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

— Richard Rumelt

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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.

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.

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

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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.