Premium Essay

Strategic Plan and Presentation

In: Business and Management

Submitted By cherrydean24
Words 2514
Pages 11
Riordan Manufacturer Strategic Plan
MGT/498
University of Phoenix
Professor James Powell
October 29, 2012
Mike Mohler, Kanosha Mitchell, DeUndra Askew, Skye Richey, Joseph Okakpu

Executive Summary
Riordan’s Plan
A fortified company is not known for its success in the short run or best time during a booming economy, but in actuality a fortified company is known for setting different plans in place during the hardest economic periods and still manages to remain profitable during this time. The plan that a company follows throughout with plenty room for upgrades or change is strategic planning. Riordan is company that has benefited from a strategic plan to keep the company goals at the forefront and maintain company values as the company matures and adapts to the ever changing competitive market. As a group, we will focus on explaining different aspects of strategic planning while explaining the need for a strategic plan, and defining the role of ethical and social responsibility for the company. The team will list the competitive advantages of Riordan Company and how constant innovation and sustainability affect domestic and international markets. The team will discuss the measurement guidelines to follow and determine strategy effectiveness, setting internal dynamics with consideration to cultural and structural leadership, influencing business continuity, and finally setting up a strong resolution team to deal with assessments and feedback to improve on the strategic plan of Riordan Company.

Environmental Scanning An environmental scan of an organization evaluates the internal and external factors of an organization that is concluded in a SWOT analysis of the organization. Riordan Manufacturing has number factors that determine the progress of the organization that are its strengths, weaknesses, opportunities, and threats to the organization. Internal factors…...

Similar Documents

Premium Essay

Strategic Plan

...Due to solid growth plans for the future, and evolving with continuous changes Starbucks Corporation has celebrated 40 years of success. Starbucks focuses on expanding to build a truly global consumer company “by harnessing a power portfolio of brands with a unique business model, combining a global retail footprint with a significant Consumer Products business, and leveraging direct customer engagement that drives growth across all channels globally” (Starbucks.com). Starbucks is constantly planning strategic initiatives on how to increase sales. According to Starbucks’ 2011 annual report, it has joined forces with popular companies in an effort to increase profit. Forming a relationship with well -known companies, such as Courtesy Products and Green Mountain Coffee Roasters will open the doors to other opportunities previously unavailable to Starbucks. Courtesy Products sells Tazo tea and provides other coffee services to hotels, which results in a logical working relationship with Starbucks. “The single-cup segment is already a $1.6 billion segment that represents a significant growth engine for the entire U.S. coffee category. We believe that over time we can generate K-Cup portion pack system sales in excess of $1 billion across all channels” (Starbucks.com). Starbucks and Courtesy Products plan on providing Starbucks products to 500,000 luxury and premium hotels in the United States by offering Starbucks coffee to the on-demand single cup brewing systems......

Words: 900 - Pages: 4

Free Essay

Strategic Plan

...Strategic Plan 2010–2015 Strategic Plan 2010–2015 Foreword This Strategic Plan covers a period when Hong Kong is likely to experience major changes arising largely from the rapid development in the Mainland, both in its economy and international status. Our emphasis in the Strategic Plan on globalisation is a considered response to these changes. We seek to provide our graduates with the best career opportunities by anticipating and training for the rapid changes that lie ahead. The Plan emphasises our commitment to excellence in research and professional education. We have strong professional schools and we take the leading professional schools in North America as models for our future development to nurture a new breed of professionals to excel and lead in our fast changing global environment. City University of Hong Kong is a vibrant university located at the centre of Hong Kong, one of the most dynamic and cosmopolitan cities in the world. The University prides itself on its close relations with the City. It has a strong sense of social awareness and of its responsibilities to the young people of Hong Kong in providing them with a strong foundation for their future endeavours. Complementing this close relationship with the City is the University’s global perspective and global connectivity reflected in both its educational and research activities. It has established itself as a leading international university and is well placed in all the international ranking...

