Mgt498 wk5 ltc_ppt Copyright 2013 Edward F. T. Charfauros. Reference, .
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Transcript of 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!
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
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
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.
• About
• History
• Founder
Conclusion
• Explain & Justify the decision made by the team for the strategic plan chosen using research and understanding!!
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
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