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STR 581 W1 Approaches to Global Strategy

STR 581 W1 Approaches to Global Strategy

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Approaches to Global Strategy 1

Approaches to Global Strategy

University of Phoenix

International Strategic Planning and Implementation

STR/GM581

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Approaches to Global Strategy

The purpose of this paper is to discuss the fundamental aspects of Riordan Management’s

strategic management procedures in expanding the business globally. This document will analyze

the strategic management process and the steps associated.

“Riordan Manufacturing was founded in 1991 with prizes patent of the transformation of

the substrate plastic strong polymers with a basis of 550 employees and a $46 million projected

revenue, (University of Phoenix, 2009).” Riordan Manufacturing produces parts for cars,

aircrafts, and more. The company recently has suffered some strategic changes in the production

and marketing areas.

Strategic Management Process

A strategic management process consists of four elements: analysis, strategy

development, implementation strategy and evaluation strategy. Companies need to develop a

strategic plan for the management of these measures, if necessary, make changes, and

improvements, (Coulter, 2005).

The analysis is the first step in the process of strategic management. The analysis

provides information required to create the company mission. This analysis can be performed in

different ways; these methods include monitoring and communication.

The strategy development strategy is necessary to help define the forces. These are

divided into operational and competitive strategy levels. These include short-term operational

strategies and business operations, human resources, finance, marketing and production

depending on a variety of sections.

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Approaches to Global Strategy University of Phoenix International Strategic Planning and Implementation STR/GM581 Approaches to Global Strategy The purpose of this paper is to discuss the fundamental aspects of Riordan Management's strategic management procedures in expanding the business globally. This document will analyze the strategic management process and the steps associated. "Riordan Manufacturing was founded in 1991 with prizes patent of the transformation of the substrate plastic strong polymers with a basis of 550 employees and a $46 million projected revenue, (University of Phoenix, 2009)." Riordan Manufacturing produces parts for cars, aircrafts, and more. The company recently has suffered some strategic changes in the production and marketing areas. Strategic Management Process A strategic management process consists of four elements: analysis, strategy development, implementation strategy and evaluation strategy. Companies need to develop a strategic plan for the management of these measures, if necessary, make changes, and improvements, (Coulter, 2005). The analysis is the first step in the process of strategic management. The analysis provides information required to create the company mission. This analysis can be performed in different ways; these methods include monitoring and communication. The strategy development strategy is necessary to help define the forces. These are divided into operational and competitive strategy levels ...
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