Rock climbers call certain boulders “problems” and the toughest part “the crux.” Richard Rumelt, in his new book The Crux: How Leaders Become Strategists, uses this term to describe a three-part strategic skill: 1) judgment about what is important and what’s secondary; 2) judgment about the difficulties of dealing with these issues; and 3) being able to focus. Join Ed and Ron as they discuss the essentials of strategy.

Since Greg is on PTO we present the AI edition of Greg's Notes with no edits.

Summary from Otter.ai:

What did you want to call this? 0:05
What does it take to be successful in the knowledge economy? 3:21
The problem with strategy in business. 10:56
What is the crux of agnarly problems? 16:43
What’s the relationship of monkeys and flame throwers to strategy? 21:38
The importance of having timely access to the right people in your business. 28:22
Services are a means to an end, not an end. 37:44
The mistaken belief that the purpose of a business is to make a profit. 43:58
Ron’s book is not a strategy book. It’s a book of advice. 50:15
The low-price, low-performance disruption theory. 52:49
The 17 Sustainable Development Goals are aspirational, but they are not coherent. 57:40

Bonus Content is Available As Well

Did you know that each week after our live show, Ron and Ed take to the microphone for a bonus show? Typically, this bonus show is an extension of the live show topic (sometimes even with the same guest) and a few other pieces of news, current events, or things that have caught our attention.

Click the “FANATIC” image to learn more about pricing and member benefits.