Project Selection Rationale Paper - Riordan Manufacturing

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Become familiar with Riordan Manufacturing by visiting their website using the virtual organization portal provided. The paper needs to identify the international expansion project you'd like to explore and create three or four objectives that you hope to accomplish by implementing the expansion project. Provide an analysis of at least 4 trading blocs and justify the selection of two regional trading blocs that would best accommodate your expansion project. Provide a rationale for each regional trading bloc you select.

Objectives to accomplish by implementing the expansion project
Riordan Manufacturing, Inc. is an industry leader in the field of plastic injection molding. It is owned by Riordian Industries a fortune 1000 enterprise. It is serving the customers by its unique competencies, which are attention to detail, quality control and high precision. Its capacities are located in many parts of USA and also in China.

Mission
To be an industry leader and in polymers by making available innovative and affordable products and services to the customers. The identity of the corporation will be framed by substantive commitment to research and development and giving cutting edge products to the customers.

Riordan's Vision statement

Riordan is envisioned to provide unique products in the polymer industry. Satisfaction of all stakeholders will be emphasized by having Long-term relationships. This will be sought by maintaining rigorous quality controls, innovative solutions, a responsive business attitude and reasonable pricing.

Organization's strategic objectives
- Providing customers innovative solutions globally by undertaking leading edge R&D and maintaining tight quality control by using procedures such as Sixsigma and ISO 9002

- To provide employee satisfaction by maintaining an innovative and team oriented working environment.
- Achieving and maintaining reasonable profitability to assure that the financial and human capital is available for sustained growth.

- To make Riordan a truly international organization

In this we will
1) Increase the international marketability of the Riordan Manufacturing, Inc and Riordan Industries.
2) Open the company to other markets worldwide through partnering with existing organizations, thus reducing the capital output and threat of financial loss.

Trading Blocs
Establishment of trade zones like European Union and NAFTA have enabled countries to cooperate more with each other, take advantage of each other's strengths, and promote international trade volumes. Technology transfers between countries have enabled countries to enforce standards like ISO: 9000 etc. Policies like carbon credits, which are being used by countries worldwide to benefit by decreasing pollution, is being made possible by bilateral trade agreements between countries.

I. NAFTA
NAFTA is a comprehensive agreement to liberalize trade in goods and services, remove barriers to investment, strengthen the protection of intellectual property rights; and establish a framework for further trilateral cooperation. The major provisions can be summarized in ...