Another must-read, according to Shreyas Doshi and countless others, when it comes to strategy. The great thing about this book is that it includes clear examples of what they consider good vs bad example of strategies
For Rumelt, the heart of good strategy is insight into the hidden power in any situation, and into an appropriate response - whether launching a new product, fighting a war or putting a man on the moon. Drawing on examples of the good and the bad from across all sectors and all ages, he shows how this insight can be cultivated with a wide variety of tools that lead to better thinking and better strategy, strategy that cuts through the hype and gets results.
AI Summary: Good Strategy / Bad Strategy: The Difference and Why it Matters, by Richard P. Rumelt, is a comprehensive guide to developing effective strategies in business and other organizations. The book is divided into three parts. The first part examines the concept of strategy and provides a framework for understanding how successful strategies are crafted. The second part looks at the various types of bad strategies, including those that are overly simplistic, too focused on short-term goals, and overly reliant on external factors. The third part provides practical advice on how to create good strategies and avoid bad ones. Throughout the book, Rumelt emphasizes the importance of understanding the underlying causes of a situation and making decisions that are based on those causes. He also stresses the importance of developing and executing a strategy that is tailored to the specific context of the organization. By following the principles outlined in this book, readers can learn how to create better strategies and gain a competitive edge.