Feed Post

SHIV DIXIT

Stealth • 7d

📖 DAILY BOOK SUMMARIES 📖 🔗 DIRECT FREE E-BOOK DOWNLOAD LINK AVAILABLE — https://drive.google.com/file/d/18jBVqczAXKo4u9-ei8WTlO4RMzNaCt9-/view?usp=drivesdk 🔥 Good Strategy and bad Strategy 🔥 🚀 20 Lessons By 👉 ✨ Richard Rumelt ✨ 1. Good Strategy Has Clear Goals and Focus: • A good strategy identifies specific objectives and avoids trying to do everything; it focuses on what matters most. 2. Diagnose the Core Problem: • Effective strategy begins by identifying the root cause of challenges, not just surface issues. 3. Define a Guiding Policy: • Good strategy includes a guiding policy that sets the direction and creates a framework for decisions and actions. 4. Take Coherent Actions: • Strategy requires consistent and coordinated actions that align with the guiding policy to achieve desired outcomes. 5. Avoid Fluff and Buzzwords: • Bad strategy often uses vague or feel-good language that sounds impressive but lacks actionable substance. 6. Focus on Competitive Advantage: • Good strategy leverages strengths that provide a unique advantage over competitors, not just operational improvements. 7. Set Priorities to Overcome Key Challenges: • Recognize and address the most significant challenges with targeted solutions, rather than general improvements. 8. Adapt to Reality, Not Wishful Thinking: • Good strategy is realistic and responsive to actual conditions and constraints, rather than overly optimistic goals. 9. Embrace Trade-Offs: • Choosing a strategic path often means sacrificing certain opportunities in favor of others; don’t try to do it all. 10. Bad Strategy Lacks a Clear Direction: • A hallmark of bad strategy is vague or contradictory objectives that confuse rather than clarify. 11. Effective Strategy is Problem-Solving: • Good strategy is essentially a plan to overcome obstacles, addressing specific problems with actionable steps. 12. Good Strategy is Simple, Not Simplistic: • It should be straightforward enough to guide action but grounded in a deep understanding of complexity. 13. Bad Strategy Relies on Motivational Goals Alone: • Just setting ambitious goals without a plan doesn’t constitute a strategy; it lacks substance and actionability. 14. Good Strategy is Responsive to Change: • Adaptability is critical; good strategies adjust to shifting market conditions or unforeseen circumstances. 15. Beware of Template-Driven Strategies: • Bad strategies often rely on generic templates or processes that don’t address specific organizational needs. 16. Avoid Chasing Multiple Unrelated Goals: • A good strategy focuses on a cohesive set of priorities rather than scattering efforts across unrelated initiatives. 17. Balance Ambition with Realistic Resources: • Effective strategy considers available resources and capabilities, avoiding overextension.

2 replies17 likes
8
Replies (2)

More like this

Recommendations from Medial

Anonymous

2. Set your goals (high-level priorities) Prioritization without clear goals won't do you much good, as it leads to multitasking, relentless context switching, disorganization, and mental blocks, which wreaks havoc on your productivity.. The entire p

See More
0 replies2 likes
Image Description
Image Description

Phoenixmedia

Stealth • 6m

Does having a group of friends who don't have any vision, goals , and gives a bad negative vibe are good? Eventually not I know but what if they are your close friends and are jealous by seeing your success and want to divert you from your studies an

See More
7 replies12 likes
Image Description
Image Description

Govind verma

Stealth • 13d

India still lacks a good B2B commerce platform. upcoming decade will be of indja and we still don't have a good B2B platform.we need a Alibaba for india. whaf do u think?

6 replies7 likes

Mridul Chandhok

Stealth • 2m

3 things one must take care while working on a business strategy- 🌟 Set your long-term goals but give the most priority to short- term goals and divide them in short tasks to achieve, which eventually will lead to the achievement of your long-term

See More
0 replies5 likes
Image Description
Image Description

Brajesh Kumar

Stealth • 6m

Is Bihar have potential to competite with up if favorable policy ,safety,good infrastructure were in bihar

4 replies7 likes
Image Description
Image Description

Fifty Six June

Stealth • 5m

I have not in into any actions yet and I am just a beginner, it is just a concept or idea of Mine. It is it my concept good ?

8 replies6 likes
1
Anonymous
Image Description

Is it a good strategy for a student to take an online BCA degree from Manipal University, stay in Bangalore, learn Android development, and get internships to gain experience....?

2 replies2 likes
Image Description

Jay Aggarwal

Stealth • 3m

I'm on my way to journaling and I wanna write my long term goals like for 5 years and 10 years but I am unable to do this. I am good enough at short term goals but the main problem is that I am not clear related to my goals that what I have to do an

See More
2 replies6 likes
Image Description
Image Description

Armaan Nath

Stealth • 4m

OLA maps are good but not as optimised as Google maps. OLA maps lacks in getting the flexibility and functionality which Google map offers.

8 replies8 likes
Image Description
Image Description

Raj Pareta

Stealth • 4m

Does making loss at initial stage to attract customers with discounts in startup or business is a good strategy?

5 replies7 likes

Download the medial app to read full posts, comements and news.