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Strengths and weaknesses of strategic planning
Company-wide strategic planning
Company-wide strategic planning
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Strategic Quality Management and Customer Satisfaction
Introduction
The Strategic Plan of an organization is the most efficient and resourceful plan an organization can implement. Riordan takes immense pride in the strategic plans in place for the manufacturing organization. Through the strategic plan, the organization could improve current business processes, measure the quality of their customer base, review quality assurance and improve their process improvement plan. Through these plans their process has a strategy and direction with the ability to allocate resources in order to generate capital and increase excellent customer satisfaction among their customer base.
Quality: Company Strategic Plan and Objectives
Riordan Manufacturing has been in business for many years; they have been the industry leader of plastic manufacturing for decades and want to ensure they continue to see increased success and revenue. To ensure continual growth, Riordan is constantly making process improvements, modifying their strategic plan and setting new objectives.
Although Riordan Manufacturing has a generic strategic direction, a comprehensive strategic plan reevaluation and development must occur after the move to China. Environmental scanning, strategy formulation, strategy implementation, evaluation, and control are fundamental to the creation of a strategic plan (Wheelen & Hunger, 2010). Because, strategic planning is integral to the corporate strategy and success of Riordan the board of directors' requesting Team B formulate a comprehensive strategic plan for their organization.
1. Nowadays, in terms of severe rivalry, UPS company tries to implement the strategy that will be able to guarantee its success and gradual improvement of the quality of company`s products and services. That is why, nowadays the company works in accordance with the main principles of the Total quality approach. There are several main reasons for this choice. The first obvious reason is that being the world`s greatest franchisor of retail shipping and business centers, the company needs constant development and improvement in order to remain competitive and hold leading positions. TQM (Total Quality Management) implies the usage of various means and remedies in order to improve all spheres of activity of the company, which results in significant
Strategic planning is defined as "an organization's process of defining its strategy, or direction, and making decisions on allocating its resour...
In organization of any type, management should plan its long-term future. Corporate strategy is a management plan, which defines its business activities, prospects and development objectives. It also includes organization’s business strategy as a main choice of means and methods of competition (Griffin, & Pustay, 2005). This may be production of standardized products or delivery-on-order products/service, competition based on lower prices or rapid delivery of products. Corporate strategy provides overall direction, which provides the framework to perform functions throughout the organization.
"It was the summer of 1969: Man took his first walk on the moon. Nearly 450,000 people gathered in upstate New York to witness the historic Woodstock concert. And Doris and Don Fisher opened the first Gap store in San Francisco" (Gapinc.com 2007). Today, Gap Inc. is one of the world's largest specialty retailers, with more than 3,100 stores and fiscal 2006 revenues of $15.9 billion. Gap Inc. operates four of the most recognized apparel brands in the world Gap, Banana Republic, Old Navy and Piperlime. Every day, Gap Inc. looks for new ways to connect with customers around the world, providing value to their shareholders and to make a positive contribution in the communities where Gap Inc. does business. Gap Inc brands have a simple, common purpose: "to make it easy for people to express their personal style" (Gapinc.com 2007). Gap Inc. constantly evolves each brand to better meet their customers' needs through innovative and inspiring design; through convenient and engaging store experiences; and by communicating with people in a way that connects to how consumers live, work and play. Gap Inc. involves total quality management through out policies and procedures. In the following information explains how Gap Inc. uses TQM (total quality management), what made Gap Inc. the way it is today, and implementations on total quality management.
A strategic plan is a tool that delivers guidance in achieving a mission or goal with maximum proficiency and control for an organization. Strategic planning is used to transform and revitalize organizations. The plan helps provide an inclusive understanding of opportunities and challenges both internally and externally for the organization. The plan delivers an assessment of the strengths and limitations that are realistic within the company. A well-developed strategic plan will offer a comprehensive approach and empowerment for the stakeholders involved. It is an opportunity for learning and understanding priorities that will drive the business to succeed. Jones (2010), describes how in health care organizations, strategic plans characteristically concentrate on operational and organizational goals such as when to obtain new technology, how to meet competitive challenges, and what staffing, tools, or facilities are needed to ensure organizational survival. The mission and value statements are significant in determining the quality of a strategic initiative. Forcing the organization to look toward the future creates proactive objectives in which both short-term and long-terms plans and goals are necessary in order to succeed.
Strategic Planning: Action Plan In the previous paper, stakeholders were identified and a strategy map was created to provide a visual presentation of how specific goals and plan in each area are linked and see the cause-and-effect relationships between goals and plans, which was consisted of four key areas: learning and growth, internal processes, customer service, and financial. As we progress in the strategic planning, the previously completed strategy map will be utilized to formulate a functional-level strategy for the primary business functions included in my action plan. This paper will also include the identified management tactics and strategies to implement the strategic goals, how the managerial decision-making methods will be applied
Strategic planning is the organizational process of laying out the strategy, locating resources towards the implementation of these strategies for achievement. Strategic planning deals with the matter relating to the whole organization instead of a section or a unit. When one is laying out these plans there are questions they are supposed to ask in that process such as; what do you do? For whom do you, do it? How do you excel in doing it?
Strategic planning directs every movement in a business and is very essential to business performance (London 2002, pp.26-33). The strategic plan and operational plan are extracted from Best Buy Form 10K to better clarify the current situation and future direction of Best Buy.
Fuqua and Kurpius (1993), defines strategic planning as a model that facilitates change and development within the organization. When compared to other processes of planning, the strategic planning model has been distinguished by Fuqua and Kurpius (1993) as: focussing more on the process than the product; making use of visions that can be easily distinguished from the steps that need to be taken in order to achieve those visions; placing an emphasis on the involvement of all possible stakeholders; characterizing change as a meaningful force not merely as barrier; being, fluid, long term and perceptive and being dedicated to the future survival of individuals that take part in the process of planning.
...ough quality or enough service, satisfaction will result. However, we have evidence to support that quality and service alone can not produce recurrent satisfaction. Satisfaction is a distinct and separate issue.
Strategic planning has a focus on stabilizing the current environment, and it also support the organization's business plans and goals. Strategic planning helps to implement new projects, new technology, consolidation of data centers, data warehouses, exponential data growth, cost of ownership, and resources available in an organization to assess the future requirements. Strategic planning analyzes the business plan, potential blockage or other issues in the current architecture, processes and their implementation in new initiatives, and processes. Strategic planning helps to formulate the ideas about the key factors that are affecting the present and future development of the organization and the opportunities offered by the environment and the competence of the organization.
Strategic planning is an organizational process in which it looks towards developing and sustaining success or balance in its ever changing environment.
Strategic planning is the continuous and systematic process of guiding members of an organization to make decisions about its future, develop the necessary procedures and operations to achieve that future, and determine how success will be achieved.
The main challenges in the manufacturing companies are in the following stage of product development.