strategic business plan: riordan manufacturing. table of contents introduction mission vision...
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Strategic Business Plan:Strategic Business Plan:Riordan ManufacturingRiordan Manufacturing
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Table of ContentsTable of Contents
Introduction Mission Vision Finance Management Economics Ethics Marketing Technology Competitive Position Legal Processes Crisis Management Conclusion References
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IntroductionIntroduction
Founder Dr. Michael RiordanRiordan Plastics Inc. 1991Riordan Manufacturing Inc. 1992
Production Plants LocationAlbany, GeorgiaPontiac, Michigan
Facility LocationHangzhou, China
Head Quarters located in San Jose, California
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StakeholdersStakeholdersCapital 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
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MissionMissionRiordan Manufacture’s mission is
to: ◦Revolutionize our products and
services. ◦Incorporating Six Sigma disciplines ◦ ISO 9000 standards
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Vision StatementVision StatementRiordan 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 for our items through efficiency and technology.
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FinanceFinanceUnified finance and accounting
system◦All locations must be on the same
pageSecure stakeholder’s interestsCreate contingency financial plans
◦Compensate for any type of financial loss
Compete on a global scale financially
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ManagementManagementContingency plan to stay
competitive◦ Business and contingency plans are
congruentLow-cost solutions
◦ Prioritize disastersImplementation
◦ Resource allocation
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EconomicsEconomicsEconomy has a direct relationship
with company’s overall successAnalyze trends and ever-changing
marketsExternal influences
◦Real GDP, inflation, labor costs, value of the dollar, interest rates, transporting and shipping costs
Positive economic forecast for company
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EthicsEthicsPromote Ethical ProcessesMaintain Solution Oriented
Positive EnvironmentEnsure Employees Possess
Desired Ethical StandardsComplete TransparencyMonitor and Control Ethical
Policies
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MarketingMarketingContinuity Plan
◦ Restores confidence in consumersDifferentiate
◦ Distinguish productsSatisfy customer needs
◦ Different demographicsTwo-year plan
◦ Promotions, discounts, and user group services
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Technology StrategyTechnology StrategyWide area network (WAN)Five step strategy
** Define business fit** Identify requirement** Design, develop and purchase** Implement and train** Maintain and continue
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Technology ContingencyTechnology ContingencyCritical level 1
** Restore immediatelyCritical level 2
** Restore within 12 hoursCritical level 3
** Restore within 24 hoursCritical level 4
** Restore within 3 daysCritical level 5
** Restore within 1 week
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Competitive PositionCompetitive PositionInternational StrategiesDomestic PlansIndustry TrendsScorecardCost Analysis
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Legal ProcessesLegal ProcessesState LawsFederal GuidelinesDevelop Lawful Policies and
ProceduresFiscal AccountabilityCorporate Governance Plan
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Crisis ManagementCrisis ManagementContingency PlanSafety Policies and ProceduresPhasesCommunication Plan
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ConclusionConclusionStrategic Management Issues
◦ Indecisive strategic purpose◦ Lack of communication throughout
the planIncorporate a game plan
◦ Clearly define and communicate company purpose
◦ Continuance of monitoring external changes
◦ Incorporate change when needed
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ReferencesReferencesApollo 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