Implementation Plan for Friar Tucker Galleria Project

Running head: IMPLEMENTATION PLAN FOR FRIAR TUCKER GALLERIA PROJECT

Implementation Plan for Friar Tucker Galleria Project

University of Phoenix

Strategic Implementation and Alignment

MBA 590

John Pucciano

February 26, 2008

Implementation Plan for Friar Tucker Galleria

To survive in this highly competitive business market, companies have to be alert, constantly on watch and come up with new business 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 risks and constantly on watch. 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.

Friar Tucker International (FTI) is a growing company in the hospitality business whose core business revolves around fine cuisine and entertainment. Over the years Friar Tucker has entered into agreements to manage several fine food restaurants, sports bars, hotel chains and other family and corporate entertainment establishments. As the business has increased the number of projects that have come to the doors of Friar Tucker has increased significantly. Therefore, the company needed to have a strategy in order to decide which projects the company should accept and which one’s the company should let go. In order to achieve that the Chief Executive Officer of Friar Tucker, Ricardo Bellini formed a Project Selection Committee consisting of several upper management members and a consultant. These members were assigned to research all the potential projects and align them with overall strategy and experiences of Friar Tucker.

This paper covers Friar Tucker’s current organizational strategy, the unique implementation plan developed for completing the Galleria project, the implementation planning process at FTI, and conclusion.

Friar Tucker’s Strategy

FTI