Good Strategy Bad Strategy: The Difference and Why It Matters
Reviewed on , book by Richard
Good strategy isn’t 3D-chess conjured at an LCD-induced board meetings guided by a shaman and superior industry acumen, as the book explains:
Good strategy almost always looks this simple and obvious and does not take a thick deck of PowerPoint slides to explain
That’s the main takeaway. Be suspicious if anyone tells you strategy is anything more complicated than that.
Bad strategy:
- Goals aren’t strategy (without action and ability to identify obstacles)
- Ambition (plenty of people have ambition without a strategy)
- Motivation
- Charisma
Good strategy, nothing magical:
- Simple
- Prioritization (sacrificing important things is a sign you’re doing it right)
- Proximate and ultimate objectives
- Clearly identifies obstacles / bottlenecks