The strategic plan will help provide better, more targeted service to its clients and will be more specific on how the company will go about achieving company goals. The strategic plan will help Riordan’s executives understand the company’s direction by reviewing past progress and making changes to improve and grow. The strategic plan is an organizational tool that will help keep Riordan on track to meet growth and financial objectives. Need for a Strategic Plan Successful businesses are effective at identifying opportunities for growth and ensuring every manager has the same goals. For Riordan to further strengthen their strategic plan, they can develop a financial model based on their income and cost assumptions they would anticipate under the plan (Mikrut, 2010).
A procedure can be build to help the managers and consultant at the customer interface achieve new insights into the customer’s requirements and favorites. Lastly, customer-focused strategy is to enter industry that has strong strategic relations to the core adjoining industries. This is a mainly tempting alternative when the core industry is moving toward its operating effectively, produce surplus cash for reinvestment and full capabilities. Therefore industries are most situated to this strategy because it creates relationship with the customers. The executive growth strategy- The three customer-focused growth strategies explains the need supporting infrastructure to raise the chance of victorious implementation.
If the company engages an operational product planning tactic interconnected with a vast quality progression that focuses on market needs and customer needs, the company will succeed with new products in the current market. A further quality procedure for BJB Manufacturing Company would be to make sure successful product proposals are generated through consultations through corporate management, and manufacturing groups. This is done because groups will have important product information that can help other group’s complete individual sections of the business plan. It is vital that each section of BJB Manufacturing Company comprehend the company intentions and product course so that the company can design product plans, merge quality procedures, and adhere to planned practices.
The management team needs to understand that “change is an ongoing and never-ending process of organizational life” (Van de Ven & Sun, 2011, p. 58). After showing the team where they are the next step would be to show them where they can go if they make the necessary changes. During the future state presentation, an outline of how business would increase and improve statistically. Companies often require visual and the future state presentation would provide several visual chart reports showing the company how they will improve their marketability by implementing project management functionality. The increase to employee morale and production would be the closer to this presentation.
This culture creates acceptable and predictable behaviors to better guide associates through their daily job functions. The corporate cultures serve an organization by enabling the organization to be flexible and adapt to the ever-changing competitive landscape (Leban & Romuald, 2008). Home Depot’s leader Robert Nardelli, determined that Home Depot was in need of a culture change. He wanted to change the organizational culture from a laid back, interconnecting organization, to a tough-minded approach to develop power, growth and volume. The Nadler congruence model would be the best option for this type of cultural change.
In order to be more successful in their industry, they must have up-to-date equipment and technology. They must also be aware of the value of marketing themselves and also learn how to do so. This will certainly draw new customers to their company, because they can expand their audience. (03) Thirdly, Albatross Anchor should research and incorporate some sort of LEAN production method. Albatross can gain assistance from a company that helps to advise, consult, and train the employees in
In addition, having both management and leadership are significantly important in any organization that wants to succeed. In today’s management role, one must implement the functions necessary to be successful. In particular, strong leadership is imperative for shaping an organization into a force that serves as a sustainable business advantage. Having a vision, the ability to articulate it, and having the necessary skills and resources to carry it out is a cornerstone of one’s organization. Furthermore, managers should establish the following within their units: valid performance standards; provide adequate information to employees; ensure acceptability; maintain open communication; see that multiple approaches are used.
Identify the main reasons for reviewing working methods, products and / or services in a business environment. The main reason why a business should review working methods, products and / or services are to ensure that they are keeping in line with other businesses. An example of not keeping up with the times is HMV. Change can cause added pressures to the business. However there are changes that would have a small affect on the business.
Running head: Technology Implementation 1 Technology Implementation MonaLisa Void TEC 401 February 5, 2012 Doug Brtek Running head: Technology Implementation 2 At some point change is inevitable in today’s organizations. In order to survive and stay competitive with the competing organizations, it is imperative to stay abreast of any new technology available. As a manager, it is imperative to follow the necessary steps when implementing new technology into an organization. It
Training Plan Introduction The current training plan will merge the current sales force teams from EnviroTech and from InterClean as soon as feasibly possible, as this will require a significant need to create and administer an in-depth, detailed training program. As defined by the text, Cascio (2006, p. 286) explained training to be “planned programs designed to improve performance at the individual, group, and/or organizational levels”. Nevertheless, there is the need to provide a full service, solutions based training plan that is efficient while also effective to the customer. A new training and mentoring program will be introduced and will be tailored to the needs of the combined sales team along with the specific needs of the company. As stated by Clay, T. (2009), a law firm had introduced a new training and mentoring program to improve the revenues produced by individual lawyers.