Question

Which of the following is not a key component of strategy included as part of the strategy diamond?

1) Vision and Mission
2) Resources and Capabilities
3) External Environment
4) Organizational Structure

Answer 1

Organizational Structure is not a part of the strategy diamond, which includes Vision and Mission, Arenas, Differentiators, Vehicles, and Staging and Pacing as its key components.

Step-by-step explanation:

Among the options provided, Organizational Structure is not a key component of strategy included as part of the strategy diamond. The Strategy Diamond framework typically includes the following five elements:

• Vision and Mission - guiding principles and the purpose of the organization.
• Arenas - areas where the organization will be active.
• Differentiators - elements that enable the organization to stand out in the marketplace.
• Vehicles - means by which the organization will enter certain arenas and compete.
• Staging and Pacing - sequence and speed of strategic moves.

While Resources and Capabilities and External Environment are crucial in informing the strategy, they are not explicitly mentioned as parts of the diamond itself but are rather elements considered within the broader strategic planning process.