Resources: Riordan Virtual Organization, Concepts in Strategic Management and Business Policy, Competitive Advantages Paper, and Classroom discussions.
Scenario: The board of directors for Riordan Manufacturing has asked your team to create a strategic plan for the organization. You are writing the plan to address the board (your audience). I am the chairman of the board and will be making a decision on the viability, originality, innovativeness, and executablity of your plan.
Create a 10-15 page unique 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. Keep in mind that your objective is to create an actionable strategic plan that will convince the board of directors to act on it. Do not prepare a paper describing how to write a strategic plan – you are actually writing a plan.
Format your paper consistent with APA guidelines. Use pictures, charts, graphs, and your strategy canvases as part of the paper.
Required outline and content for the plan:
1 page IDEA brief that describes the strategy
1 page Lean Canvas or Business Model Canvas
1 page grapic before and after Strategy Canvas (from Kim and Mauborgne – chart with description)
Brief paragraph describing Company Background, History, and Profiles of Senior Leadership
Vision, Mission, and Values (bulleted list)
SWOT analysis (quad chart)
Environmental analysis using Porter’s Five Forces
Long and Short Term Objectives (bulleted list)
Financial Analysis and ROI (use tables and charts)
Implementation Plan and Balanced Scorecard (table with timeline or charts)
Organizational Change Management and Communication Plan (table with timeline or charts)
Compelling summary that will move the board to action
Present a completed strategic plan to the board of directors for Riordan Manufacturing using 3 slides.
Outline your strategic plan for Riordan Virtual Organization in a 2 -slide presentation using Microsoft® PowerPoint®. The first slide should be an IDEA brief the second slide a strategy canvas graphic (from Kim and Mauborgne) showing your competitive factors and investment in each of these areas, and the third slide with your Lean Canvas or Business Model Canvas. Use the examples for each of these based on the online discussions..
Keep your audience in mind and make your strategic plan convincing.
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