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 you to create a strategic plan for the organization.
Create a 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:
- Why does Riordan need a strategic plan?
- What role should ethical and social responsibility considerations have in Riordan’s strategic management plan?
- What competitive advantages does Riordan have, and which competitive strategies should Riordan utilize to improve innovation and sustainability in both domestic and international applications?
- What measurement guidelines should be used to verify strategy effectiveness?
- What internal dynamics along with cultural and structural leadership considerations should be used in implementing business strategy for Riordan?
- How do they influence business continuity?
- What assessment and feedback controls should be used to determine the direction to take Riordan? If the strategy of Riordan does not go according to plan, at what point would you consider altering the strategic plan you have suggested?
I only need the questions answered that I have bolded; for these items/questions i have bolded i need at least a total of 625 words which include the introduction. Please include references and in-text citations. Please ask for any clarification you may need.