The Strategy Diamond is a powerful tool used by operations professionals to define, execute and analyze corporate strategies. It consists of four main components: Goals and Objectives, Internal Environment, External Environment, and Strategies. Goals and Objectives provide the focus and direction of a company's operations. The Internal and External Environment factors increase the company's awareness of the market and external factors. Strategies represent the general plans and approaches that guide the implementation of the operations. The Strategy Diamond allows a company to systematically identify, track, and analyze opportunities to ensure successful business operations.
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