Skip to content

What makes a good strategy?

Nine points to improve any strategy.

Bruno Pešec
Bruno Pešec
1 min read
What makes a good strategy?

If we agree that strategy is about finding ways to make something better and/or cheaper than competitors, in a sustainable way, then Rummelt's criteria stand for any strategy:

A good strategy is a mixture of policy and action designed to surmount a high-stakes challenge, with an underlying logic consisting of:

  1. a diagnosis of the issue at hand,
  2. an overall guiding policy explaining how the issue will be handled, and
  3. a set of coherent actions designed to focus energy and resources.

Three simple questions to ask for (1):

  • Where have we been?
  • Where are we right now?
  • Where do we want to go?

And three simple questions to ask for (2) and (3):

  • How will we get there?
  • How will we know?
  • What will be the measures of success?

(2) and (3) have same questions, but the answers should be much more tactical and operational for (3).

Above process will help you improve any strategy, be it innovation, product, or a business one.

Strategy

Bruno Pešec

I help business leaders innovate profitably at scale.

Comments


Related Posts

Members Public

The Puzzle Episode 33

How much process is just enough process?

The Puzzle Episode 33
Members Public

Wednesday Innovation Q&A with Bruno

How to better align innovation strategy to business goals?

Wednesday Innovation Q&A with Bruno
Members Public

Innovators' decisions

Three critical levels.

Innovators' decisions