Sample content 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 is able to benefit from this process because they use it as an edge in the industry and gain a lead on the competition. Environmental Scan The internal environmental scan for Riordan Manufacturing is included in the SWOT analysis; a group which determines the weaknesses and strengths. A strength for Riordan would be their solidified brand name which helps them keep a strong reputation among their clientele. Furthermore, Riordan benefits from having access to high-end natural resourc

1. MGT 498 Week 5 Strategic Plan Paper
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Sample content
Riordan Manufacturing Strategic Plan
Riordan Manufacturing Strategic Plan

2. 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 is able to benefit from this process because they use it as an edge
in the industry and gain a lead on the competition.
Environmental Scan
The internal environmental scan for Riordan Manufacturing is included in the
SWOT analysis; a group which determines the weaknesses and strengths. A
strength for Riordan would be their solidified brand name which helps them keep a
strong reputation among their clientele. Furthermore, Riordan benefits from having
access to high-end natural resources. In regards to downfalls, Riordan suffers from
their high cost of structure and the lack of access to ideal key distributions. In
addition, the external environmental scan of the SWOT analysis is comprised of
opportunities and threats. Riordan has some potential in removing internal trade
barriers and the introduction of the latest technology. Riordan’s threat is the
increment of those trade barriers and the introduction of substituted products.
Competitive Advantages
The manufacturing industry is expected to evolve with time so it’s important for
Riordan to stay on the same curve of evolution in order to remain relevant among
customers. An efficient way to stay innovative can be to increase the company’s
strategic planning and maintain their competitiveness in the industry. Reaching all
the desired goals involves leaders and decision makers of the company
establishing competive strategies which are beneficial to the operations of the
company and provide an edge against the competition. Ideally, a competative
advantage that Riordan needs to incorporate is maintaining the promotion of their
brand while approaching the market in a manner intended for longevity and
stability. Innovative trend setting makes Riordan Manufacturing the standard in the
industry so other companies are forced to compare if they intend to compete. Most
critical to a company’s sustainability is their ability to lead and become the
trendsetter, compared to chasing a trend that is being using by the competition.
The second advantage for Riordan is their advantage of having state of the art
design capabilities. Riordan has established themselves with state of the art design
capabilities which allow them to save time by efficiently providing high quality
products to their clientele. This ability becomes a significant competitive advantage
and is a cost effective way to produce quality materials while maintaining the
standards and integrity of the Riordan brand. In fact, this advantage that Riordan
has permits them to product more units without compromising the environment

3. since waste is avoided. Finally, Riordan Manufacturing must establish short term
and long term goals which will permits them to compete in today’s market and
remain competitive for years to come. Nevertheless, it’s critical to consider the
economic element of our nation and the habit it has of repeating itself throughout
history. Companies that are able to succeed through difficult economic times are
usually able to do so because of unique marketing strategies and integrity of
business. Furthermore, a resilient company must be able to make frequent
adjustments through hard in times in order to survive those moments and strive
immediately as the economy gets better. In all, Riordan Manufacturing is able to
take advantage of all their abilities and establish themselves as a solidified
company.
Strategic Plan
Why Riordan Needs a Strategic Plan
The shareholders of Riordan and the operational leaders of Riordan must equally
share the goal of establishing a strategic plan which reflects the company’s mission
statement in order to be successful. In general, Riordan must have a strategic plan
in order to secure a solidified future for the company. Otherwise, Riordan will
establish a risk for corruption that can occur at any time in the future. Nevertheless,
strategic planning will also help project were the company will be financially and
structurally in the coming future. It is important to project the company’s future
because it will help Riordan maintain competitive. Furthermore, it’s important to
share particular plans and expectations with the members of the company in order
to identify any flaws or defects that will affect the performance of the company.
Riordan Manufacturing does have a mission statement but they do not publicize it
on the company’s website. The organization should change this because their
goals and ambitions should be clearly recorded in order to provide a goal for the
future and a projection on were the company should be in years to come.
Furthermore, this will allow the company to establish budgets in the coming years.
The only way to be sure that Riordan is evolving in the correct manner is to
analyze the products and services. The research department should ensure that
the products are the latest trend so that Riordan can continue to provide the best
products in the market. Furthermore, the research team should examine all the
services provided to determine what quality of service is being provided for every
customer. Performance goals are also important for Riordan because it will allow
the leniency for development and improvement. Ideally, Riordan has the
responsibility to establish strategies to achieve strategies and timelines.
Role of Ethics and Social Responsibility

4. Companies in general have the responsibility to contribute to society as well as
make a considerable profit. With this in mind, Riordan must be aware of the ethical
and social responsibilities as they establish a strategic plan. As they establish a
strategic plan, Riordan Manufacturing must also consider employee and
community rights along with social obligations, fairness, integrity, and potential
implications. Furthermore, having acknowledgement of these numerous elements
helps management and their employees exercise ethical and s
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