Running Head: Friar Tucker Inc. Implementation Plan
Friar Tucker Implementation Plan
University of Phoenix
MBA 590
Friar Tucker Implementation Plan
Introduction
Friar Tucker International (FTI) leadership team and project selection committee (PSC) determined risks and strategic alignment to evaluate five projects. Selecting projects for implementation in an organization require review of major factor that influences project selection. Factors such as resource allocation, the extent of individual and organizational politics effect selection. Each project has a risk benefit matrix. FTI has taken the opportunity to implement the Galleria project, which will require a strategic focus for the future as a critical element of organizational success.
One-step in developing an implementation plan for a firm is to look to others for example. In order to obtain the goals and objectives that FTI has outlined, the company will require an examination of the selection and implementation processes of projects from other companies. The following analysis and synopsis outline companies such as General Electric (GE), Coca-Cola, Hewlett-Packard (HP), Cintas, OSI Restaurant Partners LLC, Brinker International INC, Yahoo and Boots Healthcare International with structures and strategies around implementation that have made them successful. Responses reflect research of both favorable and unfavorable trends and or forces as well as strategic adaptability and types of issues and opportunities that face organizations continually.
Analysis
Strategic management is the process of assessing where the company currently is and deciding and implementing what the company should be. The implementation of strategy is deciding what project to undertake and the associated risks. FTI is a hospitality services organization that manages 35 entertainment and cuisine establishments with 1200 employees and revenues over $300 million annually. (UOP, 2009)
Friar Tucker Strategy –...