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The board of directors for Riordan Manufacturing has
asked your team to create a strategic plan for the organization.
Create a
2,500- to 3,500-word strategic plan for Riordan Manufacturing starting from
what you learned in Week One and using a similar strategic management process
as Concepts in Strategic Management and Business Policy by Wheelen and Hunger. You may
also use information from the team project you completed for Riordan
Manufacturing in Week Four to create the strategic plan.
Cover
thoroughly the areas of environmental scanning, strategy formulation, strategy
implementation, and evaluation and control.
Address the
following questions in your strategic plan:
·
Why does Riordan need a strategic plan?
·
What role should ethical and social
responsibility considerations have in Riordan’s strategic management plan?
·
What competitive advantages does Riordan
have, and which competitive strategies should Riordan utilize to improve
innovation and sustainability in both domestic and international applications?
·
What measurement guidelines should be
used to verify strategy effectiveness?
·
What internal dynamics along with
cultural and structural leadership considerations should be used in
implementing business strategy for Riordan?
·
How do they influence business
continuity?
·
What assessment and feedback controls
should be used to determine the direction to take Riordan? If the strategy of
Riordan does not go according to plan, at what point would you consider
altering the strategic plan you have suggested?
Explain and
justify all of the decisions you have made for your strategic plan, using
research and understanding learned from the reading material.
Format your
paper consistent with APA guidelines.
Present
a
completed strategic plan to the board of directors for Riordan Manufacturing.
Outline
your
strategic plan for Riordan Virtual Organization in a 20- to 30-slide
presentation using Microsoft® PowerPoint®.
Describe why
Riordan needs a plan, and walk the audience through every step in the strategic
management process.
Include
ethical
considerations, environmental scanning for competitive advantages, innovation
and sustainability considerations, measurement guidelines, internal dynamic and
resource considerations for strategy implementation, and what feedback
considerations Riordan should put into place to ensure the success of the
company.
Keep
your audience in mind and make your strategic plan convincing.
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