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Flashcards in MGT 498 UOP Course,MGT 498 UOP Tutors,MGT 498 UOP Assignments Deck (29):
1

MGT 498 Week 5 Learning Team Strategic Plan Paper And Presentation​
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MGT 498 Week 5 Learning Team Strategic Plan Paper And Presentation​
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Resources: Riordan Virtual Organization, Concepts in Strategic Management and Business Policy, and Competitive Advantages Paper

Scenario: The board of directors for Riordan Manufacturing has asked your team to create a strategic plan for the organization.

Create a 2,500- to 3,500-word strategic plan for Riordan Manufacturing starting from what you learned in Week One and using a similar strategic management process as Concepts in Strategic Management and Business Policy. You may also use information from the team project you completed for Riordan Manufacturing in Week Four to create the strategic plan.

Cover thoroughly the areas of environmental scanning, strategy formulation, strategy implementation, and evaluation and control.

Address the following questions in your strategic plan:

• Why does Riordan need a strategic plan?

• What role should ethical and social responsibility considerations have in Riordan’s strategic management plan?

• What competitive advantages does Riordan have, and which competitive strategies should Riordan utilize to improve innovation and sustainability in both domestic and international applications?

• What measurement guidelines should be used to verify strategy effectiveness?

• What internal dynamics along with cultural and structural leadership considerations should be used in implementing business strategy for Riordan?

• How do they influence business continuity?

• What assessment and feedback controls should be used to determine the direction to take Riordan? If the strategy of Riordan does not go according to plan, at what point would you consider altering the strategic plan you have suggested?



Explain and justify all of the decisions you have made for your strategic plan, using research and understanding learned from the reading material.



Present a completed strategic plan to the board of directors for Riordan Manufacturing.

Outline your strategic plan for Riordan Virtual Organization in a 5 – to 8 slide presentation using Microsoft® PowerPoint®.

Describe why Riordan needs a plan, and walk the audience through every step in the strategic management process.

Include ethical considerations, environmental scanning for competitive advantages, innovation and sustainability considerations, measurement guidelines, internal dynamic and resource considerations for strategy implementation, and what feedback considerations Riordan should put into place to ensure the success of the company.

Keep your audience in mind and make your strategic plan convincing.

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2

MGT 498 Week 5 DQ 3
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MGT 498 Week 5 DQ 3
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How would control processes and metrics differ between various types of organizations? Include an example of control processes or metrics for each type of organization in your answer.

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MGT 498 Week 5 DQ 2
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MGT 498 Week 5 DQ 2
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Describe enterprise resource planning. How does enterprise resource planning affect feedback and control in an organization’s strategy?

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4

MGT 498 Week 5 DQ 1
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Why is it important for an organization to identify the areas it wishes to measure before the implementation process begins? Provide an example of a company that had clear measurement guidelines in place before implementing its strategic plan. What would be the consequence if these clear measurement guidelines had not been developed before the implementation?

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5

MGT 498 Week 4 Learning Team Weekly Reflection
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MGT 498 Week 4 Learning Team Weekly Reflection
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Discuss this week’s objectives with your team. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field.
Prepare a 350- to 1,050- word paper detailing the findings of your discussion.

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6

MGT 498 Week 4 Individual Competitive Advantages Paper
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MGT 498 Week 4 Individual Competitive Advantages Paper
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Use the Riordan Virtual Organization and research from last week’s Individual Environmental Scan Paper for this assignment.



Decide which competitive advantages Riordan has in common with the companies researched last week, and estimate which competitive strategies Riordan could use to improve innovation and sustainability of business operations both in the United States and in the global market.

Explain why you chose these competitive strategies and estimate how they might affect sustainability of long-term organizational performance.

Explain how the global market would affect the business strategy of Riordan.





Summarize your findings in a 700- to 1,050-word paper.



Format your paper consistent with APA guidelines

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7

MGT 498 Week 4 DQ 4
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MGT 498 Week 4 DQ 4
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What steps need to be taken before we implement an organizational strategy? Why are time frames so important to the implementation of an organizations strategy? What role does the sequence of execution play?

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MGT 498 Week 4 DQ 3
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MGT 498 Week 4 DQ 3
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Research a company’s internal dynamics and the influence on business continuity along with cultural and structural leadership considerations incorporated into the implementation of the company’s strategy. What resources are being used for the company to implement its strategy?

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9

MGT 498 Week 4 DQ 2
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MGT 498 Week 4 DQ 2
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What phases does a product go through during its life cycle? Is it possible for an organization to avoid the eventual decline phase of a product or service? Why? If so or not, how would your strategic planning process be affected?

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10

MGT 498 Week 4 DQ 1
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MGT 498 Week 4 DQ 1
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Review Section 9.4 on Virtual Organizations in Concepts in Strategic Management and Business Policy. What constitutes a virtual organization? How does strategy implementation differ between it and traditional organizations? When is one type of organization preferable over the other?

