Riordan will focus on maintaining the product line that already exists. However, most of this data is filed away and not easily accessible to the marketing department. Organizational managers must determine if the new business strategy will fit the current culture. Management will look at successes and failures within the organization and determine corrective actions to improve the organization. External factors to consider in helping with this plan would be political influences, legal factors, economic conditions, and geographic conditions.
By using the outlined performance measurement guidelines Riordan Manufacturing will be able to take its critical success factors and create strategic performance indicators that are relevant to the company. Yet despite implementing sophisticated organizational redesigns and collaboration technologies, improvements in performance are frequently disappointing. This provides individual employees the opportunity to work outside the organizational lines. Further, it is also important that the existing processes, systems and infrastructure should support the new strategic initiatives in the organization. The various assessment tools will be used to make Riordan an efficient and productive organization. Describe why Riordan needs a plan, and walk the audience through every step in the strategic management process. The business world is all about competition.
Satisfying the purpose of the strategic planning process for Riordan Manufacturing, the management team has taken into consideration the economic, legal, ethical and discretionary responsibilities. Review and Summary Riordan Manufacturing Company is in the field of fictile injection modeling. The main focus is to achieve and maintain reasonable profitability to assure that the financial and human capital is available for sustained growth. Riordan Manufacturing is a diverse organization that uses a centralized business structure that discourages effective decision making for lower management. Riordan is computerizing its sales and marketing systems to handle their customers efficiently.
Lean assessment tools evaluate the organizations production process, operations, shipping, purchasing and all support functions. They have chosen their mission statement wisely yet there is a lot of controversy when it comes to this International Company. In order to obtain these goals Riordan Manufacturing will need to have a strong production plan. Internal Dynamics — In the area of internal dynamics, Riordan could not go forward with the new changes to the company culture and job placement process. Retrieved from Apollo Group, Inc. Employees are happier and more motivated to work at companies that address these growing concerns. Scenario: The board of directors for Riordan Manufacturing has asked your team to create a strategic plan.
Things such as past experiences and the understanding of target markets will influence the effectiveness of doing business in different markets. Letting visitors to the site know their mission is also a good way of making the site and the company more appealing. Installation and training in new systems and procedures must be timed to occur over two quarters with quarter three as a backup plan. Environmental scanning observes, assesses, and distributes external and internal information to important personnel within the organization. They achieved by aligning the workforce with business objectives and by use performance metrics to drive decisions, monitor and improve results. Should the performance fall outside of the predetermined tolerance range, leadership will have the ability to take immediate corrective action. Qualitative research methods have common characteristics that distinguish them from quantitative methodology in education.
Riordan will set specific production and revenue goals for this differentiation. Riordan is committed to continual betterment and unfastened communicating. However, this concept will require employee training to ensure proper production standards across cultures. The Michigan location has a wholly owned license for a different type of software that is written for the needs of the company. There are two types of competitive advantage that a company can achieve relative to their competitors. Premium Essay by building long-term and sustainable relationships by executing the idea to treat different customers differently. Each level of manager is put in a position and the job is made to fit the candidate.
Responsibility Centers are another possibility open to Riordan in the need should arise. With the implementation of the differentiation strategy Riordan Manufacturing, Inc. In the functional structure the employees tend to be specialists in the business functions vital to that industry. In order for a company to remain competitive the management team must remain innovative, knowledgeable of the market, and open to new ideas. Key performance measures are essential for achieving the desired strategic outcome. If Riordan fails to make these corrections prior to implementation of the new strategic plan, the company could be at risk of losing market share, not having the ability of expanding globally, jeopardizing the relationship with stakeholders, and lose of profitability. If this does non go on.
This strategy can be accomplished by seamlessly integrating each Finance and Accounting department of each branch manufacturing plant and the corporate headquarters. Ethics is defined as a known moral standard of behavior by an individual or a group of individuals. Functional structure is commonly used in medium-sized organizations with several product lines in one industry. Companies cannot maintain business activities as the usual status quo if they desire to be profitable. Sorry, but copying text is forbidden on this website! It shows how performance transformation can be achieved through targeted efforts to align an organization's informal collaboration networks with strategic objectives.