We will evaluate the role that Total Quality Management has at the strategic level; including the mission, goals of the organization and the organizational objectives. In addition to that, the team will look at and develop a long term strategy for globalization for Ordain Manufacturing.
Get Full Essay Get access to this section to get all help you need with your essay and educational issues. Over time, many organizations have used strategic management concepts developing them overtime and using them successfully.
As a team, we will center on explaining various aspects of strategic planning and the need for one and defining the ethical and discretionary responsibility which are known as social responsibilities for the company.
Environmental scanning observes, assesses, and distributes external and internal information to important personnel within the organization. These strategic factors will determine the future outcome of the organization.
The easiest way to analyze environmental scanning is by determining the strengths, weaknesses, opportunities, and threats known as SWOT. Those variables outside the external environment of an organization consist of opportunities and threats while the inside variables consist of strengths and weaknesses in the internal environment.
The strategy formulation is long range plans developed to manage the environmental outside variables effectively. Included in the plans are the organization mission, objectives, strategies and policies. External factors to consider in helping with this plan would be political influences, legal factors, economic conditions, and geographic conditions.
With Riordan Manufacturing utilizing SWOT as a tool to help determine their strengths and weaknesses, this will be beneficial in meeting their company mission and objectives. Different programs are needed to accomplish the plan, and the cost of the program is also implemented in this process.
There must be a sequence of how the procedures will be implemented. In this process, the organization will experience changes in the management system and its structure. Throughout the implementation phase, Riordan must concentration on information flow, control systems and risk management.
Management is a big part of the implementation phase because of its complex process. Why a Strategic Plan? A strategic management plan will keep Riordan Manufacturing vision, goals and objectives at the forefront while remaining competitive in the ever changing market of the plastic industry, and maintaining the company values.
Riordan needs a strategic plan for their corporation to be globally on top in the industry of manufacturing plastic in injection molding using modern design to continue providing innovative plastic products to customers worldwide. In order for Riordan to accomplish their strategic plans, they must focus on long-term performance and sustainability through economic hard times by remaining profitable.
Managing long-term successes for a corporation is more difficult than short term goals which can be more attainable and uncomplicated. As the world markets continue to evolve constantly, companies must have plans in place to accommodate the changing environment.
Riordan Strategic Plan MGT/ April 29, Riordan Strategic Plan Strategic planning is the process of developing strategies for a business to achieve the greatest success possible with the best information currently available. Mgt Final Paper Riordan Manufacturing Strategic Plan Present a completed strategic plan to the board of directors for Riordan Manufacturing. Outline your strategic plan for Riordan Virtual Organization in a to slide presentation using Microsoft PowerPoint. Riordan Manufacturing Strategic Plan 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.
Companies cannot maintain business activities as the usual status quo if they desire to be profitable. Managers should be ready to implement change that is consistent with Riordan mission and objectives.
Ethics is defined as a known moral standard of behavior by an individual or a group of individuals. Riordan can create a positive impact addressing cultural, economic, and social issues that are acceptable within the organization and that which is unacceptable behavior.
They would need to consider the effects environmental pollution in using plastic and air pollution created by manufacturing facilities. Riordan ethical and social role affects stakeholders, employees, customers and its local and international communities as a whole. If these partners are satisfied with Riordan ethical and social plans for the company, they will continue to have a successful business.
Competitive Advantages and Competitive Strategies Riordan does have several competitive advantages over the competition the first being that they provide a wide variety of products, the first being heart valves and stents for medical procedures.
Riordan is also a leading developer in fan cooling systems and the latest technology in plastics and polymers. Riordan is also an industry leader in innovation and design. Riordan is a developer of new and innovative cooling systems for computers as well as utilizing the latest technology in plastic injection molding.
Another advantage that Riordan has is that they are an American company. The majority of their products are made in the United States, which can make them very appealing to consumers and companies that wish to promote the U. There are two types of competitive advantage that a company can achieve relative to their competitors.SAMPLE STRATEGIC BUSINESS PLAN caninariojana.com Company Objectives and Strategies Business Objectives Page 23 Business Strategies Page 23 Competitive Advantages Page 3 Business Overview caninariojana.com, Inc.
will create the first . View Notes - MGT Week 3 Learning Team Strategic Business Plan Outline from MGT at Philadelphia College of Osteopathic Medicine. Running head: RIORDAN MANUFACTURING Riordan Manufacturing. Riordan Manufacturing Strategic Plan 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. Transcript of Riordan Manufacturing Strategic Plan. Mission Vision Strategic plan BUS/ Joseph Behill Outline Company Overview SWOTT Scorecard Strategic Plan Company Overview Riordan Manufacturing design's and manufactures a variety of plastics including bottles, containers, and fan parts.
Riordan Manufacturing Strategic Plan University of Phoenix Strategic Management MGT/ Riordan Manufacturing Strategic Plan A world renowned plastics manufacturer employing nearly workers worldwide, Riordan Manufacturing Co. a leader in the industry of plastic injection molding, has more than $1 billion in revenue.
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