One of the things I like to say is that you have to qualify for strategy.
Small companies usually die of incompetent operations, not lack of strategy, so you don’t get the luxury of thinking about strategy if you can’t execute.
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Agree, with one nit - Isn't a fundamental aspect of strategy deciding what *not* to do. Meaning that strategy dictates which customers & features you focus on (your niche).
Don't you think that doing this incorrectly kills a lot of small companies, regardless of execution?
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Aye, though I'm not sure about 'kills a LOT of small companies'.
For a more nuanced understanding, take a look at this list of things that are table stakes: permanentequity.com/writings/table
(And think about the many, many ways things can go wrong).
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That was a really interesting read, thanks. I hadn't expected that operations would include "Do you have a prioritized list of what you want to do next?" which is basically what I was getting at re: strategy