Strategic Plan Paper Strategic Plan Paper Altering the Strategic Plan If the strategy at Riordan does not go according to plan the company will conduct a re-evaluation to determine what the issue is. After evaluation should the organization feel the strategic plan needs to be altered because of inefficiency or goals and objectives are not being obtained then it must change them for the improvement and future of the company. Riordan needs to be flexible with the consistent changing environment and be prepared to respond to the changes internally or externally Virtual Organization,
The global market affects the business strategy of an organization.
Competition is unavoidable, and a business must differentiate the type of competitive advantage most beneficial for success. The company, Riordan Manufacturing should know the competitive advantage that will allow them to improve innovation and sustainability of business operations internationally.
After the determination of competitive strategies, an organization can estimate the sustainability effects for long-term organizational performance. Riordan Manufacturing is a corporation that considers these aspects to succeed in the global market. Riordan, founded Riordan in Riordan manufacturing is a global plastics manufacturer wholly owned by, Fortune company, Riordan Industries.
The industry leader consists of employees to produce plastics beverage containers, custom plastic parts, and plastic fan parts. The development of these products occur in Texas, Georgia, Michigan, and China, which are later distributed to automotive manufacturers, aircraft manufacturers, appliance manufacturers, bottlers, beverage makers, and the Department of Defense.
The research and development team identifies the trends in polymer material and most important, ensures customer satisfaction University of Phoenix, In order for Riordan Manufacturing to stay competitive in their industry, they have to stay up to date on the latest technology, new developments within the industry, and also… Related posts:Transcript of Team A: Strategic Plan Presentation.
University of Poenix SC12BSB02 MGT/ April 2, Dr. Jay Deb TEAM A: Andreea Clemente Marena Estes Kim Griffith RIORDAN MANUFACTURING INC.
SINCE DR. RIORDAN CHEMIST PATENTS IN POLYMER EMPLOYEES $46 MILLION IN REVENUES $1 BILLION . Essays, General Business, Management, Premium, Strategy The 4 Components of the Strategic Management Process Describe the primary components of a strategic management process, and indicate why a strategic management process is needed for a company.
Mgt/ Final Paper.
Riordan Manufacturing [pic][pic] [pic] Strategic Plan - MGT January 14, Contents Introduction 3 Background 3 Internal Structure 4 Background to the Vision, Mission Statement, and Strategic Objectives 6 Environmental Scan 7 Vision, Mission Statement, and Values 8 Vision 8 Values 8 Mission Statement 9 Our Focus 9 Our Customer Relationships 9 Our .
Riordan Manufacturing Strategic Plan MGT/ Riordan’s Manufacturing Strategy Riordan’s manufacturing strategy is a stable workforce for two reasons; first, “it schedules production of fans to meet the forecasted sales” and the forecast is calculated by “taking the average of sales for the last three years and extrapolating it.
Strategic Management Process of strategic management, there is a more modern formula that includes four stages or phase for the strategic management process.
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