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Strategic Plan and Presentation

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Submitted By cherrydean24
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Riordan Manufacturer Strategic Plan
MGT/498
University of Phoenix
Professor James Powell
October 29, 2012
Mike Mohler, Kanosha Mitchell, DeUndra Askew, Skye Richey, Joseph Okakpu

Executive Summary
Riordan’s Plan
A fortified company is not known for its success in the short run or best time during a booming economy, but in actuality a fortified company is known for setting different plans in place during the hardest economic periods and still manages to remain profitable during this time. The plan that a company follows throughout with plenty room for upgrades or change is strategic planning. Riordan is company that has benefited from a strategic plan to keep the company goals at the forefront and maintain company values as the company matures and adapts to the ever changing competitive market. As a group, we will focus on explaining different aspects of strategic planning while explaining the need for a strategic plan, and defining the role of ethical and social responsibility for the company. The team will list the competitive advantages of Riordan Company and how constant innovation and sustainability affect domestic and international markets. The team will discuss the measurement guidelines to follow and determine strategy effectiveness, setting internal dynamics with consideration to cultural and structural leadership, influencing business continuity, and finally setting up a strong resolution team to deal with assessments and feedback to improve on the strategic plan of Riordan Company.

Environmental Scanning An environmental scan of an organization evaluates the internal and external factors of an organization that is concluded in a SWOT analysis of the organization. Riordan Manufacturing has number factors that determine the progress of the organization that are its strengths, weaknesses, opportunities, and threats to the organization. Internal factors

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