Formulating Organizational And Personal Strategy With The Strategy Diamond In The Text And Develop Your Own Strategy Diamond
Assignment Question:
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Learning Journal Unit 5
Part 1: This week, the journal will focus on your personal growth and development strategy. Review section 5.7, Formulating Organizational and Personal Strategy with the Strategy Diamond in the text and develop your own Strategy Diamond. Include the final list of your personal goals and objectives as well as the work you did to arrive at them.
Part 1 should be a minimum of 300 words.
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Assignment Answer:
Part 1
A Strategy Diamond is an efficient model for measuring and communicating the effectiveness of a strategy.
It comprises of 5 parts and each of them answers a question:
"Arenas: Where will we be active and with what emphasis
Staging: What should be our speed and sequence of moves
Differentiators: How will we win?
Vehicles: How will we get there
Economic Logic: How will returns be obtained?"
(Carpenter, M., Bauer, T., & Erdogan, B. (2010). Management Principles 1.1, Chapter 5)
A Strategy Diamond for a company is not the same for a Strategy Diamond for a Person or Individual.
However, I would proceed to create a Personal Strategy Diamond. They each ask a slightly different question and I will be exploring them all.
Personal Arenas and Differentiators:
The kind of work I'll like to do (which I'm already doing) is to write books under my own publishing company.
I want to be the most popular inspirational & motivational fiction and non-fiction writer on Earth.
That would mean writing a lot, picking the right subject matters to write about, constantly improving & upgrading my writing skills, and learning and applying everything that every great writer before me has done to advance their career.
Personal Vehicles:
What I need to accomplish on my own is building up my skills as a writer to write a lot of great books that would make me the most popular inspirational & motivational writer in the world. That has to be done by my own merits.
What I need to accomplish with others is to set up the right team to build up the best book publishing company in the world.
Especially, in a world where things seem to be always changing and one not only has to keep up with all the changes happening but also look ahead and try to create the future; thereby creating the change.
The book publishing industry was once about print books. Then things changed and everything is now largely online.
Things are still changing and it looks like things are going in the direction of audiobooks.
A good team is needed to run a successful book publishing company that will keep up with this changes and create changes as well.
Personal Staging and Pacing:
The sequence of events that my strategy requires is:
- Writing books
- Learning all I can about how to run a successful company. Which getting a business degree from a good university like the one I am now in is one of the good ways to do that.
However, also reading other business books since I'm not waiting till the end of four years when I graduate to begin to run my company properly.
- Funding the company with money from the sales of the books.
Personal Economic Logic:
The sustainability of the economic logic of my strategy quite simple.
It is cost-effective and as long as books sell there is profit.
List Of My Personal Goals & Objectives, as well as the work you did to arrive at them:
- Write a Children's book on a frequent basis:
To do this, I gathered and read a lot of material about writing children's books and developed a formula that works as sort of a template for me to actually begin writing and at the end of the day have a good children's story.
- Write a Motivational book on a frequent basis:
To do this, I read a lot and listen a lot to the best motivational and inspirational teachers in the world.
I also spend a lot of time studying the best inspirational book ever written which has an inexhaustible treasure of inspiration and motivation: The Bible.
It is the source of over 90% of all the principles a motivational and inspirational books.
There is hardly a theme in a motivational or inspirational book that doesn't have a Bible verse that says exactly the same thing; perhaps even much better. No matter the belief system of the writer of the motivational or inspirational book.
I also use TTS (Text-To-Speech) software to convert my words into written text so I don't have to spend time writing or typing words.
I write inspirational and motivational books at the speed of my talking.
- Get a degree in business:
To do this I enrolled in University Of The People and I am currently in the process of getting it getting a degree.
Part 2
I feel quite good with the feedback I received last week.
It was honest and I'm pleased with it.
I must admit it is easy for me to feel that way since majority of the scores that I've been getting have all been favorable.
One the rare occasion I was scored lower than what I feel I should have gotten, I don't let it bother me. I just believe everything will turn out right in the end.
The feedback that I gave last week was fair. I followed the scoring guidelines to the teeth.
My strategy is to assess those who have actually written well. If I come across something that is not well written and it means I have to give the student a low score, I will look for another article to read and when I find one that is well written; I rate and comment on it.
That way I don't have to give a student a low score and I don't have to lie about the quality of a student's work.
I worry that if I rate and comment on a student's work that is poorly written, they may feel obliged to return the favour.
This week however I plan to make some improvements by not restricting myself to intentionally commenting and rating only students who write great content, but courageously allowing myself to rate and comment on student's posts whose content is poor; but only if it must be done.
References:
Carpenter, M., Bauer, T., & Erdogan, B. (2010). Management Principles 1.1.