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Mgt 498 Week 5 Team Paper

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Strategic Plan for Riordan Manufacturing
Team B
MGT/498
November 20, 2013

Strategic Plan for Riordan Manufacturing Riordan Manufacturing is an industry leading organization in plastic injection molding. The organization products includes beverage containers, customer plastic parts, from computer fans to room fans to medical devices such as heart values and stents, to custom designs for the customer needs. Riordan services leading industries such as hospitals, aircrafts manufactures, automobiles manufactures and many others large businesses. The organization employs roughly 550 employs with plants in Georgia, Michigan and China with facilities around the world. As many organizations today strategic planning is a must in order to excel in today’s world of business. We will take a look at the need, direction and provide guidance as to how factors such as environmental scanning, strategy formulation, strategy implementation, and evaluation and control can all play a role in creating a strategic plan for Riordan Manufacturing.
Strategic planning Strategic planning brings on new and different perspectives from other sources. It allows the opportunities for round table discussions, brainstorming, and an opportunity to hire consultants to keep the company abreast of new trends, customer wants, needs and desires. Strategic planning also allows for an organization to create a plan for placing mitigating measures in case problems occur. If the plan should not go in the direction of outline goal, such as funding issues, staffing issues, and or management issues mitigating courses of action should be detailed and outlined in a strategic plan. As all successful companies the goal is to stay strong, positive, and continue to be successful for the long term. It is of most importance to establish a plan of where the company would like to see

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