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