1. Strategic Business Plan: Riordan Manufacturing

2. Table of Contents Introduction Mission Vision Finance Management
Economics
Ethics
Marketing
Technology
Competitive Position
Legal Processes
Crisis Management
Conclusion
References

3. Introduction Founder Dr. Michael Riordan Production Plants Location
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
Riordan Manufacturing Inc. commenced as Riordan Plastics Inc. in 1991 by organizer Dr. Michael Riordan (Apollo Group Inc. 2006, p. 1). Riordan Manufacturing Inc. in accordance with Apollo Group Inc. (2006) “is a worldwide plastics producer employing 550 individuals with estimated yearly revenue of $46 million. The firm is completely owned by Riordan Industries, a Fortune 1000 company with earnings of more than a $1 billion” (p. 1). The corporation has a couple of manufacturing plants, one in Albany, Georgia and another in Pontiac, Michigan, a provision in Hangzhou, China and a commercial office in San Jose, California (Apollo Group Inc., 2006, p. 1).

4. Stakeholders Capital Market Stakeholder Product 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
Riordan Manufacturing Inc.’s principal industry stakeholders include the President and CEO Michael Riordan and banks. The product industry stakeholders include the communities of each manufacturing plant and provision, “the automotive parts producers, aircraft producers, the Department of Defense, beverage makers and bottlers, and equipment manufacturers” (Apollo Group Inc., 2006, p. 1).

5. Mission Riordan Manufacture’s mission is to:
Revolutionize our products and services.
Incorporating Six Sigma disciplines
ISO 9000 standards
A company’s mission features an objective by giving assistance in accordance with Hitt, Ireland, and Hoskisson (2009) “a mission determines the work or businesses in which the agency plans to have a competition and the clients it plans to serve” (p. 19). Riordan Manufacturing Inc.’s mission gives stakeholders an acumen of the company’s capabilities and what the firm strives to realize.
Riordan Manufacture’s mission is to acknowledge and satisfy the customers’ needs by revolutionizing our services and products. Including Six Sigma guidelines and ISO 9000 standards will make sure clients of our capability to satisfy good quality standard requirements by giving experience and educated personnel (Apollo Group, Inc., 2006, para 3).

6. 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.
A vision statement takes the company’s vision and features a couple of main objectives. One, is to encourage personnel to accomplish their best and the other is to provide the clients confidence to do venture with that firm. Riordan Manufacturing has draw the use of its vision with their vision statement (Apollo Group, Inc., 2006).

7. 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
Riordan Manufacturing’s main goal is to be a worldwide leader, producing plastic injection moldings. To carry out so, they have to generate compatibility altogether, in relation to finance and accounting platforms (Apollo Group Inc., 2006, p.1). Every one of the company's spots makes use of different forms of facts recording and operating application. A specific finance and accounting system would boost monetary productiveness and performance, while saving the firm on expenses related to making monetary documentation. Stakeholder’s interests can seriously effect the results and strategic functioning an Riordan Manufacturing. Attaining their investments and providing monetary balance is only going to assist the firm grow in the future. To compete on a worldwide level, Riordan Manufacturing need to generate concurrent monetary tactics that will make amends for any sort of damage that is possible to be charged, both domestically and internationally.

8. Management Contingency plan to stay competitive Low-cost solutions
Business and contingency plans are congruent
Low-cost solutions
Prioritize disasters
Implementation
Resource allocation
Riordan Manufacturing needs its administration crew to create informative strategic judgements and make distinctive backup tactics to stay aggressive in the plastics industry. A backup plan is crucial for an organization’s sustained success and endurance. When making a backup plan, administration need to ensure that the strategic plan and backup plan are matching.
Low-cost options can be based upon prioritizing accidents based upon possibility of incidence in a provided nation. Riordan manages “facilities in San Jose, California, Albany, Georgia, Pontiac, Michigan, and Hangzhou, China” (Apollo Group, Inc., 2004, p. 1). As a result, Riordan must realize the kinds of accidents that could happen in all of these areas.
A backup plan is not completed up until implementation shows up. Administration must apply the strategy for the backup approach by means of resource allotment, which will allow Riordan go on with operations making the backup plan effective. If Riordan does not allocate the correct resources (e.g. training, supplies, and communication channels), the backup plan is almost worthless. Administration should take action with notions and utilize them to aims to get done with the planning procedure and apply an effective backup strategy.

9. 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
As Riordan Manufacturing provides items to numerous businesses, within distinctive industries, they must continually make alterations in their strategies and constitution for the most effective success and progress. Fluctuating economic climate are unavoidable and the company should be ready to find innovative approaches and methods of reaching their clients. External dominates can easily trigger risks to the firm overall, but they will also be utilized to the organizations’ benefit. Declining rates of interest, and the decrease in the worth of the dollar, will add global prospects and exports for Riordan Manufacturing (Apollo Group Inc., 2006, p.1). Presently, the firm estimate positive results from the economic system and its results on earnings and benefits. Economics are part of business that should be seriously examined and reviewed so that a corporation can acquire all of the rewards that are put in front of them.