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11

MGT 498 Week 3 Learning Team Weekly Reflection
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MGT 498 Week 3 Learning Team Weekly Reflection
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Discuss this week’s objectives with your team. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field.

Prepare a 350- to 1,050- word paper detailing the findings of your discussion.

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12

MGT 498 Week 3 Individual Environmental Scan Paper
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MGT 498 Week 3 Individual Environmental Scan Paper
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Write a 1,050- to 1,400-word paper in which you complete the following:



· Research and describe the internal and external environments of 2 to 3 real-world companies using an environmental scan.

· Determine what competitive advantages each company has and what strategies each company is using.

o How does each company create value and sustain competitive advantage through business strategy?

o What measurement guidelines is each company using to verify its strategic effectiveness?

o How effective are the measurement guidelines that each company is using?



Format your paper consistent with APA guidelines

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13

MGT 498 Week 3 DQ 4
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MGT 498 Week 3 DQ 4
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What is the difference between horizontal growth and vertical growth? Name a real-world company that focuses more on horizontal growth and a company that focuses more on vertical growth. Why do these two companies choose different growth strategies?

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14

MGT 498 Week 3 DQ 3
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Define risk and how it affects the strategy planning process. In relation to innovation, sustainability, and the global market, how would you decide whether a risk is worth taking the chance on when to create a strategic plan?

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15

MGT 498 Week 3 DQ 2
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MGT 498 Week 3 DQ 2
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How has the growth in globalization affected corporate strategy in the United States? Consider this growth from perspectives such as outsourcing, taxes, competition, finances, and so forth.

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16

MGT 498 Week 3 DQ 1
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MGT 498 Week 3 DQ 1
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What is a corporate strategy? Why is it important for a small business to identify a corporate strategy? What are possible consequences that a small business may experience if it does not have a defined corporate strategy?

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17

MGT 498 Week 2 Learning Team Weekly Reflection
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MGT 498 Week 2 Learning Team Weekly Reflection
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Prepare a 350- to 1,050- word paper detailing the findings of your discussion.

Format your paper consistent with APA guidelines. There are no research requirements for the Weekly Team Reflection.

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18

MGT 498 Week 2 Individual Ethics Paper
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MGT 498 Week 2 Individual Ethics Paper
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Write a 700- to 900-word paper in which you do the following:

Explain the role of ethics and social responsibility in developing a strategic plan while considering stakeholder needs and agendas.

Include at least one example of a company overstepping ethical boundaries for stakeholder agendas, and what types of preventative measures could be taken to avoid this type of situation.

Format your paper consistent with APA guidelines.

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19

MGT 498 Week 2 DQ 4
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MGT 498 Week 2 DQ 4
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Why do we want to create measurement devices early in the strategy process? How do metrics allow us to track the strategy process once it is implemented? How is environmental scanning helpful in choosing the appropriate metric guidelines to use?

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20

MGT 498 Week 2 DQ 3
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MGT 498 Week 2 DQ 3
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Choose two or more competitive strategies and compare why each strategy may be appropriate for different companies. For example, one company may use a low-price strategy while another may go for high quality.

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21

MGT 498 Week 2 DQ 2
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MGT 498 Week 2 DQ 2
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What is the role of strategic planning in creating value for the organization? Provide an example of how a company uses strategic planning to create value for the organization.

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22

MGT 498 Week 2 DQ 1
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What types of competitive strategies are the most effective? Will the same strategy work in most venues? Why or why not?

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23

MGT 498 Week 1 Individual Strategic Management Process Paper
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MGT 498 Week 1 Individual Strategic Management Process Paper
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Write a 350- to 500-word paper in which you complete the following:



Describe the primary components of a strategic management process, and indicate why a strategic management process is needed for a company.

Research at least one company and describe the strategic management process that the company uses.



Format your paper consistent with APA guidelines.

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24

MGT 498 Week 1 DQ 3
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MGT 498 Week 1 DQ 3
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Why is an understanding in ethics important to the overall strategy process, and how does an understanding of ethics affect the strategy process as it pertains to the organization’s stakeholders?

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MGT 498 Week 1 DQ 2
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What legal issues do companies face when creating a strategic plan? What effects do legal issues have on our strategy planning process?

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MGT 498 Week 1 DQ 1
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Why is strategic planning important to the organization? How does strategic planning help the organization?

