Richard P. Rumelt

Richard P. Rumelt is an American professor and author in the field of strategic management. He has written several seminal books on the subject, including Strategy, Good Strategy, Bad Strategy, and The Essential Rumelt: Selections from Thirty Years of Writings on Strategy.

Rumelt earned his bachelor’s degree from the University of California, Berkeley, in 1967 and obtained his MA in Political Science in 1972 and his Ph.D. in Business Economics from Harvard University in 1975. He began his career teaching at Harvard, which included a position as acting director of the Harvard Business School’s Strategy program in 1975.

Since 1978, Rumelt has been a professor at the University of California, Los Angeles. He has also been a visiting professor at the Stanford Graduate School of Business and a visiting scholar at the Harvard Business School. In 2006, he was named a Distinguished Professor in Strategy at the UCLA Anderson School of Management. Rumelt’s experience in the corporate world includes working as an executive in a real estate investment firm, as a consultant on strategy to a range of firms, and as a director of BKF Capital Group.

Richard P. Rumelt has been widely recognized as one of the foremost authorities in the field of strategy. Through the years, he has been published in the Harvard Business Review, Sloan Management Review, and many other prestigious journals. He is also the author of a number of influential books on strategy and related topics.

His most influential and widely-read book is Strategy, first published in 1971 and revised in 1993. In this book, Rumelt examines the concept of strategy from several perspectives and develops a framework for analyzing and developing corporate strategy. He first introduces the concept of the “strategic prism” which systems five interrelated elements: objectives, situation analysis, the concept of competitive advantage, strategy portraits, and strategy evaluation. He then provides in-depth analysis of strategy development in different business environments and analyzes the strategies followed by successful businesses.

Good Strategy, Bad Strategy, first published in 2011 and revised in 2018, is another important work by Rumelt. In it Rumelt focuses on the development and implementation of good strategy and advises readers on how to create effective strategies. He discusses how to identify and assess options, consider how resources should be allocated, and consider the risks associated with executing a strategy. He also provides insight into how to shape an organization and its culture to enable successful strategy execution.

The Essential Rumelt: Selections from Thirty Years of Writings on Strategy, first published in 2012, collects and revisits various writings of Rumelt from different sources. It is an important work for anyone looking for guidance on the important concepts and models related to the development and implementation of good strategy. The Essential Rumelt also provides a collection of examples of how strategy has been applied successfully in different business contexts.

Richard P. Rumelt is a leading authority on the field of strategy. His seminal works – Strategy, Good Strategy, Bad Strategy, and The Essential Rumelt: Selections from Thirty Years of Writings on Strategy – provide valuable guidance to any organization looking to develop and implement effective strategic plans. With his vast experience in the corporate world and his extensive research, Rumelt has earned deserved recognition in the field of strategy.