Richard Rumelt Quotes

Richard Post Rumelt is the Harry and Elsa Kunin Emeritus Professor of Business & Society at the University of California, Los Angeles Anderson School of Management. He joined the school in 1976 from Harvard Business School. Wikipedia  

✵ 10. November 1942
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Richard Rumelt: 25   quotes 0   likes

Famous Richard Rumelt Quotes

“Changes don't come along in nice annual packages, so the need for strategy work is episodic, not necessarily annual.”

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

Richard Rumelt Quotes

“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: 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.

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

Source: Good Strategy Bad Strategy, 2011, p. 7

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