Richard Rumelt - Action Quotes

5 Sourced Quotes

View all Richard Rumelt Quotes
For Schumpeter the most important firms are those that serve as the vehicles for action of the real drivers of the system — the innovating entrepreneurs.

Richard Rumelt
Having conflicting goals, dedicating resources to unconnected targets, and accommodating incompatible interests are the luxuries of the rich and powerful, but they make for bad strategy. Despite this, most organizations will not create focused strategies. Instead, they will generate laundry lists of desirable outcomes and, at the same time, ignore the need for genuine competence in coordinating and focusing their resources. Good strategy requires leaders who are willing and able to say no to a wide variety of actions and interests. Strategy is at least as much about what an organization does not do as it is about what it does.

Richard Rumelt
Despite the roar of voices wanting to equate strategy with ambition, leadership, vision, planning, or the economic logic of competition, strategy is none of these. The core of strategy work is always the same: discovering the critical factors in a situation and designing a way of coordinating and focusing actions to deal with those factors.

Richard Rumelt
The kernel of a strategy contains three elements: a diagnosis, a guiding policy, and coherent action.

Richard Rumelt
A strategy coordinates action to address a specific challenge. It is not defined by the pay grade of the person authorizing the action.

Richard Rumelt