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MGT 488 Week 5-Strategic Business Plan

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Strategic Business Plan: Riordan Manufacturing Team A: Strategic Business Management and Planning: MGMT 488 Al Funderburk Strategic Business Plan: Riordan Manufacturing In today's competitive marketplace, an organization's strategic business plan is essential to obtain and maintain competitive advantage. Developing a framework involves understanding the purpose of existence, resources, capabilities, and core competencies and prompts an analysis of internal and external environments to understand encompassing constituents. The document presented provides insight and analysis of Riordan Manufacturing Inc.; addressing internal organizational dynamics and external environmental factors leading to corporate sustainability. Riordan Manufacturing Inc. initiated as Riordan Plastics Inc. in 1991 by Dr. Michael Riordan (Apollo Group Inc. 2006, p. 1). Riordan, according to Apollo Group Inc. (2006) "is a global plastics manufacturer employing 550 people with projected annual earnings of $46 million. The company is wholly owned by Riordan Industries, a Fortune 1000 enterprise with revenues in excess of $1 billion" (p. 1). The company boasts two production plants, one in Albany, Georgia, and one in Pontiac, Michigan. Additional facilities located in Hangzhou, China and a corporate office in San Jose, California, (Apollo Group Inc., 2006, p. 1), prompt international opportunities for growth. Mission A company's mission provides guidance, noting the c ...
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