Strategy Diamond Template
Consider all the elements you need to create an integrated and powerful business strategy using our template for the Strategy Diamond Model.
About the Strategy Diamond Template
What is a strategy diamond?
A strategy diamond is a collection of the five elements forming a coherent business strategy. These five elements of strategy include Arenas, Differentiators, Vehicles, Staging, and Economic Logic. This model was developed by strategy researchers Donald Hambrick and James Fredrickson.
To achieve key objectives, every business must assemble a series of strategies. But what elements should you consider when building a strategy? How can you stay ahead of your competitors while also building your brand and bottom line? Using a strategy diamond provides a framework for covering all of these important elements of a strategic plan.
How do you use a strategy diamond?
Completing your own strategy diamond is easy. Miro’s visual collaboration platform is the perfect canvas to create and share this integrated strategy model. Get started by selecting this strategy diamond template.
An effective strategy contains these key elements: Arenas, Differentiators, Vehicles, Staging, and Economic Logic. It’s important to consider each of the five elements in the strategy diamond model below because they are all interrelated and mutually reinforcing.
Arenas: What do we plan to achieve? What is the nature of our products, services, distribution channels, and market segments? What geographic areas do we plan to expand into? What technologies will we use?
Differentiators: What sets us apart from our competition? Is it an image, price, product dependability, and how quickly we get our product to the marketplace? How will we win the marketplace?
Vehicles: How will we get there? Will we get there through strategic alliances? Development? Licensing?
Staging: How will we advance our product or positioning? How quickly will we move? In what order we will move forward?
Economic logic: How will we obtain our returns? Will this be achieved by lowering costs to give value for the price? Providing premium services for premium pricing?
What are the advantages of using a strategy diamond?
Most strategic plans focus on just one or two of these elements, creating gaps that might cause problems for your business later on. A strategy diamond can help you stay focused and ensure you’re fulfilling all of your business’s needs rather than one or two.
When to use the strategy diamond model
A strategy diamond is designed to help you consider the most important questions you’ll need to answer when your team defines your business strategy. Organizing the strategy as a whole – so that each part integrates with the others – helps you figure out your business’s goals and the best way to achieve them.
Discover more product strategy template examples to help you build your next big thing.
What is the purpose of the strategy diamond?
The Strategy Diamond Model was developed by strategy researchers, Donald Hambrick and James Fredrickson. This framework helps companies and teams assess all the interrelated aspects of forming a cohesive strategy.
What are the five elements of the strategy diamond?
The five elements of the Strategy Diamond Model include Arenas, Differentiators, Vehicles, Staging, and Economic Logic. These five aspects are related to choices that companies, businesses, and teams must make when defining and refining strategies.
Get started with this template right now.
Product Roadmap Template
Works best for:
Product Management, Roadmaps
Product roadmaps help communicate the vision and progress of what’s coming next for your product. It’s an important asset for aligning teams and valuable stakeholders – including executives, engineering, marketing, customer success, and sales – around your strategy and priorities. Product roadmapping can inform future project management, describe new features and product goals, and spell out the lifecycle of a new product. While product roadmaps are customizable, most contain information about the products you’re building, when you’re building them, and the people involved at each stage.
Data Org Chart
Works best for:
Org Charts, Operations, Mapping
The Data Org Chart template provides a visual representation of data-related roles and relationships within an organization. By mapping out data management responsibilities and dependencies, teams can enhance data governance and improve collaboration. With features for customizing data roles and connections, this template empowers teams to optimize data processes and ensure data integrity and compliance.
Work Plan Template
Works best for:
Mapping, Project Planning
A work plan is essentially a roadmap for a project. It articulates the steps you must take to achieve the desired goal, sets demonstrable objectives, and establishes measurable deliverables. An effective work plan guides you throughout the project lifecycle, allowing you to realize an outcome by collaborating with your team. Although work plans vary, they generally contain four core components: goals, strategy, tactics, and deliverables.
Fishbone RCA
Works best for:
Problem solving, Strategy
Use the Fishbone RCA template to conduct a thorough root cause analysis (RCA) for any problem. This template helps you break down complex issues into manageable categories, enabling you to identify the underlying causes. It's an effective tool for improving processes, solving problems, and preventing future issues.
5S Template
Works best for:
Strategy and Planning, Productivity
The 5S Template offers a systematic framework based on the renowned 5S methodology: Sort, Set in order, Shine, Standardize, and Sustain. Originally derived from Japanese manufacturing practices, this template provides clear directions to help teams optimize workspaces. A standout benefit of using this template is its capacity to drastically improve efficiency. Every resource and tool is positioned for maximum productivity by guiding users through decluttering and organizing, reducing time wastage, and enhancing overall workflow.
Agile Project Gantt Chart
Works best for:
Gantt Chart, Planning
Streamline your agile projects with the Agile Project Gantt Chart. This template combines the flexibility of agile methodology with the structure of Gantt charts, allowing you to plan sprints, track progress, and adjust timelines dynamically. Perfect for agile teams seeking to enhance their project management efficiency and deliver timely results.