The Diamond Model is a business strategy that was proposed by Michael Porter. It is an analytical tool that helps businesses to identify the unique value of their products and services. Diamond Model is a model that helps the managers of an organization to identify the unique value of their products and services. It also helps them to determine which products and services should be developed or not in order to sustain financial growth. The Diamond Model gives two types of benefits - tangible and intangible benefits. Tangible benefits are those that are based on physical objects - for example, if a company has a new product, it would give tangible benefits like increased revenue or increased customer satisfaction.