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


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Copyright 2013 Edward F. T. Charfauros. Reference,

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

  1. 1. 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!
  2. 2. 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
  3. 3. 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
  4. 4. 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.
  5. 5. • About • History • Founder
  6. 6. Conclusion • Explain & Justify the decision made by the team for the strategic plan chosen using research and understanding!!
  7. 7. References Apollo Group (2011). Virtual Organizations – Riordan Manufacturing Inc. Missions, History, Sales & Marketing, Finance & Accounting. Retrieved on October 25, 2012, from Blodgett, Mark. Journal of Business Ethics. Mar2011, Vol. 99, p39-48. 10p. 1 Diagram, 3 Charts, 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. 5 Issue 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, Robert G.; Trevinno, Linda K.; Dimotakis, Nikolaos; Peng, Ann C. Academy of Management Journal. 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.