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).
As stated in the paragraph above, the need for this change is to allow for us to keep close ties to our customers via the new customer management system. We must keep close ties to both our long-standing customers and our new customers as well. Implementing these new management systems will allow to strengthen our relationships with our existing customers while the new systems will also allow for our relationships with new customers to continue to grow. We have a goal of fifty million dollars to reach, to reach this goal we must increase sales to existing customers, increasing sales by forced promotion; price discounts; and customer user group services. We must also expand sales to our newer customers by utilizing public relations activities, trade shows, brand development, and sales force promotions.
AST1 Task 1 305.6.2-03 Company S, as a new manufacturer in the motor scooter market, must develop marketing strategies to ensure the continued motivation of its new channel partners, in order to secure sales and garner its share of the marketplace. These channel partners have a strong loyalty to the competitor’s products; but with the proper mix of sales strategies, Company S will be able to penetrate the marketplace and develop strong and lasting sales partnerships. Five Strategies for Motivating Dealerships as Intermediaries of Company S: 1. Incentive Programs Company S will provide a strong incentive program for the dealerships, such as quantity discounts based on the number of scooters the dealership sells. The more scooters the dealership sells, the lower their cost to purchase the merchandise.
P & G focuses on strategies that are precise for the long-term well-being of the business and will convey total investor return and hold the spot in the top one-third of their industry group. . P & G also intends to deliver earnings per share growth of high single digits to low double digits and to create free cash flow productivity of greater than 90%. The company’s long-term economic targets are to grow organic sales up to 2% faster than the industry market growth in geographies and categories in which the organization competes. To achieve these strategic targets, P & G plans to achieve by improving and touching the lives of more consumers, in more parts of the globe.
The costs for the equipment and security devices are essential to Riordan’s business goals and will ensure the company can function without error into the future. The recommendations provided by Team B are backed with extensive research into the company’s network infrastructure and topology and by studying the current market trends. It is imperative that Riordan Manufacturing implement the recommended equipment and software purchases and upgrades as well as the new network topology provided as this will ensure the corporations safety and productivity now and for years to come. References Kozierok, Charles (2005). The TCP/IP Guide, Retrieved March 15, 2008 From http://www.tcpipguide.com/ Juniper (ND) Leveraging MPLS to Enable Deterministic Services in the Cable Core, Retrieved March 13, 2008, From: http://www.juniper.net/solutions/literature/white_papers/200228.pdf Shinoda, Yoichi.
Once this is complete, our marketing team will need to determine the idea’s prospects in the marketplace. They will also be tasked with determining how the technology should be packaged to have the greatest appeal to our customers. Manufacturing a new product can be timely and costly. It is very important to estimate the cost of building the new product and then estimating the selling price and potential profit for the company. The process of developing any new product requires strong team leadership and cohesiveness to ensure the new product will be
Abstract In order to remain competitive within the growing market and attract new customers to the Broadway Café, an e-business strategy need to be deployed. We will be integrating strategies that not only pertain to sales, but also marketing, finance, accounting, and customer service. These strategies should increase sales, provide online customer service, and help enter the café into the global market. From a marketing standpoint, we will be implementing the beginning of selling several products online B2B and B2C. Adding an e-business will also allow better interaction with suppliers on the global market as well.
Like other businesses our goal is to expand as well as build more customer awareness to increase its profits. Kudler wants to build a customer base that will be loyal to their stores. To do this it is important for Kudler to conduct the necessary research needed first to implement this change in the operations department. Especially, because we aim at a specific market with
Production plan for Riordan Manufacturing University of Phoenix Operations Management OPS 571 Theodore Curry August 01, 2012 Production plan for Riordan Manufacturing Development of a production plan involves both strategic capacity planning and lean production to create an optimally efficient and cost-effective process design and supply management chain. Riordan Manufacturing’s existing capacity plan is sufficient to sustain the firm’s current production design and output levels, but for Riordan to enhance its competitiveness in an evolving industry the company must constantly reevaluate its processes. The application of strategic capacity planning and lean production techniques can facilitate Riordan’s attainment of its optimal
Foundation Simulation Annual report MANA 4322- ORGANIZTIONAL STRATEGY Company: Chester - F64450 Ariana Cadena Jason Scanlan Syed Ali William Rodriguez Executive Summary [1] Our company adopted the Niche Differentiation strategy. We will gain a competitive advantage by distinguishing our products with an excellent design, high awareness, easy accessibility, and new products. We will develop an R&D competency that keeps our designs fresh and exciting. Our products will keep pace with the market, offering improved size and performance. We will price above average.