The document provides an overview of Riordan Manufacturing's strategic plan. It discusses conducting environmental scans and formulating, implementing, evaluating, and controlling strategies. The strategic plan focuses on improving innovation and sustainability through competitive advantages like vertical integration and differentiation. It emphasizes ethical and social responsibilities such as donating products, using recycled materials, and improving international working conditions. Strategies include vertical growth, differentiation, and low-cost leadership. The conclusion justifies the team's strategic plan choices using research.
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Mgt498 wk5 ltc_ppt Copyright 2013 Edward F. T. Charfauros. Reference, www.YourBlogorResume.net.
1. Overview
⢠Introduction
⢠About Riordan
⢠Environmental Scanning, Strategy Formulation, Strategy Implementation,
and Evaluation & Control
⢠Strategic plan for Riordan. Why itâs important?
⢠Role of ethical and social responsibility in Riordanâs strategic management
plan.
⢠Competitive advantages & strategies used to improve innovation and
sustainability.
â Domestic and International applications.
⢠Measurement guidelines to verify strategy effectiveness.
⢠Internal dynamics along with cultural and structural leadership.
â Influence on business continuity
⢠Assessment and Feedback Controls
⢠Altering the strategic plan: when and how?
⢠Conclusion
â Explain and Justify the teams decisions for the strategic plan chosen,
using research and understanding!
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
â working conditions, benefits, and wages
3. Competitive Advantages
ďą 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
ďą International operations
⢠Build international manufacturing conditions
â work conditions, benefits, and wages
â Quality products, operational efficiencies, and profitability
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.
7. Conclusion
⢠Explain & Justify the decision made by the
team for the strategic plan chosen using
research and understanding!!
8. References
Apollo Group (2011). Virtual Organizations â Riordan Manufacturing Inc. Missions, History,
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