10. Ethics Promote Ethical Processes
Maintain Solution Oriented Positive Environment
Ensure Employees Possess Desired Ethical Standards
Complete Transparency
Monitor and Control Ethical Policies
The ethical environment of Riordan Corporation boosts ethical procedure in supply of products and services to strengthen buyer experiences and generate a refined, trustworthy employed pool. The dimensions of Riordan’s organizational structure and earnings base of over one billion dollars yearly causes the goal of imposing and dealing integrity in the firm to confirm sustained growth and success. As mentioned by Hitt, Ireland, & Hoskisson (2009, p. 298), “some think that the perfect boards take part make an effort to determine boundaries for their firms’ business ethics and values.” The strategy includes ethical guidelines and strategies of internal employees and shareholders; defining the practical obligations across the company.
Riordan’s ethical guidelines gain support from executives, managers, and supervisors to confirm reliability in the company value and mission. Predicting a combined front via ethical practices and behaviors from upper management promotes support from front-line personnel and overthrows mistrust of management’s targets.
The executive and management team’s attention exhibits a continuing craving to pilot the firm through ethical guidelines and procedures; communicating customers and personnel through useful, ethical communication and approaches of business procedure ensures sustainability and potential success.
The internal dynamics stimulate and keep a favorable work environment, creating business connections and partnerships on confidence and admiration for the firm, driving sustainability and permanent results.

11. Marketing Continuity Plan Differentiate Satisfy customer needs
Restores confidence in consumers
Differentiate
Distinguish products
Satisfy customer needs
Different demographics
Two-year plan
Promotions, discounts, and user group services
To satisfy consumer requirements and keep a valuable recognition in the plastics industry, an useful marketing campaign that informs clients and potential customers of a continuity strategy is crucial. Within the plastics industry, steadiness, accuracy and the capability to meet up cut-off dates is significant. An acceptable flow plan reinstates confidence in consumers that Riordan Manufacturing’s steadiness, accuracy and ability to fulfill cut-off dates are the unreached in the business. Additionally, Riordan can boast security of manufacturing goods despite stumbling blocks.
An acceptable flow strategy is crucial for Riordan’s longevity; nonetheless, by indentifying the products delivered by Riordan, the firm can also distinguish itself from opposition.
Clients have diverse wants and requirements. As a result, clients who need low stock levels will require items more frequently than clients who contain larger levels of supply. Additionally, the facility in China consists of obligations worldwide and gets to a special demographic than domestic facilities. Riordan can set apart the firm correctly by addressing and fulfilling buyer requirements. Riordan Production must recognize the sole requirements for a lot of clients and develop items to fulfill those specifications.
Riordan will use a two-year plan to achieve the marketing and advertising goal of $50 million in earnings (Apollo Group, Inc., 2004, p. 1). This strategy is created to “increase revenues through sales force advertisements, price discount rates, and consumer user group services” (Apollo Group, Inc., 2004, p. 1). Additionally, in cooperation with the executive team and Dr. Riordan, advertising will be attained by “expanding sales to clients by executing public relations movements, trade shows, brand formation and sales force promotions” (Apollo Group, Inc., 2004, p. 1). These kinds of aims will incorporate “input from in line managers adjacent the daily operations (Apollo Group, Inc., 2004, p. 1).

12. Technology Strategy Wide area network (WAN) Five step strategy
** Define business fit
** Identify requirement
** Design, develop and purchase
** Implement and train
** Maintain and continue
Riordan Manufacturing has 3 production facilities and a commercial office all linked on a wide area network (WAN). The WAN permits users and computers from one facility to interact with users and computer systems in the alternative facilities.
Strategic business plans need to consider IT to operate. Employing a 5 step procedure can guarantee a valid technology approach.
First, an organization must understand how technology falls into the company.
Second, the organization need to recognize its specifications according to the scope of the organization and the present technologies being used.
Third, according to the specifications in step two the organization need to layout and develop its system and buy necessary equipment.
Fourth, the organization implements the system and trains its employees.
Fifth, the organization confirms the technologies in position and regularly seeks methods to have that technologies to provide them a competitive advantage.
Microsoft Corporation, (2010)

13. 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
Riordan Manufacturing has recognized 5 important stages in the business backup plans.
Critical level one has the top preference and needs instant resumption. This level is crucial to the existence of the firm and to restrict substantial loss of company operations.
Critical level two needs resumption within 12 hours. Added postponement can substantially affect the existence of the firm.
Critical level three needs resumption within 24 hours. Continued postponement may affect the existence of the firm and the criticality stage may rise as a result of the excess inclusion of time.
Critical level four needs resumption within 3 days. This level influences the strength of the management to execute action.
Critical level five needs resumption within 7 days. This level is crucial to the productiveness through which management accomplishes its action.
University of Massachusetts, (2010)

