You have new items in your feed. Click to view.
Question and answer
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|
Question
Asked 6/18/2013 12:04:02 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
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)
Question
Expert Answered
Asked 6/12/2013 10:21:27 AM
0 Answers/Comments
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)
Question
Expert Answered
Asked 6/12/2013 11:53:03 AM
0 Answers/Comments
What is an example of strategic objective at bank of America?
Weegy: . Hoshin planning is used as the umbrella to integrate financial, personnel, and risk planning into one strategic plan. This ensures alignment in all the different aspects of the business. [ Using a theme similar to balanced scorecard, Bank of America set its strategic goals and plans in three key stakeholder categories. 1. Customer: provider of choice—The Hoshin plan benchmark goal for customer delight is based on the best-in-class leader, Ritz-Carlton. Customer delight is more than satisfaction; on a ten-point scale, it would be measured by a 9 or 10 rating. The company focuses on delight rather than satisfaction because of the stronger correlation to loyalty and increased business. 2. Associate: employer of choice—The Hoshin plan goal for associate satisfaction is based on best-inclass benchmarking, at the level that the top companies are performing at. 3. Shareholder: investment of choice—The Hoshin plan goal is to be the first in peer group for total shareholder return. Bank of America uses kanri, a Japanese performance management process, to manage and achieve its goals. Six Sigma is part of this execution because it helps the company identify enablers to accomplish goals. In the Kanri performance management process, executives review scorecard performance monthly and/or quarterly as needed. They review and understand root causes of performance gaps and what drives causes and effects; they also prioritize resources for key tactics and enablers. Six Sigma is viewed as a vital tool in achieving process improvements. Said Karuturi, “Without Six Sigma, you may get improvement, but it may not be sustainable. Six Sigma provides the discipline for making it repeatable and getting consistent results year over year.” The company is using Six Sigma to re-engineer the enterprise-wide core processes, close gaps in Hoshin plan performance, and make improvements via belt projects. Benchmarking is another important tool for process improvements. ] (More)
Question
Expert Answered
Asked 6/12/2013 6:16:01 PM
0 Answers/Comments
Why does the marketing strategy increase sales?
Weegy: Answer: Marketing is More Than Advertising But marketing and advertising are not synonymous and 'placing a few ads' is never going to draw the kind of business a small business needs to be successful. Marketing is a process, not an event. [ It involves planning marketing goals and implementing (often a series of) marketing strategies to achieve them. Now that doesn't mean marketing has to be a complicated process. But it does mean you have to know what you want to achieve and get out there and work at it. Here are six simple marketing strategies you can use to increase your customers and sales. 6 Simple Marketing Strategies 1) Offer some free classes/workshops related to your products and/or services - in your home, in a rented venue or through a local education institution such as a Community College. Target specific audiences or events, if appropriate. For instance, someone with a beading business might offer special workshops on Beaded Christmas Projects or Beading for Girls. A yoga instructor might offer a class such as Yoga for Men. 2) Join local business organizations and networking groups. Many, such as home-based business groups, are inexpensive to join. And the marketing benefits are huge. Once they get to know you and what you do, the other business people in your group will mention your business to others and may even give you referrals. Local business organizations are also great opportunities to create and participate in some cooperative marketing strategies, such as holding special Market Days or other events. 3) Create or become front and center in a charitable event. You can get huge amounts of press for events like this – which can translate into new customers. One local artist has painted paper grocery bags which he is selling with all proceeds going to a selected charity, for example. But you don’t even have to go to the trouble of creating your own event; many charities have established events that you can become a very visible ... (More)
Question
Expert Answered
Asked 6/12/2013 7:43:53 PM
0 Answers/Comments
Why is legal compliance part of the corporate social responsibility initiative?
Weegy: For the most part, this case study will discuss CSR as a broader corporate strategy that goes beyond legal compliance and employee benefits. (More)
Question
Expert Answered
Asked 6/12/2013 8:19:01 PM
0 Answers/Comments
25,790,993 questions answered
Popular Conversations
removal Which of these is the free morpheme in this ...
Weegy: In the word "removal," the free morpheme is mov(e). User: The new English word emoticon can be broken down ...
7/26/2016 11:27:16 AM| 3 Answers
The plurals of nouns ending in s, x, z, ch, and sh are formed by ...
Weegy: The plurals of nouns ending in s, x, z, ch, and sh are formed by adding -es. User: The plural of a noun ...
7/26/2016 5:55:54 PM| 3 Answers
Which of the following is not specifically a form of health related ...
Weegy: Balance is specifically a form of health related fitness.
7/26/2016 6:36:09 PM| 2 Answers
In general plant sources of protein provide
7/26/2016 12:09:06 AM| 1 Answers
The emotion that occurs more often to more drivers is A. ...
Weegy: The emotion that occurs more often to more drivers is ANGER. User: An emotional event not related to ...
7/26/2016 12:26:03 AM| 1 Answers
William Blake believed that it was necessary to A. use ...
Weegy: D. know both the good and evil sides of human nature. User: A symbol is A. a comparison using like or ...
7/26/2016 12:31:39 AM| 1 Answers
Weegy Stuff
S
P
L
Points 564 [Total 1314] Ratings 2 Comments 544 Invitations 0 Offline
S
Points 295 [Total 716] Ratings 1 Comments 285 Invitations 0 Offline
S
L
P
P
P
Points 263 [Total 3011] Ratings 0 Comments 263 Invitations 0 Offline
S
P
Points 224 [Total 483] Ratings 1 Comments 214 Invitations 0 Offline
S
Points 88 [Total 227] Ratings 0 Comments 88 Invitations 0 Offline
S
L
P
P
P
Points 83 [Total 3787] Ratings 0 Comments 83 Invitations 0 Offline
S
Points 21 [Total 71] Ratings 2 Comments 1 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 8 [Total 12606] Ratings 0 Comments 8 Invitations 0 Offline
S
L
Points 3 [Total 1766] Ratings 0 Comments 3 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.