Words: 11895 - Pages: 48

Premium Essay

Strategic Plan

...The Strategic Plan of your organization should contain the following: ORGANIZATIONAL ANALYSIS This section will present your identification of the firm's strengths and weaknesses, which emanate from your value chain and functional analyses. There is a maximum of five strengths and five weaknesses and your presentation of them should be prioritized. Exhibits are effective tools to provide strong support for each strength and weakness. Please be as specific as possible and quantify your analysis where appropriate. This section will provide the first part of the foundation for your identification of strategic issues and related recommendations through your analysis of the organization's core competencies, competitive advantages and organizational weaknesses. ENVIRONMENTAL ANALYSIS This section will present your identification of the major external threats and opportunities currently facing the organization. These will be generated from your analysis of the industry and general environmental factors in light of the organization's strengths and weaknesses. A maximum of five threats and five opportunities should be identified and should be presented in a prioritized order. Use power point exhibits to support your analysis, be specific and quantify your analysis where possible. This section will provide the second part of the foundation for your identification of a strategic issue and the formulation of related recommendations through your analysis of driving forces,......

Words: 328 - Pages: 2

Premium Essay

Strategic Plan

...Strategic Plan: Riordan Manufacturing MGT/498 October 2013 Riordan Manufacturing Strategic Plan Why is strategic management necessary? Strategic management, and business policies are essential for organizations to gain competitive advantage within their respective markets. Organizations like Riordan Manufacturing implement policies, and procedures to provide structure, and standardize operations in efforts to maintain proper control of production, inventory, and logistics. Developing a strategic plan focuses on the need for planning, roles of ethical and social responsibility, current competitive advantages, innovation, sustainability, internal dynamics, influence of business continuity, and assessment, and feedback. The following discussion details a strategic plan for Riordan Manufacturing. Topics include areas of environmental scanning, strategy formulation, strategy implementation, evaluation, and control. Riordan Manufacturing Effective Strategy Guidelines Riordan Manufacturing is focused on what really matters, the bottom-line performance and long-term healthy survival of its organization. Now that Riordan Manufacturing has implemented an effective competitive strategy it must evaluate and measure its performance. Measuring its performance is critical to the success of Riordan Manufacturing. By implementing an effective measurement guideline, it would help Riordan Manufacturing in tracking the progress against its goals and objectives; identify areas of......

Words: 2052 - Pages: 9

Premium Essay

Final Strategic Plan and Presentation

...Final Strategic Plan and Presentation University of Phoenix Integrated Business Topics BUS475 Final Strategic Plan and Presentation For the past year, Grace and Joy have gathered information to start up their group home. Information they have collected include strategic management and planning guidelines, writing the mission and vision statements, compiling a SWOT analysis, implementing a Balanced Scorecard (BSC) to track and measure their performances, and developing measures and objectives in the learning and growth perspective. This information is important to gather and understand when opening up a new business. This paper discusses the information collected for LYLA and the hypothesis of the finalization of LYLA. Importance of Strategic Planning and Management Introduction to LYLA Two friends, Grace and Joy, met at a church function. During this function, they were able to get to know each other and learned they had something in common. Both have been considering opening a foster care type home for young women. They began to meet once a week to discuss how they could start this program. After a few weeks, they named their organization LYLA, which stands for Loving Young Ladies into Adulthood. Group Home The main goal set for the group home, is to help young women, between 14-21 years of age, become self sufficient. After discussing plans with their church and the Department of Human Services, they realized there would be more to consider than......

