Diamond-E

Question 1

What do framework and business models do?

Answer 1

They teach you how to think. They guide you through the thinking necessary to arrive at the answer

Question 2

What does the Diamond-E model show?

Answer 2

It shows the strengths and weaknesses that come from within the organization (what you are capable of), as well as what you should do to in response to the environment

Question 3

What is the principle logic of the Diamond-E framework? Explain

Answer 3

Consistency and alignment

Question 4

Explain the concept of consistency with reference to the Diamond-E framework

Answer 4

When all the elements within the internal framework of the Diamond-E are consistent with each other in terms of values and goals, it leads to coherent performance within the company

Question 5

Explain the concept of alignment with reference to the Diamond-E framework

Answer 5

In order for an idea to work, the internal organization has to be aligned with the external environment. The company has to want to pursue the idea, and the idea has to fit with what the company sees within the environment at the time

Question 6

What are some valuable uses of Diamond-E?

Answer 6

1. Assess current strategy
2. Generate new strategic proposals
3. Evaluate strategic proposals

Question 7

What is the first step in implementing Diamond-E?

Answer 7

Deal with the links between strategy and environment. You can’t change the environment, so you need to develop a strategy that fits the environment. You also need to assess forces at work and their implications

Question 8

What is the second step in implementing Diamond-E?

Answer 8

Look at each of the internal factors and come up with a strategy that fits what you saw in the environment as well as the internal factors

Question 9

What are the four pieces of the internal organization (refer to Diamond-E)

Answer 9

Management preferences, organization, resources, and strategy

Question 10

How does management influence strategy?

Answer 10

The vision, mission, preferences, and biases of the business.The management will implement the strategy, so the strategy needs to fit with their preferences

Question 11

How does organization influence strategy?

Answer 11

How the company is organized in terms of culture (the unspoken rules and values), capabilities (skills), and structure (how work is organized in terms of function, product, geography, and customer demographic) will affect the strategy of the company

Question 12

How do resources influence strategy?

Answer 12

The kinds of resources (human, capital, and financial) will affect what strategies are feasible for the company

Question 13

What do the internal factors affect?

Answer 13

What strategies are feasible/possible

Question 14

What do the external factors affect?

Answer 14

What strategies will work in the environment

Question 15

How does environment influence strategy?

Answer 15

It influences what ideas/products will work and what customers will be willing to pay for

Question 16

How does strategy influence environment?

Answer 16

Every choice you make will influence will influence the business environment in terms of trends and competitors

Question 17

How does management preferences influence organization?

Answer 17

Management preferences affect how the company is organized: does it have a very strict hierarchy and information needs to go through all the proper channels (centralized), or is anyone able to implements their ideas more independently without needing the approval of the head office (decentralized)

Question 18

How does organization influence management preferences?

Answer 18

If the culture of the company is one where people are supportive and encouraging of cooperation and the sharing of ideas, managers will want to consult with their employees about strategies before making a final decision that could change/affect the company

Question 19

How does organization influence resources?

Answer 19

not sure

Question 20

How do resources influence organization?

Answer 20

not sure

Question 21

How do resources influence management preferences?

Answer 21

The amount of resources that are available to management can affect the amount of risk they are willing to take: if they are a well-established company with many resources, they company may be willing to try something new on a larger scale than a smaller company would

Question 22

How does management preferences influence resources?

Answer 22

Management preferences affect how much of each resource is allocated to different areas of the company, based on their goals and values