The Strategy Diamond - Essay Example

Arena as part of the strategy seeks to enable managers or consultants make decisions on the areas which business is to be active. It helps in evaluating and analyzing kind of products or services alongside their distribution to the market. However, before the market as the destination, arena provides a clear picture of the target audience a company intends to reach out to. If the market segment is wide then it devices various segment either geographically or incorporating other factors in the analysis.

On the other hand, vehicles elaborate the drivers that the company will use to achieve its objectives. This can be through internal development where every department of the business or the company is mandated to achieve various goals. In other cases, it can be through alliances with other companies or acquisition of other firms and joint venturing among other techniques. All the techniques employed at this facet provide means which are to be used to realize the anticipated success. However, the business field has become so competitive that those companies that can’t shape up more often than not are compelled to shape out.

An ideal way for a company to compete favorably or have an age over its rivals is by branding its product or services in a way that makes its customers loyal. This is provided in the differentiator part of the strategy diamond. Differentiator can be how convenient is the company or its product is to the clients that make them prefer them to those offered by other firms.