COMMERCE 4PA3 Chapter Notes - Chapter 3: Strategic Management
1 Feb 2021
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Document Summary
A high level road map for strategic analysis. Identifies the key variables that need to be considered in the analysis and it structures the critical relationships among them. Strategy is the critical linking variable in the model. Tells you what opportunities the business is pursuing in the environment and what resources, organizational capabilities, and management preferences are required for effective execution. Each variable in the diamond-e relates directly or indirectly to each of the others. The principle logic underlying the diamond-e framework is that of consistent, coherence, and alignment. Idea is that high internal consistency among the component variables in the diamond-e will lead to successful performance, while conflict or inconsistencies will lead to poor performance. Coherence means that the diamond-e framework is complete in and of inconsistencies will lead to poor performance. Coherence means that the diamond-e framework is complete in and of itself as well as being internally logical and consistent.
