Hire Writer Riordan also shares the advantage of strong brand recognition in their industry just as Nike, Ford Motor Co. Riordan is also known for their strength of quality in engineering on par with the Ford Motor Co.
Strategic Plan Riordan was founded by Dr. Riordan, a professor in chemistry in Apollo Group, Inc. Over the years Riordan has expanded the business from development, to manufacturing and, to production.
Riordan was able to accomplish this expansion by acquiring a manufacturing plant in Pontiac, Michigan, and an additional plant for production in Albany, Georgia.
In Riordan took their operation global and opened a manufacturing plant in China. Riordan has been able to manage three locations successfully to date. However, Riordan recognizes the need to develop a strategic plan to increase profitability by establishing new accounting and marketing systems.
A strategic plan must be realistic and attainable. The strategic plan should include benchmarking and performance monitoring. The plan should stimulate change and become the building block to future plans within Riordan Manufacturing.
The ability to provide timely month end reporting to the board of directors is essential to recognizing potential financial threats and trends in the business.
In addition the strategic plan should address the antiquated marketing system. Riordan has achieved several accolades over the years. However, most of this data is filed away and not easily accessible to the marketing department.
The development of a marketing information system will give research and development the ability to use historical data for tracking units, volumes, and products sold for developing new marketing strategies Apollo Group, Inc.
The Role of Ethical and Social Responsibility Ethical and social responsibility will have an intricate role in Riordan strategic management plan. Ethics involves knowing right from wrong and simply doing the right thing.
Riordan must ensure they are reporting true and accurate financial records to all stakeholders. Today Riordan uses three separate accounting systems to compile financial data. This data is often re-entered by the headquarters office in San Jose. The Sarbanes-Oxley Act of mandated a number of reforms to enhance corporate responsibility, enhance financial disclosures and combat corporate and accounting fraud.
Riordan has a social responsibility to ensure the manufacturing plants are producing quality materials. Riordan must ensure they establish an effective quality control program consisting of design reviews, engineering analysis, adequate recordkeeping of raw materials and finished goods, inspection of incoming materials, testing during the manufacturing process and finished part inspections.Riordan Manufacturing Team Building and Conflict Management MGT/ October 28, George Beaini Riordan Manufacturing Team Building and Conflict Management Riordan Manufacturing is working to launch CardiCare Valve heart valves and in doing so is designing a new team to proceed with the product launch.
Riordan Manufacturing and Strategic Planning Team A will review the manufacturing process of the fans in China, and discuss a more efficient plan for a new Inventory management system, Mass customization, Lean Production and methods for Strategic planning.
Inventory Management Riordan currently uses a system which requires Inventory staff. FOCUS ON SMALL SET OF DESIRABLE, CLEARLY ARTICULATED OUTCOMES OPPORTUNITIES ENVIRONMENTAL SCANNING STRATEGIC MANAGEMENT PROCESS Return on Investment (ROI) Earnings per share (EPS) Balanced Scorecard Financial & non-financial performance CLOSING PROGRAMS COMPANY OVERVIEW CLEAR.
To keep on the leading edge of plastics Research and Development, to provide solutions to their customers, and to maintain an innovative team-oriented workforce. Is to be focused in achieving and maintaining reasonable profitability to assure that the financial and human capital.
Riordan Manufacturing Team Strategy Plan University of Phoenix Material Team Strategy Plan Complete the following table to address the creation of teams at Riordan Manufacturing.
Strategy Strengths Weaknesses Need to have a strong production . Team Strategy and Conflict Management Riordan Manufacturing Team Strategy and Conflict Management plan MGT Abstract The purpose of this paper is to develop a usable plan to build teams and alleviate conflict that has arisen between to employees of Riordan Manufacturing.
|Business plans Tagged With: Riordan, a professor of chemistry, who had obtained several patents relative to processing polymers into high tensile strength plastic substrates, was also the founder of Riordan Manufacturing.|