Brief summary of the strategic management process (i.e., environmental scanning, strategy formulation, strategy implementation, and evaluation and control).
Resources: Virtual Organization, Riordan Manufacturing, available through the Virtual Organizations Portal in the eCampus Library (select Riordan Manufacturing from the Business drop-down menu); and your W5 Learning Team Strategic Plan Paper.
Scenario: The board of directors for Riordan Manufacturing has asked your consulting team (i.e., your Learning Team) to present your strategic plan for the organization.
Prepare a convincing and comprehensive presentation of your team’s actionable strategic plan for Riordan Manufacturing, one that would take 20-30 minutes to deliver to the board of directors, including intentional and active board involvement. Being a roleplay, the presentation materials should reflect an appropriate level of business focus and professionalism.
Using Microsoft® PowerPoint®, create a 20-30 slide presentation as a collaborative project, that includes the following:
- An agenda for the presentation.
- A relevant overview of Riordan Manufacturing.
- A brief summary of the strategic management process (i.e., environmental scanning, strategy formulation, strategy implementation, and evaluation and control).
- An assertion regarding why Riordan Manufacturing needs a strategic plan.
- Using relevant specifics from your W5 Learning Team Strategic Plan Paper, address the following topics in the remainder of the presentation:
- Ethical and social responsibility considerations.
- Current competitive advantages.
- Proposed competitive strategies.
- Innovation and sustainability considerations for both domestic and international operations.
- Measurement guidelines to verify ongoing strategic effectiveness.
- Internal dynamic and resource considerations during strategy implementation.
- Long-term business continuity influences.
- Assessment and feedback considerations to determine if anticipated outcomes are being achieved.
- Possible alternative strategies if the strategic plan is not successful, including when they should be considered.