strategic plan for Riordan Manufacturing

Create a 600- to 700-word strategic plan for Riordan Manufacturing.

Cover thoroughly the areas of environmental scanning, strategy formulation, strategy implementation, and evaluation and control.

Address the following questions in your strategic 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?

Outline your strategic plan for Riordan Virtual Organization(ONLY THE TWO BULLETS ABOVE) in a 5- to 6-slide presentation.

Include ethical considerations, environmental scanning for competitive advantages, innovation and sustainability considerations, measurement guidelines, internal dynamic and resource considerations for strategy implementation, and what feedback considerations Riordan should put into place to ensure the success of the company. (IF IT APPLIES TO THOSE FIVE OR SIX SLIDES)

……………………Answer preview………………..

Competitive advantage is a situation in which a company has leverage over its competitors (Lawson, 2014).

Riordan generates its competitive advantage from

vHigh volumes of production

vEngaging in extensive research and development marketing

v Customer satisfaction

v Multiple depots

v High profitability……………………………

6 slides