https://vegasharmon.com/authors/richard-rumelt/ Recent content in Richard Rumelt on Vegas Harmon Hugo en Mon, 13 Apr 2026 00:00:00 +0000 https://vegasharmon.com/commonplace/strategy-is-deciding-what-truly-matters/ Mon, 13 Apr 2026 00:00:00 +0000 https://vegasharmon.com/commonplace/strategy-is-deciding-what-truly-matters/ Here, as in so many situations, the required actions were not mysterious. The impediment was the hope that the pain of those actions could, somehow, be avoided. Indeed, we always hope that a brilliant insight or very clever design will allow us to accomplish several apparently conflicting objectives with a single stroke, and occasionally we are vouchsafed this kind of deliverance. Nevertheless, strategy is primarily about deciding what is truly important and focusing resources and action on that objective. https://vegasharmon.com/commonplace/the-kernel-of-good-strategy/ Mon, 13 Apr 2026 00:00:00 +0000 https://vegasharmon.com/commonplace/the-kernel-of-good-strategy/ The kernel of a strategy contains three elements: A diagnosis that defines or explains the nature of the challenge. A good diagnosis simplifies the often overwhelming complexity of reality by identifying certain aspects of the situation as critical. A guiding policy for dealing with the challenge. This is an overall approach chosen to cope with or overcome the obstacles identified in the diagnosis. A set of coherent actions that are designed to carry out the guiding policy.