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 your team to create a strategic plan for the organization.
Create a unique strategic plan for Riordan Manufacturing applying what you learned in the course discussions, readings, and your research – starting from what you learned in Week One and using a similar strategic management process as Concepts in Strategic Management and Business Policy.
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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 and Content:
- 1-3 page IDEAL brief that describes the strategy – this is the primary tool for communicating your strategy.
- 1 page Lean Canvas or Business Model Canvas – this is a snapshot of the business model that is supported by the strategy.
- 1 page graphic before and after Strategy Canvas (from Kim and Mauborgne – chart with description) – this provides a before and after view of your strategic investments.
Additional Back up pages (appendices) that support your plan.
- Brief paragraph describing the Profiles of Proposed Senior Leadership and the leadership structure.
- Vision describing the WHY for Riordan.
- SWOT analysis (quad chart) or SWOT using the Business Model Canvas.
- Financial Analysis and ROI (use tables and charts)
- Balanced Scorecard (table with timeline or charts) that describes the perspectives and your measurement approach.
- Organizational Change Management and Communication Plan (table with timeline or charts providing your detailed appr