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o Why does Riordan need a strategic plan?
o What role should ethical and social responsibility considerations have in Riordan's strategic management plan?
Strategic Plan - Riordan
The board of directors for Riordan Manufacturing has asked your team to create a strategic plan for the organization. Create a strategic plan for Riordan Manufacturing starting from what you learned in Week One and using a similar strategic management process as Concepts in Strategic Management and Business Policy by Wheelen and Hunger. You may also use information from the team project you completed for Riordan Manufacturing in Week Four to create the strategic plan. Cover thoroughly the areas of environmental scanning, strategy formulation, strategy implementation, and evaluation and control.
Address the following questions in your strategic plan:
Cover thoroughly the areas of
Riordan has its facilities in San Jose, Hang Zhou, Georgia and Michigan. The political factors are favorable to Riordan, the tax policies are moderate, employment laws are reasonable, the trade restrictions have come down and there is political stability all over the world. Riordan makes plastic products like parts, beverage containers and plastic fan parts. The economic environment of Riordan is relatively weak, the economic growth is low, interest rates in the US are low, and in some parts of the world the inflation rate is high. Further, the social factors are favorable as people are more in favor of plastics. The attitudes towards the use of plastics are improving. There is great emphasis on safety and plastics ...