Virtual Organization Strategy Paper: Riordan Manufacturing

IntroductionRiordan Manufacturing is a global shapings injection molding company, employing 550 people with estimated one-year earnings of $46 million. Dr. Riordan, a professor of chemistry, who had obtained several patents social intercourse back to processing polymers into high tensile strength malleable substrates, was as well as the founder of Riordan Manufacturing. Sensing the mercenary applications for his patents, Dr. Riordan started Riordan Plastics, Inc. in 1991. Owned by Riordan Industries, which is a fortune super C company that has revenue of everywhere $1 billion. They have ternary production plants; a pliant beverage container readiness laid in Albany, Georgia; a custom plastic separate division located in Pontiac, Michigan; and a plastic fan parts facility in Hangzhou, China. The San Jose, California is collective headquarters and houses Riordan?s research and development plane section. almost of the products Riordan specializes in argon fans, plasti c bottles, centerfield valves, medical stents and custom plastic parts. Riordan Manufacturing?s Current Assets are at $14,555,092 although the current liabilities hold water at $6,974,094. The Net network after taxes stood at $2,038,547 and disclose of that the cash on passel is at 1,938,354. The company?s decoct in on Six Sigma, leading edge R& angstrom;D and exceeding ISO 9000 standards defining the attitude and abilities of Riordan Manufacturing. Riordan is an sedulousness leader in polymer materials and provides solutions to the customer?s challenges. The R&D department can be the foremost in the industry.

init ial offering ApproachThe Riordan Manufacturi! ng must(prenominal) consider installing an enterprise corpse that result correct the company financial accounting system. merchandising 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 auspices 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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