Words: 6116 - Pages: 25

Premium Essay

It Strategic Plan

...H. Wayne Huizenga School of Business and Entrepreneurship Masters Programs ISM 5014 – Enterprise Information Systems IT Strategic Plan Part One: Background General Instructions: The background is the first part of the IT Strategic Plan document. It is an introduction for people who are strangers to the information systems organization. These outside readers need to be given the contextual information they need to fully comprehend the IT Strategic Plan. Basic Points: • Length of Part One: Write no less than two and no more than five double-spaced pages. Content should be clear and concise. • Narrative Form: Describe the background of the organization in narrative forms, which is more engaging for outside readers. • Fictional or Real The organization may be based on a real one or may be completely fictional. If you have ever considered a start-up, this is a great opportunity to put your ideas to paper! • Factual: The background description should include factual information about key aspects of the organization’s global environment, organizational structure, and IT values (see below for complete description and expectations). Content Will Include: Global Environment: In addition to the following items, include anything about the external environment that comes up in the strategic planning process. Such items can include, but are not limited to, competition or possible competition in the market, the......

Words: 2868 - Pages: 12

Premium Essay

Strategic Plan

...Strategic Plan Part 1 Business 475 September 23, 2014 Strategic Plan Part 1 Strategic Plan, Part 1: Conceptualizing a Business The information that will be provided in this paper will give information about a new type of restaurant in the industry, ME Cafe. ME Cafe with provide food for all walks of life. It will cater to specific needs, wants, and desires of each of their customers at an affordable price. The information within this document will cover the mission statements, vision statements, and the values in addition to how these steps will assist the company in determining their strategic direction. “ A strategic business plans assist companies in defining their mission and vision, helps them define their purpose and direction setting them apart from their competitors,” (Pearce & Robinson, 2009, “p” 57). Creating a sound mission and vision statement allows the consumer, employees, stockholders, and competitors to see where the company is presently, potential goals, and their plan to achieve their goal. Concept for ME Cafe ME café will provide natural, fresh and organic to a large variety of flavour’s and fillings, themed appetizers, sandwiches, wraps and other menu items specifically designed to meet each consumer’s needs, wants, and desires at an affordable price within the Food service industry. Our options will include gluten, egg, and dairy free, in addition to other special dietary needs. Business hours are 5 a.m. to 10 p.m. Tuesday through......

Words: 1386 - Pages: 6

Premium Essay

Final Project- Strategic Plan and Presentation

...Strategic Plan and Presentation STR/581 Strategic Plan and Presentation Contents Company Overview 2 Background 2 Company Structure 3 Environmental Scan 5 External Factors 5 Internal Factors 6 Strategies 7 Generic Strategies 7 Implementation 8 Company Overview Background KnowledgeNet Enterprises LLC is a business-to-business company that is currently based in Tempe, AZ. The company was formed in 2005 in Aberdeen, Washington in a small two bedroom home in hopes of providing businesses with affordable and high-end training for the Information Technology staff (D. Rottner, personal communication, 2014).Today, KnowledgeNet Enterprises LLC now serves over 6,000 companies world-wide. The company’s focus is to offer quality training that is backed by a customer service team that provides outstanding support to all of the company’s customers (KnowledgeNet, 2013). There are many different options of training available to the company’s customers that provide flexibility for the customers that have limited time to focus on training. The company offers instructor-led training live over the web so that customers get the classroom feel and interaction without having to be in the classroom. There are also recorded versions of all the live classes to provide flexibility for customers that cannot make it to the live class. KnowledgeNet Enterprises LLC also provides practice labs, exams, and full library of online books to assist with the training (KnowledgeNet,...

Words: 3172 - Pages: 13

Premium Essay

Strategic Plan

...STRATEGIC PLAN (20142019) School of Business and EconomicsMoi University The global business school of choice; excellent in education, research and innovation Submitted by: NAME: KIMANI ABRAHAM KAMAU REGISTRATION NUMBER: BBM/2614/12 COURSE: Business Policy& Strategy (BBM 472) INSTRUCTOR: DR. MUGAMBI 12/24/2013 Contents LIST OF FIGURES AND TABLES .................................................................................................................. 3 TABLES ................................................................................................................................................ 3 FIGURES .............................................................................................................................................. 3 EXECUTIVE SUMMARY ............................................................................................................................. 4 VISION..................................................................................................................................................... 5 MISSION .................................................................................................................................................. 5 CORE VALUES .......................................................................................................................................... 5 CHAPTER ONE ...............................................................................

