DQ
1. Why is it important for an organization to identify the areas it wishes to
measure before the implementation process begins? Provide an example of a
company that had clear measurement guidelines in place before implementing its
strategic plan. What would be the consequence if these clear measurement
guidelines had not been developed before the implementation?
DQ
2. Describe enterprise resource planning. How does enterprise resource planning
affect feedback and control in an organization’s strategy?
DQ
3. How would control processes and metrics differ between various types of
organizations? Include an example of control processes or metrics for each type
of organization in your answer.
Resources: Riordan Virtual
Organization, Concepts in Strategic Management and Business Policy, and Competitive
Advantages Paper
Scenario: The board of
directors for Riordan Manufacturing has asked your team to create a strategic
plan for the organization.
Create a 2,500- to
3,500-word strategic plan for Riordan Manufacturing starting from what you
learned in Week One and using a similar strategic management process as Concepts
in Strategic Management and Business Policy. You may
also use information from the team project you completed for Riordan
Manufacturing in Week Four to create the strategic plan.
Cover thoroughly the areas
of environmental scanning, strategy formulation, strategy implementation, and
evaluation and control.
Address the following
questions in your strategic plan:
· Why does Riordan need a strategic plan?
·What role should ethical and social responsibility considerations have
in Riordan’s strategic management plan?
· What competitive advantages does Riordan have, and which competitive
strategies should Riordan utilize to improve innovation and sustainability in
both domestic and international applications?
·
What measurement guidelines should be used to verify strategy
effectiveness?
· What internal dynamics along with cultural and structural leadership
considerations should be used in implementing business strategy for Riordan?
·
How do they influence business continuity?
· What assessment and feedback controls should be used to determine the
direction to take Riordan? If the strategy of Riordan does not go according to
plan, at what point would you consider altering the strategic plan you have
suggested?
Explain
and justify all of the decisions you have made for your strategic plan, using
research and understanding learned from the reading material.
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download the complete paper click MGT
498 Week 5 complete
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