diamond e resources and how they link to eachother

resources - management preferences

limited resources might make management favour something less ambitious or risky

management preferences - resources

management preferences may lead to resources being increased

resources - strategy

larger production capacity can help the company produce cheaply and pursue cost leadership

strategy - resources

choosing a cost leadership strategy may require more resources

resources - organization

skilled staff (human resources) help the company increase its capabilities

organization - resources

a culture that values learning encourages training

resources - environment

a company with strong financial resources is able to buy competition, changing industry rivalry

environment - resources

a worker shortage in the external environment makes it harder to get human resources

management preferences - organization

management that values innovation will reward new ideas

organization - management preferences

strong capabilities in innovation may make management more willing to take risks

management preferences - strategy

management with low risk tolerance may strategize to grow in familiar markets rather than take risks

strategy - management preferences

the demands and results of a strategy may reshape a management’s priority and objective

organization - strategy

the organization’s culture, capabilities, and structure determine which strategies it can execute effectively

strategy - organization

the chose strategy determines the culture, capabilities, and structure needed for successful execution

strategy - environment

strategy is the response to external factors

environment - strategy

external opportunities and threats are what decide which strategies are appropriate