Introduction
Riordan Manufacturing will see growth and opportunity when utilizing the information within their strategy plan. The company is a leader in the polymer materials and has the ability to find solutions for the customers of the products. Our focus is to promote an efficient, reasonable profitability goal to promote our finances and capital is obtained for the future growth of our company. Currently, the industry leader in the R&D while leading in the industry trends identification. Our goals include improvement of employee satisfaction by 10-15%, lay ground work for share and profit gain, and reaching $50 million in operating income. Ensuring the product is environmentally safe and the best quality could help the company to become the innovative leaders in the market. We will develop a team that is focused on innovation and creation of a roadmap containing dates specific to the goals listed above. Our goal is to reduce operating costs, become partners with Kudler foods, and drive the culture to obtaining the best quality products where goals and limitations are always increasing.
What role should ethical and social responsibility considerations have in Riordan’s strategic management plan?
Ethics is defined as the process of evaluating problems that are within the business environment and is related to the employees, management, and corporation. Enabling a company a balance between the ethical and social responsibilities can be tough because there is a need to make profit while ensuring that all shareholders, management, and employees will be satisfied with the business. The role for ethical responsibility should be maintained through legal measurements and analysis every couple of months, maybe per quarter. Maintaining a solid level of growth is essential to the business and providing more healthy growth in business will allow the company a good reputation to gain more business for Riordan Plastics, Inc. The core of the business is to have a good name that is unified in supporting their employees and corporation. Without a good name, the company will not be able to gain advantage over competition and could ultimately fail. Riordan’s business has expanded globally and ethically should maintain a solid reputation while in other countries like China. Respecting the culture and legal practices in different countries should be part of the center of the corporation’s strategic management plan. China is a location where Riordan has expanded their business practices. Without proper knowledge of traditions and customs of the Chinese culture, Riordan would not stand a chance within the country. Opportunity lies in knowing the culture and being able to exist in the country to show the natives that the company cares for their well-being and is not focused on their opportunity more than the customers. Social responsibility is a huge part to a success in a company. Riordan uses plastic, dyes, and raw materials consistently. These elements are being looked at constantly to improve or come up with a better system to give the product less hazardous materials. Our goal is to find an innovative and better system to creating the plastic products and fulfill the standards of being ecofriendly. There is a responsibility to protect the environment and business by ridding of bad materials in pollution. Riordan is focusing on the ways to eliminate wastes to better promote the environment while finding the correct balance to the economy and ecosystem procedures. They are well aware of the ways to cut down on wasted materials and have processes on the intranet to ensure they are trying to maintain an effective solution to the potential waste in operations showing that they are focused on improving. By doing this, the company is seen as trying to eliminate negative aspects of the business and supporting growth opportunity while showing the market, they care for the safety of others. This will promote the company name and possibly rocket the company into more market opportunities, creating a competitive edge and eliminating threats.
What measurement guidelines should be used to verify strategy effectiveness?
There are many different ways that guidelines should be used to verify strategy effectiveness. Some companies look at their growth targeting 15% per year of increase on the profit. Or you can have a 20% goal to increase of customer satisfaction per year. Focusing on the leadership, customers, market, finances, customer base, and employees are good guidelines to measure within a corporation but will also ensure that if the goals are met, the strategies are working. As mentioned above, the strategy should be looked at on a quarterly basis, to see where the numbers are. This will give enough time for preparation of what to change and how to change it, slowing down on the way threats and opportunities of the company. By conquering those guidelines, it gives the company Riordan and advantage within the market creating a competitive atmosphere to gain advantages overall. Using systems like S.W.O.T will allow a company to focus on the threats and create a solution quickly. Hopefully, overcoming the issue in hand and building customer confidence to rise above the threats and weaknesses.
Creating a good atmosphere for those in the market, will ensure the success of Riordan’s business and promote good working conditions and growth in those areas. If the company does not take care of their employees or shareholders, they will most likely go somewhere else. Riordan will see this as a good opportunity to help their employees climb the ladders and create other jobs of improvement within the company. Growth is essential in business and can be looked at when building upon strategies to improve the business overall. Promotion, new employees, and solid working environments can be seen by low turnover, incentive plans, and operation continuously being reached to find new goals within that area.
Finding a way to improve on the products process will decrease the product costs and financially create a gain within the company, giving the company means to open the doors to more growth, more success, and continued job security. Also delivering the product on time will bring good results in this as well, promoting a better business and opening up doors to more business opportunities. Growth is one of the ways to verify the strategy effectiveness.

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