Applying strategy diamond to personal growth

The strategy diamond, as depicted in Figure 5.21 of the Management Principles text, provides a

framework for developing a comprehensive strategy. It consists of five key elements:

1. Arenas

2. Differentiators

3. Vehicles

4. Staging and Pacing

5. Economic Logic

Outline

Field Content

To provide fashionable and quality outfits to customers who love fashion

Personal Mission
and see fashion as art.

Personal Vision Be a founder of a unique and fashionable clothing brand

1. Attract the local people to have interest in fashion

2. Produce unique clothing style

Strategies
3. Offer affordable price for local customers.

Goals and Objectives 1. Be an interesting and unique clothing brand in local market within 5
 Field Content

years

2. Able to provide better quality products with low price

3. Increase a proper amount of profits

4. Improve employees’ skills

Discussion

Arenas: I want to be a successful fashion designer and own a unique clothing brand. I am a very

creative person and I love wearing fashionable clothes and have interest in luxury brands since I

was a teenager. I would like to make people look fashionable with the clothes I made. This is the

type of work that I truly enjoy. In the future, I want to own a successful clothing brand. I like

drawing fashion illustration and try to improve my skills by learning tutorial videos from

YouTube. I think that the best choice in my situation is living in a fashion city like Paris and

traveling around Europe to learn more about fashion.

Differentiators: I need to improve my sewing skills and improve knowledge and connection in

fashion industry. For this, I have to think creatively and build my financial background strong.

Before I start my own clothing brand, I firstly need to find money to invest. And also I need to

work as an intern in a local clothing company to know how they operate and to have experience
clothing business. I want to be more proficient in sewing and pattern drawing. This will help me

to get an intern position in a local clothing brand. Being creative and unique are core values in

fashion industry. I also need improve them.

Vehicles: I need to explore the various strategy and I will utilize to progress towards my goals.

I need to manage my time more efficiently to be able to learn everything I need to know about

clothing business. I also need to be a self-directed learner and take ownership of my studies. But

firstly, I need hold a bachelor degree. In my country, it is hard to get a job without a bachelor

degree. That is why I join this Business program at University of the People. University of the

People will give me the opportunity to gain management skills that I need to plan and organize

my own clothing business in the future. After completing my business, I still need to achieve a

certificate related to fashion and designing. I also need to gain more experience and create a

good and professional portfolio to be able to join a fashion company in the future. I also need to

embrace teamwork. I can’t do it alone to build a successful clothing brand

With the help of others, I can gain connections and engage more customers.

Staging and Pacing: I need to plan the stages and pace at which I will pursue my personal

growth, considering both short-term and long-term objectives. My deadlines to accomplish my

goals can be flexible. However, I should not count on it and change the deadline only if it is

really unavoidable. I need to study more about fashion and color methods to be able to create

outfits not only fashionable also catchy in people’s eyes. There are many helpful online courses.

But I prefer to learn on campus. It may take more than 5 months to be proficient in color

combination of clothes. I will spend another 5 months to be proficient in pattern drawing. After a
year of learning about color and pattern drawing, I will work as an intern in local clothing

company for 1 year to gain experience in clothing business. I also need to save money within

those two years to invest in my own business. After that, I believe I can start my clothing brand.

To be a remarkable clothing brand in the local market, I probably might need another 5 years.

Economic Logic: I need to evaluate the costs and benefits associated with my personal growth

strategies, ensuring that they are sustainable and viable.

I probably might need to face financial difficulties at the initiation of my business since I do not

have a strong financial background. However, it is worth to take risk for me. I have a strong

commitment to this business. The main reason I try to start this business is to show people what I

created. The profit is not my priority. However, money play a crucial role in business. Since I am

currently trying to complete this bachelor degree, I can find a proper job with attractive salary to

cover the basic costs for my clothing business. I think the economic logic of my strategy is most

dependent on the skills and experience.

 References

Carpenter, M., Bauer, T., & Erdogan, B. (2010). Management principles, v.

1.1. https://2012books.lardbucket.org/books/management-principles-v1.1/index.html.