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Who should be responsible for updating and communicating a strategic plan and why?
We have established our overall strategies for the future. We need to make it official by having the Strategic Plan approved. [ Approval may involve the Board of Directors, Executive Management, and others who need to lend their support to get the Plan implemented. By having key decision-makers approve the Strategic Plan, it signals that it's OK to implement the Plan. Implementation is managed
through the development of an Operating Plan. An Operating Plan is a step by step plan for implementing the Strategic Plan. Operating Plans depend upon good strategic plans. If there are fundamental problems with the Strategic Plan, then successful implementation will be extremely difficult. Additionally, since operating personnel must implement the Strategic Plan, some level of involvement prior to this point should have taken place. ]
Expert answered|hersheys|Points 55|
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Asked 6/18/2013 12:04:02 PM
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Why does having something to work towards help to motivate the employees and may even gain their committment since they want to see the project through to the end?
Weegy: Businesses should try to keep employee retention rates high, since the loss of workers will cost them money and time to hire and train new ones. [ [ The loss of talented employees can also lead to a decline in a company's productivity, according to the University of Michigan Health System. Business owners can improve the areas of their company that cause workers to quit by determining what motivates employees to stay at their jobs. While a successful career development plan increases a company?s productivity and retains valuable employees, what?s more important is what it does for the individual employee. It is increasingly necessary for workers to build upon their job skills and educational background in order to remain marketable in a constantly-changing, technological world. Take an active role in helping your employees develop their careers to increase job satisfaction and create happy workers who feel they matter to their employers. ] ] (More)
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Asked 6/12/2013 1:54:39 PM
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Identify the stakeholders and their roles needed to achieve their organization goals at Riordan Manufacturing, Inc.?
Weegy: Riordan Manufacturing has developed various processes and procedures to manage the business. The organization maintains a heavy focus on research and development with a strong sales force to help distribute the various products. [ Manufacturing plants are situated in Pontiac, Michigan; Albany, Georgia; and Hangzhou, China with the corporate headquarters in San Jose, California. With rapid growth and expansion Riordan Manufacturing has begun to experience issues that will impact organizational goals and strategic plans. The key issues affecting the organization center on employee motivation, employee compensation, and a deficient career development process. These issues left alone will drive serious problems within the organization; however Riordan Manufacturing can benefit by acknowledging these issues and leveraging the new opportunities to promote the organizations overall strategic objectives. ................ ] (More)
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Asked 6/12/2013 11:53:03 AM
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Who are the stakeholders at Riordan Manufacturing, Inc.?
Weegy: Riordan Manufacturing appears to have 3 stakeholder categories: upper management: operations, upper management: human resources, and the employees. [ These stakeholders have the opportunity to benefit from a coordinated effort that focuses on long-term solutions consider personnel and business needs. The operational executives consist of the CFO, COO, and Senior Vice President of R&D and the Vice President of Sales & Marketing. Each of these stakeholders has the right to express their opinions and strategic plans for the organization. Since each member of this group specializes in a different portion of the business the company benefits by the group members working together. These members have a high value for the organizations financial capital and do not want to commit resources without extensive research. Members of the operations team also value the human capital of the organization. These managers understand that without talent the organization will not be able to maintain innovation and market competitiveness. ] (More)
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Asked 6/12/2013 11:34:25 AM
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What are the roles needed to achieve the goals of Riordan Manufacturing, Inc.?
Weegy: Without any specifics many options are open to achieving this goal. [ the will promote the human capital development needed for growth and sustainability are the roles needed to achieve the goals of Riordan Manufacturing, Inc. source:essays24.com/print/Problem...Riordan-Manufacturing/25351.html? ] (More)
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Asked 6/12/2013 10:26:12 AM
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What are the roles needed to achieve the goals of Riordan Manufacturing, Inc.?
Weegy: Riordan Manufacturing, Inc expansion strategies require consideration and evaluation of several factors before embarking on the expansion process. [ Each factor to be considered in the evaluation stage it will require consideration of the existing situation, the change process, and the desired situation. The major factors, which should be considered include: Business Management Management of the business expansion will determine the success or failure of the expansion plan. If the process of expansion will be effectively evaluated and managed, it will lead to realization of objectives of the management and achieve a competitive advantage not only over local competitors but also will result gaining strategic competitive advantage over other international companies. The factors, which the management should put into consideration before starting the expansion process will encompass. ] (More)
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Asked 6/12/2013 10:21:27 AM
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