Team Strategy Plan

Topics: Culture, Strategy, Manufacturing Pages: 4 (552 words) Published: October 12, 2014
University of Phoenix Material

Team Strategy Plan

1. Complete the following table to address the creation of teams at Riordan Manufacturing.

Strategy
Strengths
Weaknesses

Need to have a strong production plan.

Has seen significant growth since its interception.

Customer % has decreased due to slow service.

Use outsourcing to stay competitive

Committed to its product

Expected estimated risks and benefits.

Requires some changes in the legal framework

Has three production facilities

Not using the same accounting software for all three locations.

Moving its China operations from Hangzhou to Shanghai

Strive to solidify its position

Process efficiencies

Riordan strives to be the best leader in using polymer materials so that they provide solutions to customer`s challenges.

A fortune 1000 enterprise

Shipping between Hangzhou and Shanghai can be costly.

2. Identify the team formation strategy that is most suitable for Riordan Manufacturing, and provide the rationale for the decision. Your response should be at least 100 words.

A cost minimization strategy and control cost would be the most suitable strategy for Riordan Manufacturing. Riordan Manufacturing should be able to measure the reporting cost production, marketing, preparing budgets or planning, and make sure the units are adhering to the budget, with tight control and extensive work will specialize high formalization and high centralization. Yet, a cost minimization strategy is an important issue to look at in order to maintain competitive advantages. It is also important to keep track of income and expenses by having control cost, which can be suitable for Riordan Manufacturing. However, by having three production facilities, Riordan Manufacturing products are superior. Riordan Manufacturing has made strategies on how they manufacture and how they market their products.

3. What potential barriers may arise during team...
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