent Actions

A bad strategy will have

1. Fluff

   
   




2. Failure to face challenge

   
   




3. Making Goal as strategy

   
   




4. Poor alignment of goals to strategy

   
   

Bottom-line

This book helps in clarifying the difference between goal and strategy with some examples. Further the author has provided some good examples, which are realistic which aids in better understanding.