1. Week 5 Team Presentation

2. Strategic Plan  Develop Strategic Plan ○ Environmental Scan ○ Strategy Formulation ○ Strategy Implementation ○ Evaluation and Control

3. Environmental Scan Environment Scan Internal Analysis StrengthWeakness External Analysis OpportunitiesThreats

4. Strengths – Patents – Strong band names – Good reputation among customers Weaknesses - A Weak brand name - A lack of access to key distribution channels - High cost structure Internal Analysis

5. Opportunities – Arrival of new technology – Loosening of regulations – A unfulfilled customer need Threats – New regulations – Increased trade barriers – Emergence of substitute products External Analysis

6. Competitive Advantages Innovative Trend Setting – Building Sustainability State of the art Capabilities – Efficient & Effective Creative Marketing Strategies – Building for the best and worst economic times

7. Strategic Plan  Riordan Manufacturing

8. Identify Employee Rights Identify Community Rights Identify Social Obligations Social Responsibilities

9. Fairness Integrity Potential Implications Ethical Responsibilities

10. Innovative Trend Setting State-of-the-Art Design Constant Assessment of Goals Competitive Advantages

11. Improve Human Life Improve the Environment Develop Fair Procedures Commitment to Planet Earth Competitive Strategies

12. Economic Legal Ethical Discretionary Ethical and Social Responsibilities

13. Paperless Mandatory Recycling Water Conservation Energy Conservation Procedures

14. Future Goals Total Quality Growth Development Budget Planning Improvements Review Leadership Products Services Technology Pricing The Importance of Strategic Planning

15. Commitment Communication Creditability The mentioned topics are critical to the success of the organization through the application of a strategic plan. Effectiveness

16. Create a Mission Statement Establish a timeline 3-5 years Create an annual objective Implement the Plan Conduct regular reviews Suggested Outline

17. It forces the organization to review The plan provides a future goal/goals Provides awareness internal and external Gives direction Focuses on the mission and objectives Why a Strategic Plan

18. Internal Dynamics – Tangible Goals – Innovative Practices – Internal Influence Senior Leaders Environmental Scan Workforce Culture – Assessing cultural matches Internal Dynamics

19. External Dynamics – Sustainability – Threats – External Influence Competition Market Sustainability External Dynamics

20. New Technology Telecommunications Communication Loyal Employees – Employee Relations – Create Career Day – Compensation Package Assessment and Feedback Controls

21. 1. Provides the capability to quantify measures of performance. 2. Quantifies the gap between your organization and best practices. 3. Encourages new ideas, innovation and creative thinking. 4. Provides a foundation for strategic planning and operations improvement. 5. Maximizes the fact that physicians are researchers and generally accept an objective data driven process. 6. Provides an objective basis for discussing operations improvement. 7. Identifies specific improvement opportunities Benchmark

22. Justification of Decisions  What decisions? Why?

23. Conclusion  Environmental Scan Identified organizational needs Identified competitive advantages Developed strategic plan

24. References  Bono, E. d., & Heller, R. (2006). Thinking managers. Retrieved -, from http:// www.thinkingmanagers.com  Ekarius, C. (2010). Up your sustainability. Retrieved -, from http://www.hobbyfarms.com  Gyermeh, D. (2009). How TQM can benefit your business. Retrieved -, from http://www.businessknowledgesource.comwww.businessknowledgesource.com  Mallinger, M. (2001). Personality traits and workplace culture. Retrieved -, from http://www.gbr.pepperdine.edu  Wheelen, T. & Hunger, J. (2008). Concepts in strategic management and business policy, eleventh edition.[University of Phoenix Custom Edition e- text]. Upper Saddle River, NJ: Pearson Education. Retrieved February 2, 2011, from University of Phoenix, rEsource, MGT498 – Strategic Management Course Web site.