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27

MGT 498 Final Exam Guide
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Scored 29/30

1) In a survey of 50 corporations, which of the following was rated as a benefit of strategic management?
A Clearer sense of vision for the firm
B. Higher levels of employee motivation
C. Higher levels of job satisfaction
D. Improved productivity
E. Lower employee turnover
2) Research suggests that strategic management evolves through four sequential phases in corporations. The first phase is
A. externally-oriented planning
B. basic financial planning
C. internally-oriented planning
D. forecast-based planning
E. strategic management
3) Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation. Which one of the following is NOT one of the basic elements of the strategic management process?
A. Strategy formulation
B. Strategy implementation
C. Statistical process control
D. Evaluation and control
E. Environmental scanning
4) The relationship among the board of directors, top management, and shareholders is referred to as
A. corporate synergy
B. corporate management
C. corporate governance
D. corporate strategy
E. corporate responsibility
5) The concept that proposes private corporations have responsibilities to society that extend beyond making a profit is known as
A. flexible responsibility
B. social responsibility
C. social flexibility
D. managerial responsibility
E. profit maximization
6) Who said that the social responsibility of business is a “fundamentally subversive doctrine” and that the one social responsibility of business is “to use its resources and engage in activities designed to increase its profits so long as it stays with the rules of the game…”?
A. Adam Smith
B. Edward Freeman
C. Archie Carroll
D. William C. Norris
E. Milton Friedman
7) Which of the following is NOT descriptive of external environmental scanning?
A. Used as a tool to ensure a corporation’s long-term health
B. Used to monitor, evaluate, and disseminate information from the external environment to key people within the corporation
C. Used to identify opportunities and threats
D. It is a tool that corporations use to avoid strategic surprise
E. Used to identify strengths and weaknesses
8) According to Porter, the corporation is most concerned with
A. the intensity of competition within its industry
B. the aggregate level of demand for a product line
C. a market’s position on its life cycle
D. the amount of pressure from the societal environment
E. the level of government action in an industry
9) When a company determines a competency’s competitive advantage, Barney refers to this issue as
A. value
B. rareness
C. imitability
D. organization
E. durability
10) An acronym for the assessment of the external and internal environments of the business corporation in the process of strategy formulation/strategic planning is
A. P.E.T.
B. M.B.O.
C. S.W.O.T.
D. S.B.U.
E. R.O.I.
11) In the development of a SFAS matrix, the first step is to
A. enter the ratings of how the company’s management is responding to each of the strategic factors
B. calculate the weighted scores
C. list the most important EFAS and IFAS items
D. indicate short-term for the duration
E. enter the weights for all of the internal factors
12) The technique that illustrates how management can match the external opportunities and threats with its strengths and weaknesses to yield four sets of strategic alternatives is called a (an)
A. IFAS Table
B. EFAS Table
C. SFAS Table
D. TOWS Matrix
E. Issues Priority Matrix
13) Which strategy specifies the firm’s overall direction in terms of its general orientation toward growth, the industries or markets in which it competes, and the manner in which it coordinates activities and transfers resources among business units?
A. Corporate
B. Functional
C. Divisional
D. Organizational
E. Business
14) Continuous improvement is an operations concept developed in
A. the United States
B. Sweden
C. Japan
D. Germany
E. Canada
15) The process by which a firm approaches its cross-border activities and those of competitors, and plans to approach them in the future, is called
A. staging
B. international strategy
C. competitive strategy
D. cross-border configuration
16) What question must managers ask concerning the relationship between economic logic and international strategy?
A. Which geographic areas will we enter?
B. How does our international strategy contribute to the economic logic of our business and corporate strategies?
C. How does being international make our products more attractive to our customers?
D. Which international market-entry strategies will we use?
17) Which strategy is developed to pull together the various activities and competencies of each department so that corporate and business unit performance improves and resource productivity is maximized?
A. Business strategy
B. Competitive strategy
C. Generic strategy
D. Enterprise strategy
E. Functional strategy
18) The strategy that deals with product and process innovation and improvement is known as a ________ strategy.
A. marketing
B. R&D
C. operations
D. financial
E. human resource management
19) The hiring of new people with new skills, firing of people with inappropriate or substandard skills, and/or training existing employees to learn new skills are included the process of
A. training
B. staffing
C. structuring
D. operating
E. financing
20) The strategy implementation tool used to determine what actions are going to be taken, by whom, during what time frame, and with what expected results is called a(n)
A. mission statement
B. action plan
C. MBO
D. TQM
E. succession plan
21) Executives with a particular mix of skills and experiences may be classified as an executive type and paired with
A. a specific personal characteristic
B. a specific corporate strategy
C. a certain educational background
D. a specific experience background
E. a specific industry
22) According to the text, what is the “key” to effective management of change in culture?
A. Planning
B. Operationalization
C. Evaluation
D. Staffing
E. Communication
23) The sum total of the activities and choices required for the execution of a strategic plan is known as in
A. strategic formulation
B. environmental scanning
C. strategy implementation
D. evaluation and control
E. strategic development
24) Who typically implements strategy in large, multi-industry corporations?
A. The board of directors
B. Top management
C. Middle management
D. First level management
E. Everyone in the organization
25) Which one of the following is NOT a part of the evaluation and control of performance?
A. Establish corporate strategies.
B. Determine what to measure.
C. Establish standards for performance.
D. Measure actual performance.
E. Take corrective actions.
26) The end result of activity is known as
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MGT 498 Complete Class + Final Exam
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MGT 498 Complete Class NO FINAL
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MGT 498 Complete Class NO FINAL
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MGT 498 Complete Class NO FINAL

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