Strategy FIN/370 October 20, 2012 Riordan Manufacturing is a Fortune 1000 company that employs 550 people with projected annual earnings of $46 million dollars. The company was founded by Dr. Riordan in 1991 and subsequently the company name was changed in 1992 to Riordan Manufacturing after Dr. Riordan obtained venture capital to expand the company. The corporate headquarters is located in San Jose, California with additional manufacturing plants in Georgia, Michigan, and China. Products
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Strategic Plan: Riordan Kevin Music, John Beard, Paul Brown, Elza Milivic MGT/498 November 11th, 2013 John Hawes University of Phoenix Strategic Plan: Riordan A strategic plan is an important part of every company that helps to keep each department focused and to ensure long-term success. Ethics and social responsibility play large roles in strategic planning because these concepts are part of the foundation for the strategy and the strategy has a long-term effect on
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Riordan Security Plan CMGT/441 October 14, 2013 University of Phoenix Executive Summary: Riordan Manufacturing is a global corporation and has been performing both research and development activities and manufacturing plastics products for a number of uses since 1992. Riordan’s R&D efforts supply the company with new products to break into new markets, most recently the health care market. Riordan has grown and now has three United States locations and one location in China. Each location
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expansion for Riordan Manufacturing, an industry leader in the field of plastic injection molding (Riordan Manufacturing, 2006). The researchers of this project will analyze three possible expansion approaches including an initial public offering (IPO), a merger, and an acquisition. It will then be determined which approach would lead the Riordan Manufacturing team ahead of the competition and ultimate greater success for the company. Strengths of Each Approach Riordan Manufacturing has three
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Riordan Manufacturing Strategic Plan Riordan Manufacturing Strategic Plan This paper was structured by Team A and based on the strategic plan of Riordan Manufacturing. Team A completed an environmental scan, strategy formulation, strategy implementation and also completed evaluation and controls. There is a significant amount of information that is discovered through this process which will benefit Riordan Manufacturing and their business operations. In result, Riordan Manufacturing
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Employee Performance HRM300 November 5, 2012 Don Henry Introduction Riordan Manufacturing has many important job positions within the organization, but the two most important are the Human Resource Manager and the actual manager of Riordan Manufacturing. These two positions are critical for Riordan because they keep the organization running smoothly without issues arising. The HR manager and the manager for Riordan have to communicate among one another to ensure that feedback is given to all
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Process Design for Riordan Manufacturing Riordan Manufacturing is a “wholly owned subsidiary of Riordan Industries, a Fortune 1000 company” with a projected income of $46 million and around 550 employees (University of Phoenix, 2013). Riordan Manufacturing is a global manufacturer in the plastics industry, including fans, medical devices, and bottles. Riordan Manufacturing strives to meet the increasing customer demands for plastics. The company recently identified some issues with its current production
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Introduction In this paper Team A is responsible for developing teams for Riordan Manufacturing’s newly designed CardiCare Valve heart valves. The location of these teams is in Pontiac, Michigan, which produces plastic parts for the organization. Team A will develop a Team Strategy Plan of which we will identify several strategies in building viable teams, identify challenges or barriers that may occur, determine the best approach, and measure the teams efficiency. While developing these teams
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Going public through an IPO Riordan Manufacturing’s approach through initial public offering will improve finances quickly. An IPO will raise capital and reduce debt. Funds acquired from common stock will be used to improve the area of the organization that needs help. The organization will have greater access to capital markets and in turn the valuation will increase. Riordan Manufacturing currently does not have a consistent format to maintain corporate date files (University Of Phoenix, 2013)
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Riordan Strategies to Succeed Riordan Manufacturing Inc. is a leader in the field of plastic injection molding (Riordan, 2004). The company has facilities in San Jose, California, Albany, Georgia, Pontiac, Michigan and Hangzhou, China. Riordan's major customers are automotive parts manufacturers, aircraft manufacturers, the Department of Defense, beverage makers and bottlers, and appliance manufacturers (2004). Riordan Manufacturing Inc. is a privately held organization that wants to expand its
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