Virtual Organization Strategy Paper

1094 words - 4 pages

Riordan Manufacturing, Inc. is a giant in the industry of plastic injection molding, with annual earning each year of $46 million. Their company employs state-of-the-art design capabilities in order to create innovative plastic creations worthy of international praise. They apply careful attention to detail, using extreme precision and quality control, which are all hallmarks of Riordan Manufacturing. The company has several bases in the United States, one in San Jose, California, the next in Albany, Georgia, and a third in Pontiac, Michigan. They also have a fourth base of operations located in Hangzhou, China, marking their launch into international business affairs. Riordan Manufacturing is wholly owned and operated by Riordan Industries, a Fortune 1000 enterprise with revenues in excess of $1 billion.Its many fine products range from plastic beverage containers created at their plant in Albany, Georgia, to customized plastic parts manufactured at their facilities in Pontiac, Michigan, to plastic fans & their associated parts built at its base in Hangzhou, China. Their corporate headquarters in San Jose also serves as the company's station for research and development. Riordan has a number of major recurring customers. These are automotive parts manufacturers, aircraft manufacturers, the Department of Defense, beverage makers and bottlers, and appliance manufacturers.Dr. Riordan, a professor of chemistry, founded the company after obtaining several patents relative to processing polymers into high tensile strength plastic substrates. Foretelling that there could be numerous commercial applications for his patents, Dr. Riordan began Riordan Plastics, Inc. in 1991.From the start, the company's main focus was in the direction of research and development of plastic products, along with and the licensing of its existing patents. Things changed after a year in business, as in 1992 Dr. Riordan used his acquired venture capital to good effect, buying out a fan manufacturing plant in Pontiac, MI. Afterwards, the company's name was altered to match the present one of "Riordan Manufacturing, Inc." In 1993, the company further expanded its business by gaining the ability to produce plastic beverage containers in another acquisition of a manufacturing plant in Albany, GA.The company branched into the world of international trade with its most recent expansion which took place in 2000, as it opened operations in from a base in China. From that point onwards, the entire fan manufacturing operation was no longer in Michigan but in their new base in China, and the Michigan facility was refurbished for the manufacturing of customized plastic parts.Conducting a SWOT analysis is a good idea when a company is considering whether or not to expand its operations. Riordan Manufacturing can change its status from private to public by participating in an IPO (Initial Public Offering), or they can choose to acquire or merge with another company. Riordan...

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