What is Good Corporate Strategy?

Professor Richard Rumelt says its simply the focus of resources on business objectives.
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[@navidutube]

A true guru! He is the best!

[@ThomasRizk]

Great video! Richard did an excellent job explaining good corporate strategy!

[@user-jb3ld4qj3p]

🎯 Key Takeaways for quick navigation:
00:09 🎯 *Good business strategy is fundamentally simple and involves focusing resources on a single objective.*
00:52 📉 *Difficulty in assessing strategy success arises from current results being influenced by past endowments like brand, reputation, and market position.*
01:45 🤝 *Organizational challenge: The inherent compromise in satisfying multiple constituencies can dilute focus, hindering strategy accomplishment.*
03:23 ❓ *In real strategic situations, the choice set is often unknown, making decision-making challenging and requiring time to understand new dynamics.*
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[@ntcuong01ct1]

Dear friends, I think the corporate strategy is we want to grow 20% ROA, and the business strategy is product A grow 30%, product B grow 40%, product C grow 10%. Is it right?. Thanks .

[@cherripitts6894]

Those are still just goals. You need a diagnosis, plan, goal, and metric to be a good strategy.

[@dagwould]

Wrong. The percentages will mislead you.