Business

Good Strategy Bad Strategy: 6 key ideas

The core ideas of Good Strategy Bad Strategy, each in under a minute, written in our own words. Want the full depth? Get the book.

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  1. IDEA 1 OF 6

    The kernel of strategy

    Good strategy has three parts: a diagnosis of the challenge, a guiding policy for dealing with it, and coherent actions that carry the policy out.

  2. IDEA 2 OF 6

    Bad strategy is fluff

    Buzzwords, lofty goals and long lists of priorities aren't strategy.

    If it doesn't name the obstacle, it isn't a plan.

  3. IDEA 3 OF 6

    Find the crux

    Identify the single most important problem that, once solved, unlocks progress.

    Concentrate resources there.

  4. IDEA 4 OF 6

    Leverage

    Look for the point where focused effort produces outsized results, often by anticipating how others will act.

  5. IDEA 5 OF 6

    Proximate objectives

    Set near-term goals that are clearly achievable.

    They turn a vague ambition into a problem people can actually solve.

  6. IDEA 6 OF 6

    Strategy is choice

    Saying yes to one direction means saying no to others.

    Avoiding hard trade-offs produces bad strategy.

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