14. Competitive Position International Strategies Domestic Plans
Industry Trends
Scorecard
Cost Analysis
Competitive positioning is an approach formed when a firm is eager to set up the effort, time, investments, and energy to achieve an advantage over its rival. Riordan Industries developed access in the worldwide industry by opening a provision in China. In accordance with author’s Hitt, Ireland & Hoskisson, “One of the main causes of executing a global strategy is worldwide industries offer new opportunities.” (Hitt, Ireland, and Hoskisson, 2009, p. 213).
The 5 forces model is an excellent tool for a company to recognize industry traits. Riordan can examine forces in the business including economic climate, hazard of substitutes, new entrants, and rivalry among opponents in the business. (Hitt, Ireland, and Hoskisson, 2009, p. 15) A few of the traits that Riordan recognized were modifications in economic circumstances. Modifications in the economy impact the requirement for plastic bottles, fans, and customized plastic parts. As beverage manufacturers are affected by lower demand of drink products, Riordan can be impacted. An additional pattern that may impact Riordan is demographic traits and the accessibility to medical insurance. (Riordan, 2004) One of the leading concerns for Riordan is real GDP growth. Inflation, rates of interest, cost of labor, and fuel costs affects the corporation. Riordan Manufacturing has recommended that as the economic system stabilizes the company shall satisfy their targets.
Riordan Manufacturing uses scorecard attempts to assist recognize areas that the firm has to upgrade. A few of the major target areas found on the scorecard is:
1) Decreasing product expenses through process development.
2) Make stronger brand developing a competitive advantage.
3) Implement 6 Sigma training.
4) Cut down carrier expenses by 5%.
5) Develop and offer quality product roadmap promptly.
(Riordan Scorecard, 2004)

15. Legal Processes State Laws Federal Guidelines
Develop Lawful Policies and Procedures
Fiscal Accountability
Corporate Governance Plan
Legal procedures for Riordan recognize conformity with all State and Federal employment, monetary, and other functional legal guidelines, including; Equal Employment Opportunities Laws, Americans with Disabilities Act, Fair Labor Practices, Occupational Health and Safety Laws, Sarbanes-Oxley Act and the Generally Accepted Accounting Principles.
Contributing to the moral procedures of the company, fair legislation movements confirm that personnel practices mesh with approved movements to protect a legalized functional approach. Promoting full transparency across the company divisions allows the firm to observe and control all regulations proactively, instead of reactively.
Monitoring and controlling regulations, “becomes crucial whenever the firm gains or divests assets” (Hitt, Ireland, & Hoskission, 2009, p. 322). According to the company’s monetary competencies, the firm realizes the value of protecting assets and company resources. Contracting a legal partner to allot guidance concerning relevant movements makes sure legal monetary movements to avoid arguable and illegal behaviors inside the firm.

16. Crisis Management Contingency Plan Safety Policies and Procedures
Phases
Communication Plan
By developing a security plan, the corporation has a technique to stabilize operations. The kinds of products that are made by Riordan are utilized all over the world. Possessing a backup plan in position offers employees with understanding of what to anticipate and if and when an emergency shows up. Riordan has an evacuation method in position as a part of company policy to confirm individual safety. Possessing a avoidance program will reduce the amount of effect.
Key department employees can have accountability of guidelines to adhere for lockout and tag-out steps. Riordan will have a backup plan to maintain operations. At first an idea will be formed for the occurrence recovery stage to evaluate harm and see when regular operations may continue. In the course of the recovery phase, senior management will start utilizing strategies to maintain operations according to the degree damage. (Myers, p. 89, 2006)
Riordan will have a communication strategy that will allow the supply chain go on. Even if hazard is involved, Riordan has carried out a risk investigation to be ready for the obscure occasion of a misfortune. The corporation has specified what key areas can be possibly suffering from an interruption.

17. Conclusion Strategic Management Issues Incorporate a game plan
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
Problems that can take place that will impact the company strategy can include lack of awareness and communicating the strategic objective, identical preferences, which may result in miscalculation of objective and result in obstacle of meeting targets and objectives, failing to investigate and observe external changes. Strategic management procedure is a vital tool for company to follow through. To deal with the impact of challenges happening a company need to openly outline and verbalize its objective, and use the exclusive and valuable characteristics. Additionally, continuance monitoring of the external situation, executing training and ethical codes are crucial. Failure stay within compliance will impact adversely on the company.

18. 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
University of Massachusetts. (2010). Business Continuity and Planning Guidelines. Retrieved from