🍻 Join us for happy hour in your sweatpants! In this episode, we answer Russell's question, "What’s your process for building strategy?" Era and Ajay are here to provide a non-filtered primer on what is a good strategy, what's a bad strategy, and the process for building a good one!

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We would love to hear what you think! Have any other process ideas for Russell? Any ideas for great drinking games?! Let us know in the comments! 💬

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✍🏾 Show Notes

7:26 Today’s “Cool Product Thing”

13:30 Show outline

14:07 Join our episode’s drinking game

18:30 What are the 3 components of a strategy

19:57 Diagnosis

22:22 Guiding policy

23:17 An actionable plan

23:45 Strategy example from UberX vs Lyft

29:15 How to know if a strategy is bad

37:00 Methodologies to build a strategy

35:54 How OKRs relate to a strategy

37:16 SWOT method for diagnosis

40:15 Salon style discussion for building a strategy

43:48 Check for wake to evaluate your final strategy

45:14 Share early and often to fine tune

📚 Resources referenced in this episode

* Good Strategy, Bad Strategy by Richard Rumelt

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