Virtual Organization Strategy Paper: Riordan Manufacturing

IntroductionRiordan Manufacturing is a global moldables injection molding company, employing 550 people with estimated annual earnings of $46 million. Dr. Riordan, a professor of chemistry, who had obtained several patents semblance back to processing polymers into high tensile strength pliable substrates, was as well as the founder of Riordan Manufacturing. Sensing the commercialized applications for his patents, Dr. Riordan started Riordan Plastics, Inc. in 1991. Owned by Riordan Industries, which is a fortune chiliad company that has revenue of everywhere $1 billion. They have one-third production plants; a elastic beverage container readiness located in Albany, Georgia; a custom plastic move division located in Pontiac, Michigan; and a plastic fan parts facility in Hangzhou, China. The San Jose, California is integrated headquarters and houses Riordan?s research and development plane section. round of the products Riordan specializes in argon fans, plastic bot tles, centerfield valves, medical stents and custom plastic parts. Riordan Manufacturing?s Current Assets are at $14,555,092 although the current liabilities post at $6,974,094. The Net network after taxes stood at $2,038,547 and unwrap of that the cash on passel is at 1,938,354. The company?s commission in on Six Sigma, leading edge R& adenylic acid;D and exceeding ISO 9000 standards defining the attitude and abilities of Riordan Manufacturing. Riordan is an constancy leader in polymer materials and provides solutions to the customer?s challenges. The R&D department can be the foremost in the industry.

i nitial offering ApproachThe Riordan Manufact! uring must(prenominal) consider installing an enterprise administration that result correct the company financial accounting system. change of shares using the IPO and going public opens the company to increase observation. The Securities and Exchange boot (SEC), state regulators, and the financial community, such as brokerage houses. The Riordan Manufacturing will need to make regular reports to the shareholders and to the security department regulators. Presently, the financial describe is performed inaccurately and inefficient... If you want to get a full essay, dress it on our website: OrderCustomPaper.com

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