Team C Week 4 Competitive Advantages Paper

1127 Words Jul 11th, 2015 5 Pages
Competitive Advantages Paper
MGT/498 Strategic Management
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Competitive Advantages Paper
Riordan manufacturing is a leader in innovation and plastics manufacturing. The company was founded by Dr. Riordan, who in 1991 setup headquarters in San Jose, California and has manage to be a dynamic force, changing with needs of the industry. Through a series of strategic decisions, the company managed to purchase the Pontiac, Michigan manufacturing plant in 1992 via a venture capital arrangement, and later vertically expanded liquidity and progressive revenue earnings in 1993 when it acquired a manufacturing facility in Albany, Georgia. In the year 2000, Dr. Riordan seized the opportunity to expand globally by opening
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In each of the aforementioned areas, the company can make cutbacks on procedures and maintain the same results. In the manufacturing side of the business the organization can move parts and other essential tools closer to the work area and organize steps or procedures. Additionally, the company should automate the supply chain to help replenish supplies regularly. The research and development department is the leader in new trends, which means the department is constantly looking for ways to make the product cheaper and maintaining the same quality (Wheelen & Hunger, 2010). Riordan’s research and development department will create new ways to test the products durability and quality. The Riordan Manufacturing Company is securing their position as the leader in the plastic industry. By streamlining multiple areas in the company it will cut cost and make the company more efficient. The streamlining process will eliminate procedures and departments, which the company no longer requires. The streamlining process will make the company 32% more efficient over the next 10 to 15 years or even longer (Wheelen & Hunger, 2010).
Explain how the global market would affect the business strategy of Riordan The global market would affect the business strategy of Riordan in multiple ways. The company would require more than a regular business strategy and will add a global business

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