Reading Good Strategy Bad Strategy by Richard P Rumelt
So far I have only read about Bad Strategies, and there seams to be a lot of them!
To detect a Bad Strategy, look for any or all of these:
- Fluff: "Fluff is superficial restatement of the obvious combined with a generous sprinkling of buzzwords. Fluff masquerades as expertise, thought and analysis"
- Failure to face the challenge: "If you fail to identify and analyse the obstacles, you don't have a strategy. Instead you have either a stretch goal, a budget or a list of things you wish would happen"
- Mistaking goals for strategy: "Performance Goals are not a strategy"
- Bad strategic objectives: There are two types of bad strategic objectives:
- Dog's Dinner Objectives: A long list of "things to do", often mislabeled as strategies or obejctives is not a strategy. It is just a list of things to do.
- Blue-Sky Objectives: a blue sky objective is usually a simple restatement of the desired state of affairs or of the challenge. It skips over the annoying fact that no one has a clue as to how to get there.