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Podcast: Case Interview Preparation & Management Consulting | Strategy | Critical Thinking
Episode: 510: How to solve the crux (with Richard Rumelt)
Description: Welcome to an episode with Emeritus Professor at UCLA Anderson, Richard Rumelt. Get Richard's book here: https://amzn.to/3OrNfuK In this episode, Richard iterated the real meaning of strategy, which many companies today confuse with a list of their goals and ambitions. Strategy is problem-solving – a clever way of dealing with a challenge, opponent, or problem. It also involves selecting which battle you fight because you cannot fight them all. As a great strategist, you need to select battles that you can win. Richard also explained the crux or the biggest challenge that...