Good Strategy/Bad Strategy: Forming Superware's Strategic Plan

#12. We just wrapped up our latest round of strategic planning at Superware—and it was a game-changer using the approach outlined in Richard Rumelt’s Good Strategy, Bad Strategy. Here’s what stood out from our process and why it made such a difference for us. After landing a major consulting win, we still hadn’t cracked product market fit for our industry apps. Instead of more generic goals and vision statements, we dove into Rumelt’s practical framework and it completely reset how we tackled strategy as a team.KEY LESSONSDiagnose, don’t guess. We spent time individually reflecting and then collectively diagnosing our core business challenge—rather than just listing random goals, we drilled down to the one issue holding us back.A strategy is a hypothesis. We treated our strategy as an experiment instead of a guarantee. This mindset (so familiar to us coming from agile software backgrounds!) lets us iterate, learn, and adapt much faster.Coherent actions aligned around guiding policy. Instead of a to-do list, we identified focused, coherent actions that all support our guiding policy—making it clear what to prioritize and what to (confidently) leave out.TIMESTAMPS00:00 Learn how Superware used Good Strategy/Bad Strategy to reset direction00:25 Introduction to Practice Leading and Neil Benson01:12 Kicking off a new financial year with strategic planning02:00 Major consulting win versus lack of product market fit02:51 Discovering Richard Rumelt’s Good Strategy/Bad Strategy framework03:31 Defining bad strategy and pitfalls to avoid04:21 Key elements of good strategy: Diagnosis, guiding policy, coherent actions05:03 Tangible example of guiding policy: The local grocery store06:00 Diagnosing Superwire’s biggest challenge using design thinking06:57 Dot voting and achieving team alignment on strategy07:50 Addressing industry focus concerns and building a strategic hypothesis08:49 Aligning team around coherent actions and a six-month strategy horizon09:28 Treating strategy as a living hypothesis, not a fixed plan10:12 Inviting listeners to share their strategy approaches and engage with Practice LeadingRESOURCESGood Strategy/Bad Strategy: The Difference and Why It Matters, Richard Rumelt👋 LET'S CONNECT🌐 Subscribe to Practice Leading newsletter for key lesson takeaways and special event invitations🟥 Subscribe on YouTube🟦 Follow on LinkedIn🟦 Neil Benson on LinkedIn🦋 Neil Benson on BlueSky🧪 PRACTICE LEADING LAB FOR EMERGING LEADERSApply to join Practice Leading Lab⭐ RATE AND REVIEW THE SHOWRate Practice Leading