Words: 6220 - Pages: 25

Free Essay

Strategic Plan and Presentation

...Strategic Choice and Evaluation Dolores VanHorn STR/581 10/07/2015 Tugtekin Gokaydin Strategic Choice and Evaluation Abstract The purpose of this evaluation is to bring focus to the strategic choice and evaluation process. There are levels of direction involved the strategic choices that a company makes and those methods can likely determine the success of a company well in advance. This evaluation will include the value disciplines that can benefit A Life After Community Living. The generic strategies that will implemented to support the overall goal of growth for the company and the grand strategy which will include insight into the trends of the market and the individuals served by A Life After Community Living. Researchers have found empirical data that supports that organizational views reflect the characteristics of senior management, (Geletkanycz, M. A., & Hambrick, D. C. (1997). Strategic Choice and Evaluation Choosing the ideal strategic direction is paramount for long lasting growth and revenue of Life After Community Living. The residential recovery community is extremely competitive, however there is a smaller market for service providers that can offer after care residential services for the masses. This company must analyze the trends of the community and the population that it serves to make strategic choices that have value for the stakeholders. A value discipline will be identified to set a proper......

Words: 976 - Pages: 4

Free Essay

Presentation Plans

...moment of heated emotion only to have decades of rising crime rates and no way for the average man to protect their families. 2 Scripted Audience Questions Question: As you've mentioned, "The Calloused actions of a few has sullied the reputation of the many and has demonized the gun owner and those who wish to carry to protect their families." Is there any evidence that massacres are occurring more frequently or are we just aware of them more because we live in a connected world? Answer: Studies provided the FBI as well as private institutions have shown that violent crimes involving are on the decline. Yes we are definitely in a more connected world and “Bad News” sells much better than good news does. Especially as mentioned in the presentation the media pushes agendas of those who wish to further shine a bad light on guns. Question: What evidence is there that, "Bans and heavy restrictions due to legislation on guns will cause crime rates increase."? How do we know that bans will increase crime rates? Answer: As shown here in the diagrams we have countries who have very strict gun laws who have seen a steady rise in their violent gun crimes since enacting heavy legislation against gun ownership. We wish to keep America away from that same road of destruction. As we allow more law abiding citizens to not only own guns but to carry them, the evidence is shown that the crime rate drops in those areas as criminals are deterred from acting against an armed person or......

Words: 1159 - Pages: 5

Free Essay

Str 581 Week 6 Individual Strategic Plan and Presentation

...STR 581 WEEK 6 INDIVIDUAL STRATEGIC PLAN AND PRESENTATION A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=str-581-week-6-individual-strategic-plan-and-presentation Visit Our website: http://hwsoloutions.com/ Product Description PRODUCT DESCRIPTION STR 581 Week 6 Individual Strategic Plan and Presentation, Allocation of resources the right way is advisable because there could be wastage of resources which are very important in Verizon wireless company. It is vital for the company to ensure that they have trusted employees who will not embezzle resources to their own benefit instead of the tasks assigned to them. The tasks and resources should be in par in terms of ensuring that the resources allocated to the project are enough to complete the whole task as per the plans. In case there is need for more resources, there should be a justification as to why they are needed as well as the justification as to why the allocated resources are not enough to complete the task as planned earlier. By so doing, the company will be able to save on cost of wasting resources anyhow as expensive as they are for the company. The company will also be able to taking caution of any employees who cannot be trusted in their work in terms of wasting resources. All the items needed for the project should be ready for usage whenever needed so as to ensure that the project does not delay due to lack of resources that need to be brought to the company or the project......

