Transcript Riordan manufacturing

Strategic Business Plan:
Riordan Manufacturing
Table of Contents














Introduction
Mission
Vision
Finance
Management
Economics
Ethics
Marketing
Technology
Competitive Position
Legal Processes
Crisis Management
Conclusion
References
Introduction

Founder Dr. Michael Riordan
Riordan Plastics Inc. 1991
Riordan Manufacturing Inc. 1992

Production Plants Location
Albany, Georgia
Pontiac, Michigan
Facility
Location
Hangzhou, China
Head Quarters located in San Jose, California
Stakeholders

Capital Market Stakeholder
 Dr. Michael Riordan (President and CEO)
 Banks

Product Market Stakeholder
 Automotive parts, aircraft and appliance manufacturers
 Department of Defense
 Beverage and bottlers

Organizational Stakeholders
 Managers and employees
Mission

Riordan Manufacture’s mission is to:
◦ Revolutionize our products and services.
◦ Incorporating Six Sigma disciplines
◦ ISO 9000 standards
Vision Statement
Riordan Manufacturing’s goal is to be a
worldwide leader in
the expertise production of plastic
injection molding providing customers high
quality products that are exclusive to
their industry.
Riordan will gain matchless customer devotion f
or our items through efficiency and technology.
Finance

Unified finance and accounting system
◦ All locations must be on the same page
Secure stakeholder’s interests
 Create contingency financial plans

◦ Compensate for any type of financial loss

Compete on a global scale financially
Management

Contingency plan to stay competitive
◦ Business and contingency plans are
congruent

Low-cost solutions
◦ Prioritize disasters

Implementation
◦ Resource allocation
Economics
Economy has a direct relationship with
company’s overall success
 Analyze trends and ever-changing markets
 External influences

◦ Real GDP, inflation, labor costs, value of the
dollar, interest rates, transporting and shipping
costs

Positive economic forecast for company
Ethics
Promote Ethical Processes
 Maintain Solution Oriented Positive
Environment
 Ensure Employees Possess Desired Ethical
Standards
 Complete Transparency
 Monitor and Control Ethical Policies

Marketing

Continuity Plan
◦ Restores confidence in consumers

Differentiate
◦ Distinguish products

Satisfy customer needs
◦ Different demographics

Two-year plan
◦ Promotions, discounts, and user group
services
Technology Strategy
Wide area network (WAN)
 Five step strategy
** Define business fit
** Identify requirement
** Design, develop and purchase
** Implement and train
** Maintain and continue

Technology Contingency

Critical level 1
** Restore immediately

Critical level 2
** Restore within 12 hours

Critical level 3
** Restore within 24 hours

Critical level 4
** Restore within 3 days

Critical level 5
** Restore within 1 week
Competitive Position
International Strategies
 Domestic Plans
 Industry Trends
 Scorecard
 Cost Analysis

Legal Processes
State Laws
 Federal Guidelines
 Develop Lawful Policies and Procedures
 Fiscal Accountability
 Corporate Governance Plan

Crisis Management
Contingency Plan
 Safety Policies and Procedures
 Phases
 Communication Plan

Conclusion

Strategic Management Issues
◦ Indecisive strategic purpose
◦ Lack of communication throughout the plan

Incorporate a game plan
◦ Clearly define and communicate company
purpose
◦ Continuance of monitoring external changes
◦ Incorporate change when needed
References
Apollo Group, Inc. (2004). Riordan Manufacturing. Sales and Marketing.
Retrieved from MGT/488 Strategic Business Management and Planning
course website.
Apollo Group, Inc. (2006). Riordan Manufacturing. Riordan manufacturing overview. Retrieved from MGT/488 Strategic Business Management and
Planning course website.
Apollo Group Inc. (2006). Riordan Manufacturing. Finance and accounting.
Retrieved
from MGT/488 Strategic Business Management and Planning course
website.
Hitt, M. A., Ireland, R. D., & Hoskisson, R. E. (2009). Strategic management:
Competitiveness and globalization, concepts and cases (8th ed.). Mason, OH:
South-Western Cengage Learning.
Microsoft Corporation. (2010). Developing an accessible Technology
Plan. Retrieved from http://www.microsoft.com/enable/business/plan.aspx
University of Massachusetts. (2010). Business Continuity and Planning
Guidelines. Retrieved from
http://media.umassp.edu/massedu/policy/DataContAppend5.pdf