Summary of Good Strategy Bad Strategy

Good Strategy Bad Strategy by Richard P. Rumelt is a book that examines the importance of having a well-defined strategy in order to achieve success. The book discusses the differences between good and bad strategies and provides a framework to help readers identify and develop effective strategies. The author explores the four components of a good strategy: a diagnosis, a guiding policy, coherent action and acceptance of the challenge. The book also examines the various types of bad strategies, such as the “boiling the ocean” strategy, the “solution looking for a problem” strategy and the “strategy of wishful thinking”. Finally, the book provides insights into how to develop a successful strategy and how to avoid the pitfalls of bad strategy.