Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only €10,99/month after trial. Cancel anytime.

    Summary of Richard Rumelt's Good Strategy Bad Strategy
    Summary of Richard Rumelt's Good Strategy Bad Strategy
    Summary of Richard Rumelt's Good Strategy Bad Strategy
    Ebook56 pages57 minutes

    Summary of Richard Rumelt's Good Strategy Bad Strategy

    By IRB Media

    ()

    Read preview

    About this ebook

    Get the Summary of Richard Rumelt's Good Strategy Bad Strategy in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: In Good Strategy/Bad Strategy, he debunks these elements of “bad strategy” and awakens an understanding of the power of a “good strategy.” He introduces nine sources of power—ranging from using leverage to effectively focusing on growth—that are eye-opening yet pragmatic tools that can easily be put to work on Monday morning, and uses fascinating examples from business, nonprofit, and military affairs to bring its original and pragmatic ideas to life. The detailed examples range from Apple to General Motors, from the two Iraq wars to Afghanistan, from a small local market to Wal-Mart, from Nvidia to Silicon Graphics, from the Getty Trust to the Los Angeles Unified School District, from Cisco Systems to Paccar, and from Global Crossing to the 2007–08 financial crisis.

    LanguageEnglish
    PublisherIRB Media
    Release dateDec 10, 2021
    ISBN9781669343707
    Summary of Richard Rumelt's Good Strategy Bad Strategy
    Author

    IRB Media

    With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

    Read more from Irb Media

    Related to Summary of Richard Rumelt's Good Strategy Bad Strategy

    Related ebooks

    Business For You

    View More
    View More

    Related podcast episodes

    Related categories

    Reviews for Summary of Richard Rumelt's Good Strategy Bad Strategy

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Summary of Richard Rumelt's Good Strategy Bad Strategy - IRB Media

      Insights on Richard Rumelt's Good Strategy Bad Strategy

      Contents

      Insights from Chapter 1

      Insights from Chapter 2

      Insights from Chapter 3

      Insights from Chapter 1

      #1

      A good strategy is unexpected. It creates strength through the coherence of its design. And it arises from a reframing of a competitive situation, not from an existing strength.

      #2

      In 1996, Apple fell into a death spiral. The company’s products were being overshadowed by the Windows-Intel-based PCs. Apple’s CEO, Gil Amelio, cut staff and attempted to restructure the company’s many products into four groups: Macintosh, information appliances, printers and peripherals, and alternative platforms.

      #3

      Apple had less than 4 percent of the personal computer market in 1998, and no clear way of getting out of that niche.

      #4

      In the 1980s, Apple’s products were highly innovative and ahead of their time. In the 1990s, Apple’s products were still highly innovative, but their time had passed. By the 2000s, consumers had already moved on to the next big thing.

      #5

      The Gulf War was a war between the coalition of the willing, led by the United States, and the Soviet Union-backed regime of Saddam Hussein in Iraq. It began in 1990 and ended in 1991 with a victory for the coalition. However, it was not without cost, as the Battle of Stalingrad in World War II was.

      #6

      The left hook was a military strategy created by General Norman Schwarzkopf that consisted of a two-pronged attack on the Iraqi army. Air strikes would reduce Iraqi capabilities, and then a ground assault would finish the job. It was a strategy that worked, and one that few could have predicted.

      #7

      Deception was an important part of the US Army’s Plan A strategy, which was to envelop and destroy the Iraqi army. The strategy was so successful that it remains a mystery to this day how such a pure and focused plan could be carried out.

      #8

      Good strategy requires leaders who are willing and able to say no to a wide variety of actions and interests. Strategy is at least as much about what an organization does not do as it is about what it does.

      #9

      The story of David and Goliath illustrates the victory of apparent weakness over apparent strength. It teaches us that our preconceived ideas of strength and weakness may be unsound.

      #10

      The author helps MBA students and companies uncover the hidden power in situations. In a subsequent session, he will discuss the modern Wal-Mart, which has become a global giant.

      #11

      In a strategy session, a professor asks a group of students to discuss the reasons behind Wal-Mart’s success. Half the group discusses the case, while the other half debates the competition.

      #12

      The author asked his students to analyze what made Wal-Mart

      Enjoying the preview?
      Page 1 of 1