Good Strategy, Bad Strategy | Richard Rumelt

[@lkostova]

OMG, he verbalized what I often think when I try to read strategic documents. I go "that's a word salad, there's nothing here, it's abstract fancy-sounding statement that makes the author look smart. But what does it mean?" Thanks Lenny for inviting Prof. Rumelt!

[@dagwould]

Yep, me too. A strategic document, truly, is a list of what you are going to do, how you will resource it. It might also cover the way current capabilities will be deployed, how constraints will be navigated and what projects are needed to ensure the capability we need.

[@account_null]

I love listening Richard's podcasts'/speeches. He is somehow "magical". Simple, but listening to him I almost literally rewire my brain into the mind of a real strategist.

[@salim7701]

An amazing time we live in, I can watch this for free from my place and with earphone so I can hear them clearly, colours are close to reality, with ability to stop and go back if I didn't understand something! Truly blessed!

[@MICHAELBCLEGG]

What a great thought of gratitude. Amazing. Thanks for sharing and you’re exactly right.

[@ghanemzadeh]

Great! Prof. Rumelt rocks. I've read the Good Strategy/Bad Strategy and it's one of the best Stratgey books.

[@aneez1981]

One of the best episodes, largely because it is distilled down to what matters and how to think about a problem. Have taken down a lot of notes. Hope to continue this thought exercise at my workplace. Thanks for bringing Richard onto the pod.

[@bazejkazmierczak4660]

It was my first encounter with Richard Rumelt interview. He's delivering great insights, sharing extensive knowledge, wisdom, experience. I was impressed how Richard is able to connect recent LLM revolution back to other revolutions of the past. Lenny, I'm looking forward for similar caliber profiles on your channel. Well done!

[@larsrichter340]

Thanks for that great interview! One of the most inspiring persons when it comes to strategy

[@blackmansaduuri1122]

This is worth watching a thousand times ❤❤

[@ryanabshire8061]

This was an outstanding and insightful interview. You did a good job of facilitating him through his most notable findings from his books and experience, and he did a great job of staying very consistent with his message. This is quite a lot of food for thought; thank you for hosting this interview!

[@pbheda]

Best explantion of what stragey is, it is an action plan to solve the hardest problem but its impacted when interests are not aligned , if he writes a "don't do that" book , i think it will be a great book

[@marcmenzel8]

Richard, chapeau. It helps me to support others with finding in themselves their answers to build a strategy. All this in organizational business context. So, many thanks, great chat, cool stories and keep on igniting thinking! The world would become a better place to live. Cheers for now, Marc

[@every1readthis]

I've listened to this podcast several times. I continue to learn something new I missed.

[@fabuhaimed]

The interview with Richard Rumelt was truly insightful. Having read his books, "Good Strategy, Bad Strategy" and "The Crux," I'm inspired to conduct a webinar on strategy to explain that it goes beyond mere vision and mission statements. The term "Action Agenda" resonates with me as a fitting substitute for the conventional strategy plan. I appreciate the concise summaries presented in the Takeaways throughout the interview. Both the interviewee and interviewer were exceptional, and I look forward to similar engaging discussions in the future.

[@mulderbm]

So many gems from experience in here. Listen with intent and you may recognize them from your own practice. I also like the hint on history books that is key to understanding the context even in todays tech driven world.

[@dainbolling9375]

One of your best!

[@greggallo9906]

Thanks, Lenny and Richard.

[@pablolis]

It was an excellent episode, Lenny and Richard Rumelt! Thank you so much. It's been a huge pleasure to watch it in its entirely. Full of insights and clarification on strategy and other subjects. Be sure to check it out!

[@telebiopic]

This is such an amazingly simple exposition. 🎉

[@marquan24]

This was life changing!

[@_lalieee2024_]

One of the best episodes!

[@Drackomass]

This was a really slow burner episode, it's very different from Lenny's other episodes, this is probably my Lenny of the Year Episode (I know to early to tell).

[@Lossengwath]

I cringe every time a leader talks about "strategy", and they just state a desired goal or objective with no plan to get there whatsoever.

[@vale-y1i]

Thanks for this. There's some really good ideas here. As a strategic approach/framework, Roger Martin's and AG Lafley's "Playing to win" is a much clearer way to create a winning strategy.

[@KlaasVictor]

Great interview! Immediately bought the book Good strategy Bad strategy 🎉

[@rawkakani]

Thank you for this episode

[@federicocunese]

Freaking masterclass on strategy. One of the best episodes...

[@yolandacoquia8515]

Very actionable learnings. Thank you!

[@devenkkchheda]

Brilliant .....Very Insightful

[@RickyRollinsMedia]

great interview lenny

[@cesareborgia6431]

I've just discovered your podcasts (thanks to Roger Martin). There are really, really great, largely above the competition

[@LennysPodcast]

Thank you!

[@cesareborgia6431]

@@LennysPodcast under the video with Roger a couple of people asked how his work fit with Rumelt's. I replied that Roger has explained this on one of his Medium posts but I can't see my comment. did you delete it? is it YT? (because I mentioned another platform, though I did not add a link)

[@LennysPodcast]

@@cesareborgia6431 I haven't deleted any comments. I wonder if KZbin removed them for some reason. Will see if I can track that down. Freaky!

[@cesareborgia6431]

@@LennysPodcast I've noticed that YT tends to delete comments with links that are not other YT videos... 😞that's why I just mentioned the name of the platform.

[@LennysPodcast]

@@cesareborgia6431 That's crazy. I just looked and couldn't find anything that showed me these videos that it's removing. What if you try posting that reply again?

[@jerryyou9460]

Amazing, full of wisdom.

[@ConanSpartacus]

Great episode! Only wish the microphone on Prof. Rummelt side was a little bit better

[@LennysPodcast]

Yeah, I know what you mean. We give guests a lot of guidance on how to set things up well, and even ship them a mic if they want. But still doesn't always end up being amazing. It's been a lot worse, fwiw.

[@CTCNews-yz5xn]

This is gold😮

[@carlgould]

great!

[@Entrepreneur_in_progress]

Great one! It would also be interesting to have the author Thinking In Bet Annie Duke on the podcast - eventually, all strategic decisions are sort of bets.

[@LennysPodcast]

She's coming on in a couple of months 🙌

[@DonMarcoG]

This is great

[@Sam1990s]

Strong “My Greek Fat Wedding” vibes when he said it comes from the Greek “Stratikos” -there you go. 😂❤

[@alexeyhimself]

Was so difficult to listen and even more difficult to understand an answer on every question. For example I had to listen "example of a good strategy" 3 times before I could figure out an answer. Really surprised by the commenters who wrote "the best interview". Definitely it's not the best one. I wished I could listen and extract value, but I can't.

[@kotadiyachaitanya7957]

Do you looking for Video Editor?

[@jninlove]

Deeply appreciate the interview. Finally know what strategy means

[@vale-y1i]

So what is it then?

[@gplayj9984]

Good insights but could have compressed to half to 1 hour. After a point it felt very repetitive.

[@niklas46810]

Just like the book.

[@BenSmit-e7s]

All sounds a bit fluffy - strategy just sounds like good common (business) sense. Everyone just scared they're missing something maybe. Latest strategy this latest strategy that. Just get on with business. Nice guy though (Richard).