Skip to content

The enhanced ability to obtain external funding and ... capacity to deploy capital internally to the most promising of a wide range of divisional ventures.

— Richard Rumelt Strategy, structure, and economic performance (1974)

Another quote →

More quotes by Richard Rumelt

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

A leader’s most important job is creating and constantly adjusting this strategic bridge between goals and objectives.

A major advancement in the strategy field is the development of models where firm heterogeneity is an endogenous creation of economic actors.

Ambiguity as to what factors are responsible for superior (or inferior) performance acts as a powerful block on both imitation and factor mobility.

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

All Richard Rumelt quotes →

Attribution

Quote text and notes from Wikiquote: Richard Rumelt (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.