7 lessons about strategy I learned while working at Facebook 🔑
Hello friends,
In today’s edition of Elliott Poppel’s Newsletter, we discuss 7 lessons about strategy I learned while working at Facebook.
7 lessons about strategy I learned while working at Facebook 🔑
True strategy is structured:
Diagnosis – assessing the challenge
Guiding Policy – defining the methodology
Action – steps to manifest the solution
Superficiality
Ambiguity is detrimental to strategic clarity.
Ensure your strategy is actionable, precise, and free of complexity.
Focus
Effective strategies prioritize decisiveness.
This means ensuring resources are optimally allocated for maximum impact.
Leverage
Successful strategy determines where minimal intervention can produce significant outcomes.
It’s about the careful application of resources for maximum results.
Design
Effective strategy respects the unique nature of each challenge (it doesn’t follow a template).
While benchmarking against others offers insights, strategies must be individually crafted.
Proximate objectives
Set immediate, achievable goals to create step-stones between current state and future ambition.
Build momentum to accomplish these objectives—but stay focused.
Inertia
A sophisticated strategy identifies such opposing forces.
Effective strategists disrupt or harness them to their advantage.
If you enjoyed this newsletter, you’ll love Richard Rumelt’s book “Good Strategy / Bad Strategy.”
It’s by far my favorite book on the subject.
Thank you for reading,
Elliott
👋 Hi, I’m Elliott, founder of General Collaboration, a Chrome Extension that helps you fly through apps like Notion, Figma, and Jira at 2x speed. Easily reply to all your comments from all your apps, all in one place.