RIORDAN MANUFACTURING COMPANY

Riordan Manufacturing Company

Riordan Manufacturing Company

Introduction

Riordan Manufacturing leads the industry as a global plastics manufacturer of plastic injection molding. Initially, the company under the management of Dr. Riordan focused on the research and development and successive patenting of key plastics capabilities. In 1992 they extended their focus through the purchase of a fan manufacturing plant in Pontiac, MI. and broaden development in 1993 to plastic beverage containers after acquiring an Albany GA manufacturing plant.

Internal Dynamics

If the company is facing loss, than chances are there that motivational level of employees goes down, which would ultimately affect the performance of employees, and company would be unable to pass the state of loss. In order to become a profitable business a company needs highly motivated workforce, and to keep them motivated company should make them feel like they own the company.

It has been observed that success of any business is largely dependent upon the relationship of employers with its employees. European Commission in a report argue that success of economies is not possible if strategies to enhance relations with labor would not be formed, and stressed on the need of installing such system that could be proven effective for relationship improvement. In this connection if poor relation can affect the economies of countries, than how is it possible for an organization to grow without maintaining and enhancing relationship with its employees. (Andrew, 1999)

Influencing Business Continuity

Strength, weaknesses, opportunities and threats (SWOT) analysis should be done to analyze the current strengths and weaknesses of the organization. Weakness would be minimized and all the measures would be taken to turn weaknesses into strengths. However threat analysis would help company to avoid such things which increases the risk of facing loss. However; all the opportunities that would be highlighted after analysis must be availed as to maximize ...