Riordan Manufacturing
Strategic Plan: Riordan Manufacturing Inc.
What role should ethical and social responsibility considerations have in Riordan’s strategic management plan?
Ethical and social responsibility should be strongly considered in Riordan’s strategic management plan. Companies that support strategic corporate social responsibility focus on factors such as identifying opportunities and threats facing stakeholders, managing relationships with stakeholders, creating sustainable business practices, and most important, balancing societal and economic value (Ballowe, 2013). Companies that participate in socially responsible and ethical decision-making practices thrive. These same companies are guided by values that are well expressed tend to develop strong …show more content…
Strategy implementation is the sum total of the activities and choices required for the execution of a strategic plan. It is the process by which objectives, strategies, and policies are put into action through the development of programs, budgets, and procedures (Wheelen, T. L., & Hunger, J. D. 2010). Riordan Manufacturing has a lot of resources that can be used to branch out to others and competitors internationally that are being implemented in the business plan. There are many departments within the company that plays a big part as well and every department and person has their own action plan to obtain to make sure there is success and goals are being accomplished. Following the mission, vision, values are necessary to contribute and abide by to know and understand the purpose and the outcome of what is being giving by the company as a whole. With the company wanting to increase client base they can implement new products, technology, and new market segments to clients by taking that first step to reach out and voice the changes of products and services to innovate new and improve materials to make connection to different people in the industry, and how the outcome can change for the future of the …show more content…
(2013). Strategic Corporate Responsibility. Retrieved from http://mystrategicplan.com/resources/strategic-corporate-social-responsibility
Carpenter, M. A., & Sanders, W. G. (2009). Strategic Management: A Dynamic Perspective Concepts and Cases (2nd ed.). Upper Saddle River, NJ: Prentice Hall.
Johnston, K. (n.d.). Performance Appraisal For Quality of Work. Retrieved from http://smallbusiness.chron.com/performance-appraisal-quality-work-13099.html
Light, D. W. (2004, June). The Executive Corner. Retrieved from http://businessbuilders.bz/archives/06-15-04.htm
McCabe, J. (2008, October). Elder Care. Journal of Practical Estate Planning, 10(5), 7-49.
Payne, D., & Joyner, B. E. (2006, May). Succesful U.S. Entrepreneurs: Identifying Ethical Decision-Making and Social Responsibility Behaviors. Journal of Business Ethics, 65(3). doi:10.1007/s10551-005-4674-3
Pirraglia, W. (2014). Why Is Strategic Planning Important to a Business? Retrieved from http://smallbusiness.chron.com/strategic-planning-important-business-2671.html
WILLCOR. (2002). Manufacturing Readiness Levels. Retrieved from
What role should ethical and social responsibility considerations have in Riordan’s strategic management plan?
Ethical and social responsibility should be strongly considered in Riordan’s strategic management plan. Companies that support strategic corporate social responsibility focus on factors such as identifying opportunities and threats facing stakeholders, managing relationships with stakeholders, creating sustainable business practices, and most important, balancing societal and economic value (Ballowe, 2013). Companies that participate in socially responsible and ethical decision-making practices thrive. These same companies are guided by values that are well expressed tend to develop strong …show more content…
Strategy implementation is the sum total of the activities and choices required for the execution of a strategic plan. It is the process by which objectives, strategies, and policies are put into action through the development of programs, budgets, and procedures (Wheelen, T. L., & Hunger, J. D. 2010). Riordan Manufacturing has a lot of resources that can be used to branch out to others and competitors internationally that are being implemented in the business plan. There are many departments within the company that plays a big part as well and every department and person has their own action plan to obtain to make sure there is success and goals are being accomplished. Following the mission, vision, values are necessary to contribute and abide by to know and understand the purpose and the outcome of what is being giving by the company as a whole. With the company wanting to increase client base they can implement new products, technology, and new market segments to clients by taking that first step to reach out and voice the changes of products and services to innovate new and improve materials to make connection to different people in the industry, and how the outcome can change for the future of the …show more content…
(2013). Strategic Corporate Responsibility. Retrieved from http://mystrategicplan.com/resources/strategic-corporate-social-responsibility
Carpenter, M. A., & Sanders, W. G. (2009). Strategic Management: A Dynamic Perspective Concepts and Cases (2nd ed.). Upper Saddle River, NJ: Prentice Hall.
Johnston, K. (n.d.). Performance Appraisal For Quality of Work. Retrieved from http://smallbusiness.chron.com/performance-appraisal-quality-work-13099.html
Light, D. W. (2004, June). The Executive Corner. Retrieved from http://businessbuilders.bz/archives/06-15-04.htm
McCabe, J. (2008, October). Elder Care. Journal of Practical Estate Planning, 10(5), 7-49.
Payne, D., & Joyner, B. E. (2006, May). Succesful U.S. Entrepreneurs: Identifying Ethical Decision-Making and Social Responsibility Behaviors. Journal of Business Ethics, 65(3). doi:10.1007/s10551-005-4674-3
Pirraglia, W. (2014). Why Is Strategic Planning Important to a Business? Retrieved from http://smallbusiness.chron.com/strategic-planning-important-business-2671.html
WILLCOR. (2002). Manufacturing Readiness Levels. Retrieved from