He did not attack my argument. He didn’t agree with it, either. He just smiled and said, "I am going to wait for the next big thing."
Source: Good Strategy Bad Strategy, 2011, p. 14; Similar story in Rumelt (2007)
Famous Richard Rumelt Quotes
Source: Good Strategy Bad Strategy, 2011, p. 92
Source: Strategy, structure, and economic performance. (1974), p. 29
Source: Good Strategy Bad Strategy, 2011, p. 1-2
Source: "Diversity and Profitability", 1982, p. 359; Abstract
Richard P. Rumelt in: " Guru Richard Rumelt http://www.economist.com/node/12677012," at economist.com, Dec. 26 2008.
Richard Rumelt Quotes about business
“[In related businesses] common skill, market or resource applies to each.”
Source: Strategy, structure, and economic performance. (1974), p. 29
Response to the question: "You’ve been teaching about, researching, and consulting on business and corporate strategy for 35 years. What changes have you seen in that time?"
"McKinsey Quarterly interview," 2007
Source: "How Much Does Industry Matter?", 1991, p. 167; Abstract
About strategy starts with identifying changes, and companies taking position (2)
"McKinsey Quarterly interview," 2007
Source: "Towards a strategic theory of the firm." 1997, p. 131; Lead paragraph
Richard Rumelt Quotes
Source: Good Strategy Bad Strategy, 2011, p. 20
Context: 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.
Source: "Towards a strategic theory of the firm." 1997, p. 134
Source: Strategy, structure, and economic performance. (1974), p. 119
About strategy starts with identifying changes, and companies taking position (1)
"McKinsey Quarterly interview," 2007
Source: "Uncertain imitability", 1982, p. 420
Source: Good Strategy Bad Strategy, 2011, p. 64
Source: Good Strategy Bad Strategy, 2011, p. 3
Source: Good Strategy Bad Strategy, 2011, p. 52
Source: Good Strategy Bad Strategy, 2011, p. 1; Lead paragraph introduction
Source: "Towards a strategic theory of the firm." 1997, p. 134
Source: Strategy, structure, and economic performance. (1974), p. 156
Source: Good Strategy Bad Strategy, 2011, p. 7
Source: Good Strategy Bad Strategy, 2011, p. 20