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Copyright 2013 Edward F. T. Charfauros. Reference, www.YourBlogorResume.net.
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 it’s important?
• Role of ethical and social responsibility in Riordan’s strategic management
plan.
• Competitive advantages & strategies used to improve innovation and
sustainability.
– Domestic and International applications.
• Measurement guidelines to verify strategy effectiveness.
• Internal dynamics along with cultural and structural leadership.
– Influence on business continuity
• Assessment and Feedback Controls
• Altering the strategic plan: when and how?
• Conclusion
– 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
– working conditions, benefits, and wages
3. Competitive Advantages
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
International operations
• Build international manufacturing conditions
– work conditions, benefits, and wages
– 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 – Riordan Manufacturing Inc. Missions, History,
Sales & Marketing, Finance & Accounting. Retrieved on October 25, 2012, from
http://ecampus.phoenix.edu/secure/aapd/CIST/VOP/Business/Riordan/index.asp
Blodgett, Mark. Journal of Business Ethics. Mar2011, Vol. 99, p39-48. 10p. 1 Diagram, 3
Charts, 4 Graphs. DOI: 10.1007/s10551-011-1165-6.
Carpenter, M. A., & Sanders, W. G. (2009). Strategic management: A dynamic perspective concepts
and cases. (2nd Ed.). Upper Saddle River, NJ: Pearson/Prentice Hall.
Franks, Rita A.; Spalding Jr., Albert D. “Business Education & Accreditation.” 2013, Vol. 5
Issue 1, pg. 17-30.
Gökmen, Aytaç; Öztürk, A. Turan. “International Journal of Business Administration.”
Sep2012, Vol. 3 Issue 5, p82-88. 7p. DOI: 10.5430/ijba.v3n5p82.
Schaubroeck, John M.; Hannah, Sean T.; Avolio, Bruce J.; Kozlowski, Steve W.; Lord, Robert
G.; Trevinno, Linda K.; Dimotakis, Nikolaos; Peng, Ann C. Academy of Management
Journal. Oct2012, Vol. 55 Issue 5, p1053, 1078. Pg.1 Diagram, 9 Charts, 4 Graphs. DOI:
10.5465/amj.2011.0064.
Singh, Pramendra Kumar. The International Management Review. Dec2012, Vol. 8 Issue 2,
Pg.19-26.
Stevenson, Barry W. Emergence: Complexity & Organization. 2012, Vol. 14 Issue 2, pg. 69-85.
17p. 1 Illustration.
Wheelen, T. L., & Hunger, J. D. (2010). Concepts in strategic management and business policy:
Achieving sustainability (12th ed.). Upper Saddle River, NJ: Pearson/Prentice Hall.