Build your confidence and knowledge about strategy with this episode of HR Coffee Time. Fay talks you through the key takeaways from Richard Rumelt’s modern business classic, “Good Strategy, Bad Strategy: The difference and why it matters.”

Not only will this help you create more powerful People and HR strategies, but it will also help you understand how to craft and contribute to the overarching strategy for the whole organisation you work in.

This episode will be helpful for you, no matter which role you’re ultimately aiming for, but it will be especially useful if you’d like to move into a Board-level role (or are already in one).

Ideas shared in the episode, include:

The kernel of good strategy is made up of:

• A diagnosis that defines or explains the nature of the challenge
• A guiding policy for dealing with the challenge
• A set of coherent actions designed to carry out the guiding policy

9 sources of power:

1. Leverage
2. Proximate objectives
3. Chain-link systems
4. Using design
5. Focus
6. Growth
7. Using advantage
8. Using dynamics
9. Inertia and entropy

 

Useful Links

• Connect with Fay on LinkedIn
• Fay’s website: Bright Sky Career Coaching

 

Buy the Book Recommendation

(Disclosure: the book link is an affiliate link which means that Fay will receive a small commission from Amazon if you make a purchase through it)

• Good Strategy, Bad Strategy: The difference and why it matters, by Richard Rumelt

 

Other Relevant HR Coffee Time Episodes

• Episode 26: How to be strategic in your new HR leadership role
• Episode 61: The 4 pillars that will help you be strategic in your HR role
• Episode 77: How to create an effective DEI strategy, with Metra Rowe
• Episode 98: HR insider insights: how to create a powerful people strategy for an SME, with Kelly Vincent

Looking For the Transcript?

You can find transcripts for all episodes on the HR Coffee Time section of the Bright Sky Career Coaching website.

 

Rate and Review the Podcast

If you found this episode of HR Coffee Time helpful, please rate and review it on Apple Podcasts or Spotify. If you're kind enough to leave a review, let Fay know so she can say thank you. You can always reach her at: [email protected].

 

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Mentioned in this episode:

Inspiring HR Leadership Programme

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