Strategy Diamond
Based on the Strategy Diamond framework developed by Hambrick and Fredrickson, this workshop provides a comprehensive approach to strategy formulation. Participants will learn how to develop coherent strategies with aligned elements that create competitive advantage.
Learning Outcomes
- Understand the five elements of the Strategy
- Diamond framework
- Develop coherent strategies with internal consistency
- Align operational capabilities with strategic positioning
- Evaluate strategic options using structured criteria
- Create implementation plans for strategy execution
Who Should Attend
- Senior executives and directors
- Strategic planning teams
- Business unit leaders
- Consultants and advisors
Workshop Outline
- Defining Strategic Arenas
- Market segment selection
- Geographic scope decisions
- Product/service portfolio choices
- Value chain positioning
- Vehicles and Differentiators
- Organic growth vs. partnerships/acquisitions
- Competitive differentiation approaches
- Sustainable advantage creation
- Staging and Economic Logic
- Implementation sequencing
- Resource allocation priorities
- Profit models and economic drivers
- Strategy Diamond Application
- Case studies and examples
- Strategy evaluation using the Diamond
- Refining strategy for coherence
