Learning Team week 5 - COMPETITIVE ADVANTAGES 1 Competitive...

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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 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 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? 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
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