Part 1:This week, the journal will focus on your personal growth and development strategy. Review section 5.7,FormulatingOrganizational and Personal Strategy with the Strategy Diamondin 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 2:Also, we want to check in with peer assessment. In class and in the world of business, your communication and feedback skills are important to develop.How do you feel about the feedback you received? What about the feedback you gave?How will you improve the feedback you give this ?

Arenas: Where will we be active (and with how much emphasis)? . Which product categories? . Which channels? . Which market segments? . Which geographic areas? . Which core technologies? . Which value-creation stages? Arenas Staging: What will be our speed and sequence of moves? Speed of expansion? Sequence of initiatives? Vehicles: How will we get there? . Internal development Staging Economic Vehicles . Joint ventures Logic . Licensing/franchising? . Alliances? . Acquisitions? Economic logic: How will Differentiators returns be obtained? + Differentiations: How will we win? . Lowest costs through scale . Image? advantages? . Customization? . Lowest costs through scope and . Price? replication advantages? . Styling? . Premium prices due to . Product reliability? unmatchable service? . Speed to market? . Premium prices due to proprietary product features