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 3,000-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:
Explain and justify all of the decisions you have made for your strategic plan, using research and understanding learned from the reading material.
Research Requirements:
It is important that you include academic theory and principle that define the importance of the vision, mission statement and values. You must include academic research, company-specific research and demonstrate your understanding of how these academic principles apply specifically to your company. A minimum of five company, Riordan-specific and competitive advantage academic sources must be cited.
Format your paper consistent with APA guidelines. Your are expected to use Level 1 and Level 2 Headings. Level 3 Headings may be used at your discretion.