strategic business plan: riordan manufacturing. table of contents introduction mission vision...

Strategic Business Plan:Strategic Business Plan:Riordan ManufacturingRiordan Manufacturing

Table of ContentsTable of Contents

Introduction Mission Vision Finance Management Economics Ethics Marketing Technology Competitive Position Legal Processes Crisis Management Conclusion References

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

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

MissionMissionRiordan Manufacture’s mission is

to: ◦Revolutionize our products and

services. ◦Incorporating Six Sigma disciplines ◦ ISO 9000 standards

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.

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

ManagementManagementContingency plan to stay

competitive◦ Business and contingency plans are

congruentLow-cost solutions

◦ Prioritize disastersImplementation

◦ Resource allocation

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

EthicsEthicsPromote Ethical ProcessesMaintain Solution Oriented

Positive EnvironmentEnsure Employees Possess

Desired Ethical StandardsComplete TransparencyMonitor and Control Ethical

Policies

MarketingMarketingContinuity Plan

◦ Restores confidence in consumersDifferentiate

◦ Distinguish productsSatisfy customer needs

◦ Different demographicsTwo-year plan

◦ Promotions, discounts, and user group services

Technology StrategyTechnology StrategyWide area network (WAN)Five step strategy

** Define business fit** Identify requirement** Design, develop and purchase** Implement and train** Maintain and continue

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

Competitive PositionCompetitive PositionInternational StrategiesDomestic PlansIndustry TrendsScorecardCost Analysis

Legal ProcessesLegal ProcessesState LawsFederal GuidelinesDevelop Lawful Policies and

ProceduresFiscal AccountabilityCorporate Governance Plan

Crisis ManagementCrisis ManagementContingency PlanSafety Policies and ProceduresPhasesCommunication Plan

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

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