Strategy
📺 Watch this episode on YouTube.
Dima and Slava talk about what strategy is and what strategy isn’t.
- From Wikipedia: Strategy is a general plan to achieve one or more long-term or overall goals under conditions of uncertainty.
- Dima’s characteristics of a strategy
- Multi-step plan, a “pattern of decisions”
- Built on a particular world view
- Aims at global (long-term) maximum
- Does not rely on competitors making favourable choices
- Requires agency and ability to execute
- Different flavours of strategy: business strategy, product strategy, etc
- Not every entity needs a strategy
Vision without execution is a daydream. Execution without vision is a nightmare.
