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Evaluating Options Strategic Plan Part
Evaluating Options Strategic Plan Part
Order ID 53003233773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Evaluating Options Strategic Plan Part
Riordan Manufacturing is a multinational plastic manufacturing company based in China. It is owned and controlled by Riordan manufacturing industries. The company markets its products globally. The company’s mission, vision and goals are; the mission of the company is to enhance global supply of plastic materials and ensure environmental conservancy in the company’s operational activities. The company’s vision is to become the leading global plastics manufacturers. The company’s goals are to ensure that it supplies high quality plastic products to its customers in the global arena.
Competitive Advantage
Riordan Manufacturing has a highly competitive advantage over its competitors. Riordan manufacturing was established many years ago and from past experience, the company has endured tough economic times and performances. Due to these experiences, the company has been able to adapt well and formulate proper mechanisms through which it can overcome many of the challenges and difficulties that it is faced with. New companies are more likely to be hard hit by tough economic times and depressions. While they are faced by such challenges, Riordan is likely to continue to register a successful trend in performance (Ghemawat, 2007).
The company has a strong economic base. A strong economic base is of great importance in helping the company expand its operations and open up new centers and branches worldwide. Large amounts of capital are required by a company in expanding international operations and branches. Many other companies that manufacture plastic products are less likely to expand their global operations due to lack of an adequate supply of capital resources (John, 1999).
The company has a good and positive management background. The healthy management provides good leadership and management of the company’s resources in a wise and most informed manner. The management is vital to the success of a company since the decisions a company makes are paramount to the success of the business. The managers are experienced enough and can steer positive development in the company.
The company’s large capital base enables it to conduct R&D in enhancing the manufacture of better and more improved products. Through R&D, Riordan manufacturing is able to develop new brands and manufacture better products unlike their counterparts who aren’t able to inject much into R&D activities. This gives Riordan an upper hand in the development of its products and meeting or enhancing customer satisfaction (Ghemawat, 2007).
Potential for Value Creation
The company has a big potential for value creation in many different aspects. The company, through R&D activities is able to develop better more refined products. The development of better products is aimed at creating better value in the products of the company. The development of these products is aimed at ensuring that the value of Riordan products meets the value and needs of the customers of its products. The company has continually enhanced production of better and improved products to meet the satisfactory levels of consumers. The company strives to manufacture products that are environmentally safe and that serve the needs of the customers at the same time (Ghemawat, 2007).
Situational Analysis of the Company
The company’s greatest challenge is the relationship between its products and the environment. Plastics are not very environmentally friendly and this means that the company has to work with negative criticism from environmental activist groups (John, 1999).
Potential for Global Expansion
The company has a great potential to expand its operations to the global arena. Though the company operates in some countries globally, it has the potential to manufacture and supply plastic products globally.
There are few plastic manufacturing companies in many different parts of the world. The company could take advantage of the available market opportunities to expand and open up its outlets. The company could use and take advantage of its current good economic status and position to open up new branches worldwide.
Company structure According to Porters Five Forces Model
The threat of new entrants is relatively high. This is certainly because there are many opportunities that other internal and external investors could take advantage of or exploit these opportunities to start up new companies. The new companies could take up some of the market share currently held and occupied by Riordan (John, 1999).
The threat of subsidiary products in the market is also high. However, the company’s products are of high quality and many customers and countries quantify and approve the products of the company due to their high quality (Ghemawat, 2007).
The bargaining power of consumers in the regions where the company operates is relatively high. The product prices are fair and affordable in the local and international markets where the company has established its markets.
References
Ghemawat, P. (2007). “Managing Differences: The Central Challenge of Global Strategy,”. Harvard Business Review , 59-68.
John, M. (1999). Strategic Options for Global Expansion. Trade and Finance .
Evaluating Options Strategic Plan Part
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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