Learning Team week 5
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Learning Team week 5

Course Number: MGT 498, Spring 2012

College/University: University of Phoenix

Word Count: 883

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Learning Team Strategic Plan Paper and Presentation Resources: Riordan Virtual Organization, Concepts in Strategic Management and Business Policy, and Competitive Advantages Paper Scenario: 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...

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Team Strategic Learning Plan Paper and Presentation Resources: Riordan Virtual Organization, Concepts in Strategic Management and Business Policy, and Competitive Advantages Paper Scenario: 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. 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 Riordans 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? BECKY Guidelines for the verification of strategy effectiveness Strategy is a plan or action that is design to achieve the goal of the organisation. Strategy is like a road map that guide to execute the operations as according to the plan. It is important to check its effectiveness before implementation because the success of the organisation depends on how well the strategy is designed and implemented. It can be measured on various parameters Goals and objectives - First of all, it is important to check whether the goals and objectives are realistic and achievable through strategy. Performance It is very important to check the performance. Performance defines the true picture about the outcomes of the strategy. Cost and budget It is important to verify the effectiveness of the strategy in terms of cost and budget. Whether it is under the financial limits and budgets or not. Time deadlines - Another parameter is to check the time deadlines. Whether the strategy is achieving the targets of time limits or not. All these parameters help in defining the effectiveness of the strategy. What internal dynamics along with cultural and structural leadership considerations should be used in implementing business strategy for Riordan? What internal dynamics along with cultural and structural leadership considerations should be used in implementing business strategy for Riordan? Riordan is a Virtual business. Answer: In a virtual business along with structural leadership considerations and cultural consideration, more internal dynamics are required such as SWOT analysis, motivational level of the employees, the expected ways of prospering the business, the employee and customer satisfaction, the innovation of level the products and services, the scope of the business, the dedication of the employees etc. All these things work magically in the organization whether virtual or real. The marketing strategies, the company policies are the things which needs and extra inclusion along with all the above mentioned things. The strength, weakness analysis and the opportunity and threats analysis helps in identifying the key prospects of developing the business in various ways. Employee has always been the key of running a business. Their motivation, dedication and orientation help the company in prospering the business. Customer and employee satisfaction is the ultimate goal of the business. How do they influence business continuity? Riordan has distinguished criteria in four fields that define the organizations mission statement. First, the organization focus is to have abilities and attitudes that exceed industry values to provide resolutions for customers disputes and lead the business in Research and Development. Second, the mission for relationships of customer is to be a resolution for the client, innovation, maintain quality, and customer service at a reasonable cost. Maintenance Support and licenses require being current on whole systems to avoid conditions like as service contracts being stopped, expertise being destroyed to systems or attrition and hardware becoming disused. If these conditions occur, customer delivery and service is compromised. Third, to assure the long-term viability of the organization, the mission to the employees is to have a progressive and team oriented operating environment, in addition to continuing the employees supported and informed. Fourth, for the organizations future, maintaining growth and profitability is easy to attain if the other components of the mission are accomplished successfully. 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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