A strategy should address obstacles and limitations from "summary" of Good Strategy Bad Strategy by Richard Rumelt
A good strategy is a way of dealing with a high-stakes challenge. It is a way to address a significant problem or opportunity in a way that will lead to a better outcome. To develop a good strategy, one must first identify the key obstacles and limitations that stand in the way of achieving the desired goal. These obstacles and limitations may take many forms. They may be external, such as competition, regulation, or market conditions. They may also be internal, such as lack of resources, skills, or coordination. Addressing obstacles and limitations requires a clear understanding of the problem at hand. This means being honest about the challenges that need to be overcome and being realistic about the resources available to address them. It also means being willing to make tough choices about what can and cannot be done. A good strategy does not try to do everything. Instead, it focuses on the most critical obstacles and limitations and develops a plan to address them effectively. In some cases, addressing obstacles and limitations may require changing the way things are done. This may involve rethinking business processes, reallocating resources, or developing new capabilities. It may also involve taking risks, such as entering new markets or investing in new technologies. Whatever the case, addressing obstacles and limitations is essential for developing a good strategy. By addressing obstacles and limitations, a good strategy increases the chances of success. It helps to ensure that resources are used effectively and that efforts are focused on the most critical issues. It also helps to build confidence and commitment among those responsible for implementing the strategy. In short, addressing obstacles and limitations is a key part of developing a strategy that will lead to a better outcome.
Similar Posts
Think strategically about competition
Entrepreneurs must have a keen awareness of their competition in order to succeed in the market. It is not enough to simply kno...
Win the war by winning hearts and minds
The most powerful victories are not achieved through sheer force or violence. True success in war involves winning over the hea...
Set clear goals to stay on track
To achieve success in any endeavor, it is crucial to establish clear goals. Setting clear goals provides a roadmap that guides ...
Build a strong team of employees
A successful business plan is built on the foundation of a strong team of employees. Your team is the backbone of your business...
Practice discipline in all actions
It is crucial to cultivate discipline in all your actions. This means being precise and focused in everything you do, whether i...
Cultivate leadership skills
Developing leadership skills is not a one-time event but an ongoing process that requires deliberate effort and dedication. It ...
Human resources support employee development and retention
Human resources play a crucial role in fostering the growth and retention of employees within an organization. By providing sup...
Foster a positive company culture
Building a positive company culture is crucial for the long-term success of any business. It involves creating an environment w...
Foster a sense of accountability and responsibility
Building a culture of accountability and responsibility within a team is crucial for its success. It starts with setting clear ...
Never stop dreaming
The idea of never stopping dreaming is a common theme among many successful entrepreneurs. It is the driving force behind their...