Political Science

Riordan is a global plastics manufacturing company that is fully owned by Riordan industries. This company is the industry leader in manufacture of plastics. The strategic plan of Riordan details its expansion plan to global markets in the Chinese and Asian Pacific markets. The United States dollar is expected to weaken in the future hence Riordan Manufacturing wants to expand its operations to China markets. Also, industrial activities and markets are growing in China making this country a good and effective target market for Riordan manufacturing. Given the fact that Riordan Manufacturing already operates in China it is expected to be easier to expand operations in this country. Riordan manufacturing has also identified Asia Pacific as a target market. This is because outsourcing productions have been targeting this region owing to the lower operation costs and less expensive labor found in this region. The main strategic element of Riordan Manufacturing is overseas expansion. Markets in the United States have almost reached a dilution point and the economy has been hit by several critical forces including financial downturns and recession. Also, globalization has made it possible for companies to expand and explore new markets as well as expand their operations in emerging and developing economies.

Currently, the company has employed 550 employees and its projected earnings amount to 46 million US dollars per annum. The companys revenues amount to over one billion US dollars. Riordan manufacturing company deals with production of plastic beverage containers which are produced at its plant in Georgia, Albany, production of custom plastic parts at Michigan, Pontiac, and lastly the production of plastic fan parts that are produced in facilitiesplant located in China, Hang Zhou. Riordan Manufacturing has its headquarters as San Jose whereby most of the research and development are carried out. The major customers of Riordan manufactures include aircraft manufacturers, manufacturers of automotive parts, department of defense, manufacturers of appliances and bottlers and beverage makers.

The mission of Riordan Manufacturing is to use polymer materials to meet and even exceed the customers expectations via the use of research and development and application of six sigma approach to improve standards of manufacturing products as well as exceed the standards set by ISO 9000. Riordan Manufacturing is also focused on ensuring that its research and development are continually improved to enable it identify and adapt to industrial trends hence remaining as the industry leader in manufacture of plastic products. Riordan manufacturing company was established in the year 1991 by Dr. Riordan and its initial focus was mainly on research and development. The company later expanded to plastic beverage containers production in the year 1993 after acquiring a plant at Albany.

The key success factors for Riordan manufacturing are founded on the objectives of the company. Plan implementations key success factors entails identification and expansion to global markets. This is bound to increase the organizations potential as well as help the company raise additional revenues. Global markets pose an opportunity for the company to take its products to countries that have higher demands services and products currently being offered by Riordan manufacturing company. This is a major success factor in that it will enable the company obtain financial resources which can be utilized in research and development necessary to ensure that the needs of target markets in Asia Pacific (identified in strategic plan). Marketing is another success factor that will be used with an aim of attracting consumers to the company. This will also help in opening up new opportunities and avenues for further research and development for developing products that meet the needs of customers.