Strategy model - Good Strategy, Bad Strategy - Richard Rumelt
Good Strategy, Bad Strategy - The Difference and Why it Matters - Richard Rumelt. Main components, sources of power to increase effectiveness of actions, hallmarks of bad strategy. | Click to enlarge.
Strategy according to Rumelt
The kernel of good strategy according to Richard Rumelt is a logical structure that contains three main components:
A diagnosis that defines the nature of the challenge
A guiding policy for dealing with the challenge
A coherent set of actions to carry out the guiding policy
Hallmarks of bad strategy
Fluff
Failure to face the change
Mistaking goals for strategy
Bad strategic objectives
Sources of power to increase the effectiveness of actions:
Leverage
Proximate objectives
Chain-link systems
Design
Focus
Growth
Advantage
Dynamics
Inertia
Entropy