Mgt498 wk5 ltc_ppt Copyright 2013 Edward F. T. Charfauros. Reference, .

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Overview Introduction About Riordan Environmental Scanning, Strategy Formulation, Strategy Implementation, and Evaluation & Control Strategic plan for Riordan. Why it’s important? Role of ethical and social responsibility in Riordan’s strategic management plan. Competitive advantages & strategies used to improve innovation and sustainability. Domestic and International applications. Measurement guidelines to verify strategy effectiveness. Internal dynamics along with cultural and structural leadership. Influence on business continuity Assessment and Feedback Controls Altering the strategic plan: when and how? Conclusion Explain and Justify the teams decisions for the strategic plan chosen, using research and understanding!

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Edward F. T. Charfauros, inspiring author, assists fellow students with their presentation for a successful grade. He also blogs upon his own inspiring blog, where you'll discover life changing stuff. Sign up for his blog by sending him an email~ Copyright 2013 Edward F. T. Charfauros. Reference, www.YourBlogorResume.net.

Transcript of Mgt498 wk5 ltc_ppt Copyright 2013 Edward F. T. Charfauros. Reference, .

Page 1: Mgt498 wk5 ltc_ppt Copyright 2013 Edward F. T. Charfauros. Reference, .

Overview• Introduction• About Riordan• Environmental Scanning, Strategy Formulation, Strategy Implementation, and

Evaluation & Control• Strategic plan for Riordan. Why it’s important?• Role of ethical and social responsibility in Riordan’s strategic management

plan.• Competitive advantages & strategies used to improve innovation and

sustainability.– Domestic and International applications.

• Measurement guidelines to verify strategy effectiveness.• Internal dynamics along with cultural and structural leadership.

– Influence on business continuity• Assessment and Feedback Controls• Altering the strategic plan: when and how?• Conclusion

– Explain and Justify the teams decisions for the strategic plan chosen, using research and understanding!

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Ethics & Social Responsibility

• Make the products a donation item (% of sale donation)

• Use recycled material to make products and use excesses trimming

• Use environmentally friendly disposal methods

• Bio-degradable plastics products

• Improve international – working conditions, benefits, and wages

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Competitive Advantages

Domestic operations• Innovators of the plastic industry with use of polymer• Very cheap plastic raw material to make the plastic

products• Taking over a suppliers operation (backward integration)• Recycle excess materials International operations• Build international manufacturing conditions

– work conditions, benefits, and wages – Quality products, operational efficiencies, and profitability

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Strategies

• Vertical growth strategy- backward integration (Polymer Supplier)

• Differentiation- add a unique feature of a product or service that set apart from the competition (Polymer)

• Low-cost leadership- The over operation of the product at a low cost throughout the manufacturing processes.

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• About

• History

• Founder

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Conclusion

• Explain & Justify the decision made by the team for the strategic plan chosen using research and understanding!!

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ReferencesApollo Group (2011). Virtual Organizations – Riordan Manufacturing Inc. Missions, History,

Sales & Marketing, Finance & Accounting. Retrieved on October 25, 2012, fromhttp://ecampus.phoenix.edu/secure/aapd/CIST/VOP/Business/Riordan/index.asp

Blodgett, Mark. Journal of Business Ethics. Mar2011, Vol. 99, p39-48. 10p. 1 Diagram, 3Charts, 4 Graphs. DOI: 10.1007/s10551-011-1165-6.

Carpenter, M. A., & Sanders, W. G. (2009). Strategic management: A dynamic perspective concepts and cases. (2nd Ed.). Upper Saddle River, NJ: Pearson/Prentice Hall.

Franks, Rita A.; Spalding Jr., Albert D. “Business Education & Accreditation.” 2013, Vol. 5Issue 1, pg. 17-30.

Gökmen, Aytaç; Öztürk, A. Turan. “International Journal of Business Administration.”Sep2012, Vol. 3 Issue 5, p82-88. 7p. DOI: 10.5430/ijba.v3n5p82.

Schaubroeck, John M.; Hannah, Sean T.; Avolio, Bruce J.; Kozlowski, Steve W.; Lord, RobertG.; Trevinno, Linda K.; Dimotakis, Nikolaos; Peng, Ann C. Academy of ManagementJournal. Oct2012, Vol. 55 Issue 5, p1053, 1078. Pg.1 Diagram, 9 Charts, 4 Graphs. DOI:10.5465/amj.2011.0064.

Singh, Pramendra Kumar. The International Management Review. Dec2012, Vol. 8 Issue 2,Pg.19-26.

Stevenson, Barry W. Emergence: Complexity & Organization. 2012, Vol. 14 Issue 2, pg. 69-85.17p. 1 Illustration.

Wheelen, T. L., & Hunger, J. D. (2010). Concepts in strategic management and business policy: Achieving sustainability (12th ed.). Upper Saddle River, NJ: Pearson/Prentice Hall.