Environmental Scan Paper MGT/498 December 10, 2014 Dr. Pamela Linden Environmental Scan Paper Environmental scanning plays a critical role in the strategic management planning process. The environmental scan provides important information, which may be useful in forecasting changes for the future. Environmental scanning is, “the monitoring, evaluation, and dissemination of information from the external and internal environments to key people within the organization.” (Wheelen and Hunger
Words: 1497 - Pages: 6
Environmental Scan Paper MGT 498 Environmental Scan All businesses regardless of their particular industry will be faced with the challenges of dealing with different environments. A couple of companies that will be discussed throughout this paper are Apple, Inc. (Apple) and Dell, Inc. (Dell). Both are successful technological companies. Operating in the technology field they pay a great deal of attention to technological factors and trends in the industry. Their internal and external environments
Words: 1850 - Pages: 8
Strategic Plan for Riordan Manufacturing Team B MGT/498 November 20, 2013 Strategic Plan for Riordan Manufacturing Riordan Manufacturing is an industry leading organization in plastic injection molding. The organization products includes beverage containers, customer plastic parts, from computer fans to room fans to medical devices such as heart values and stents, to custom designs for the customer needs. Riordan services leading industries such as hospitals, aircrafts manufactures
Words: 2097 - Pages: 9
Riordan Strategic Plan MGT/498 University of Phoenix Dr. Sam Espiritu, DBA Riordan Strategic Plan Strategic Plan Riordan Manufacturing Inc. is a corporation that makes plastic custom fitted products for the government aircrafts, automobile industries and currently expanding into the medical fields its need to develop and execute a strategic plan to ensure long term performance and stability in the plastics manufacturing market. Riordan is a successful company and as of 2000 has expanded
Words: 2661 - Pages: 11
Strategic Plan: Riordan Manufacturing MGT/498 October 2013 Riordan Manufacturing Strategic Plan Why is strategic management necessary? Strategic management, and business policies are essential for organizations to gain competitive advantage within their respective markets. Organizations like Riordan Manufacturing implement policies, and procedures to provide structure, and standardize operations in efforts to maintain proper control of production, inventory, and logistics. Developing a strategic
Words: 2052 - Pages: 9
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
Words: 2514 - Pages: 11
Riordan Manufacturing Strategic Plan MGT/498 Riordan Manufacturing Strategic Plan Strategic managers have responsibility to both the employees and stakeholders of the organization. Engaging in strategic management decisions should include ethics and social responsibilities. The expectation of such responsibilities from stakeholders is to fulfill legal and ethical economic decisions. Satisfying the purpose of the strategic planning process for Riordan Manufacturing, the management
Words: 2653 - Pages: 11
MGT/498 Final Examination Study Guide This study guide will prepare you for the Final Examination you will complete in the final week. It contains practice questions, which are related to each week’s objectives. In addition, refer to each week’s readings and your student guide as study references for the Final Examination. Week One: Strategic Overview, Ethics, and Legal Environment Objective: Indicate why a strategic management process is needed. 1. Research of the planning practices
Words: 1634 - Pages: 7
Strategic Plan: Riordan Kevin Music, John Beard, Paul Brown, Elza Milivic MGT/498 November 11th, 2013 John Hawes University of Phoenix Strategic Plan: Riordan A strategic plan is an important part of every company that helps to keep each department focused and to ensure long-term success. Ethics and social responsibility play large roles in strategic planning because these concepts are part of the foundation for the strategy and the strategy has a long-term effect on
Words: 2892 - Pages: 12
Strategic Plan Matthew Metzger, Rhonda Calhoun, Mary Hess, and Dorenda Smith MGT/498 June 11, 2015 Mrs. Forsberg Strategic Plan Riordan has some competitive advantages in common with the companies researched last week. Those advantages are: long term relationships with customers and suppliers, and its global and international presence. Since Riordan opened its doors in 1991 it has obtained and retained business relationships with automotive parts manufacturers, aircraft manufacturers, the
Words: 2503 - Pages: 11
