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A batch of the best highlights from what Felicity's read, .
Planning
**Planning** is an
• Internally-focused,
• Analytical approach
Focused on making the most of things *within* our control:
• Our People
• Time
• Resources
With the goal of optimizing for *efficiency*.
To produce some end result we think *should* achieve our internal goals.
Strategy
**Strategy**, on the other hand, is a
• Client-centric,
• Creative
• Problem-solving framework
Focused on making choices to influence something *out* of our control:
**Customer behavior**
With the goal of optimizing for *effectiveness*.
In ways that mean success both for *our clients*, as well as for *our business.*
Starting With Planning Is the Best Way to Sabotage Your Product – Do This Instead
Mike Goitein
I am describing a strategy as a design rather than as a plan or as a choice because I want to emphasize the issue of mutual adjustment. In design problems, where various elements must be arranged, adjusted, and coordinated, there can be sharply peaked gains to getting combinations right and sharp costs to getting them wrong. A good strategy coordinates policies across activities to focus the competitive punch.
Good Strategy/Bad Strategy
Richard Rumelt
Framework 1: The Strategy Triangle
Use this to quickly assess any strategic decision:
**Where to Play:**
- Which markets?
- Which customers?
- Which channels?
**How to Win:**
- What's our unique value?
- What capabilities do we need?
- What's our moat?
**Why Now:**
- Why is this the right timing?
- What's changed in the market?
- What enables us now?
How to Nail Your Product Strategy Interview
Aakash Gupta
...catch up on these, and many more highlights
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