Riordan Manufacturing Case Study
1. Explain how the global market would affect the business strategy of Riordan.
2. What internal dynamics along with cultural and structural leadership considerations should be used in implementing business strategy for Riordan?
3. How do they influence business continuity (the internal dynamics along with cultural and structural leadership how do they influence business continuity)?
Riordan Manufacturing Inc. (n.d.). Mission. Retrieved from https://ecampus.phoenix.edu/secure/aapd/cist/vop/business/Riordan/RioMfgHome002.htm© BrainMass Inc. brainmass.com June 4, 2020, 3:30 am ad1c9bdddf
1. The global market can create a significant and almost immediate opportunity for businesses. However, without proper planning these opportunities can quickly become significant issues for the organization and the communities they are attempting to serve. Cultural differences, management practices, employment issues, impact on stakeholders, and political or legal ramifications are all topics that should be carefully considered before venturing into the global marketplace.
Cultural differences are unavoidable, but being able to morph your own behaviors to the standards established by the culture of the country you are entering is unfortunately not always followed. Conflicts often arise due to cultural differences that are unknown in which 'normal' behavior in the home country being considered inappropriate or rude in the new country. As with any international organization, procedures and practices need to be adaptable to fit in the new environment. This practice is not only common courtesy, but can quickly translate into success or failure depending on the ability of the organization to adapt.
Riordan does not have a management plan to address the cultural differences and potential issues that will arise from an international expansion. While managerial theories may be universal, the application of these theories can differ greatly between various cultures. It would be prudent for Riordan to research the cultures and norms of the new country and use this information to craft an international management strategy before venturing into unknown waters. Since Riordan has a joint venture in China, personnel from both organizations should work together to ensure that management metrics are met while appeasing the cultural differences between the United States and China.
Additionally, Riordan does not address the recruitment and selection practices that are used in China. It would be practical to assume that the employment process is different in China from both the employee and employer perspective. Riordan need to develop a ...