In yesterday's blog post, I wrote about Marshall Goldsmith (PhD '77) being ranked seventh on Thinkers50's list of the world's best business thinkers. I also noted that Professor Richard Rumelt was "was shortlisted by the same group for the 2011 Thinkers50 Strategy Award and the 2011 Thinkers50 Book Award for his most recent book Good Strategy, Bad Strategy."
What I neglected to post was that Professor Rumelt was ranked #20 on the list of best business thinkers. Rumelt, who holds Anderson's Harry and Elsa Kunin Chair in Business and Society, is best known for his work on corporate strategy, his research has covered corporate diversification strategy and sustainable advantage, and more recently industry transitions and the evolution of complex industries.
Here is what Thinkers50 wrote about Rumelt:
"Rumelt has been described as the “strategist’s strategist.” He has authored or co-authored numerous business publications, including three books Strategy, Structure, and Economic Performance (1974), Fundamental Issues in Strategy (1994), and Good Strategy/Bad Strategy, (2011). In Good Strategy/Bad Strategy, Rumelt sets out to explain "the logic of good strategy and the sources of power that talented strategists have tapped." This includes a detailed discussion about competitive advantage, how to strengthen it, how to exploit inertia, and riding waves of change. It also provides an insight into what constitutes bad strategy."
Congrats to Professor Rumelt for the recognition -- and, yes, we should have had this up yesterday.