Words: 384 - Pages: 2

Free Essay

Strategic It Plan

...Heathwood Hardware, Inc. Strategic IT Plan Capella University January 19, 2016 TS5010 Table of Contents Introduction3 EIA Analysis3 Systems and Data Integration4 E-Commerce5 Enterprise Information Systems6 Security Issues7 Disaster Recovery Plan8 Transformation through Web-Based Technology7 Website Proposal13 Appendix A: Interface Design Evaluation15 Appendix B: Annotated Bibliography17 Abstract This IT strategic plan for Heathwood Hardware, Inc. (HHI) is intended to serve as a guide for coordinating an information-enabled enterprise. HHI must take advantage of IT and the internet to beat their competitors and with this plan there is a holistic approach to implementation. In an effort to change their business operations, this plan focuses on the business, technical, and architectural perspectives of IT implementation for this small organization. Introduction Small companies today must balance the push for information technology (IT) innovation with stable business strategies. Information technology is rapidly changing the business world, affecting how small companies market and distribute their products, as well as how their people operate. With that in mind, small companies like Heathwood Hardware, Inc. (HHI), must work to evaluate its existing infrastructure against the requirements. Currently, HHI’s IT infrastructure follows the typical scenario with silos of integration and knowledge. Critical functions such as accounting,......

Words: 4088 - Pages: 17

Free Essay

Strategic Plan

...Running head: STRATEGY PLAN Walgreen Pharmacy Brigida L. Diaz Jones International University Prof: Dr. Sue Raftery   Table of Contents Executive Summary…………………………………………………………………………........3 Walgreens Introduction...…………………………….……………………...............…………..4 Mission Statement…………………………….....………………………..………………………6 Walgreens Corporate Culture……………………………………………….………...…….…..7 Walgreens Stakeholders……………………………………………………………………….…8 Executive officer of Walgreens……………………………………….………………………….8 Walgreens Development Process………………………………………………………………...9 SWOT Analysis……………………………………….………………………………………….10 Goals ……………………………………………………………………………………………...15 Walgreens’s Implementation plan ………………………………………………………..........19 Walgreens’s Approval Strategies Plan:……………..………………………………….............20 References…………………………………………………………….…………………………..21 Appendices:……………………………………………………….…….….……………….…….23   An Executive Summary: With a variety of 70,000 health care service providers, Walgreen offers consumers and patients the support that reliefs them live a “well” life. Walgreen has more of 26,000 pharmacists at more than 7,500 stores across the country (Walgreen, 2011). The patients trust in Walgreen’s pharmacist in the moment, to take decisions. They provide information about health and wellness needs, and ensure they get their medication and immunizations in a timely and caring environment. At the same time, Walgreen is transforming and enhancing the......

Words: 4148 - Pages: 17

Premium Essay

Strategic Plan

...and five weaknesses and your presentation of them should be prioritized. Exhibits are effective tools to provide strong support for each strength and weakness. Please be as specific as possible and quantify your analysis where appropriate. This section will provide the first part of the foundation for your identification of strategic issues and related recommendations through your analysis of the organization's core competencies, competitive advantages and organizational weaknesses. ENVIRONMENTAL ANALYSIS This section will present your identification of the major external threats and opportunities currently facing the organization. These will be generated from your analysis of the industry and general environmental factors in light of the organization's strengths and weaknesses. A maximum of five threats and five opportunities should be identified and should be presented in a prioritized order. Use power point exhibits to support your analysis, be specific and quantify your analysis where possible. This section will provide the second part of the foundation for your identification of a strategic issue and the formulation of related recommendations through your analysis of driving forces, key success factors and industry attractiveness. STRATEGIC ISSUES AND RECOMMENDATIONS Identify and fully support and discuss the most important strategic issue facing your organization. It is extremely important that you clearly integrate the strategic issue with your analysis......

Words: 318 - Pages: 2