There’s lots of speculation about what President Obama will say in his jobs creation strategy speech to Congress on Thursday night. Will he be bold? Will he be meek? Will he seek compromise? Will he draw a line in the sand?
Perhaps the most important question is will he offer a viable strategy for creating jobs and reducing the unemployment rate? Lately, I’ve been reading a book that will help you and me answer that last question. It’s called Good Strategy Bad Strategy by UCLA business professor Richard Rumelt. Back in December 2008, Rumelt wrote in the McKinsey Quarterly that the great recession was not the typical downturn, but a structural break that would require difficult fundamental changes to get the economy back on track. Almost three years later, it looks like he called it.
Since one of the basic jobs of leadership is to define a strategy that can lead to success, Thursday’s speech provides an opportunity for an evaluative case study. In Good Strategy Bad Strategy, Rumelt says that there are three key elements that represent the kernel of any good strategy. Conversely, there are three signs of a bad strategy.
So, building on what Rumelt offers, here’s your viewer’s guide to whether the President is offering a good jobs strategy or a bad jobs strategy on Thursday night. (The guide just might help you in your next strategy conversation as well.)
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