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Running head: FRIAR TUCKER BENCHMARKING
Friar Tucker Benchmarking
University of Phoenix
Strategic Implementation and Alignment
MBA-590
John Pucciano
February 20, 2008
Friar Tucker Benchmarking
To survive in this highly competitive business market, companies have to be alert, constantly on watch and come up with new plans. Development of a project implementation plan is crucial to the success of any business venture and Friar Tucker International (FTI) is no exception. Companies not only have to be selective in the projects they acquire but they have to ensure the projects are in line with the strategic plans of the company. Since no strategy is perfect and without risk, companies need to be aware of this. The ability to manage risks allows companies to remain competitive, retain and acquire new customers. Outlining the requirements prior to starting a project can eliminate confusion. Ensuring that time, resources, and issues are all taken into account, planned for, and addressed is a significant part of making sure that the project will meet the measurement of success. In order to obtain goals and objectives FTI will need to examine the selection and implementation of these projects if they are to remain a competitive, expanding company. This paper brings to light a study of 10 companies and their strategic implementation and alignment of their core competencies. The document covers an overview of Friar Tucker International (FTI), problem definition, 10 benchmarked companies, problems and approach to find a solution, and synopses of the analysis and learning’s from those companies.
Overview
Friar Tucker International (FTI) is a growing company in the hospi ...