University of Phoenix Material
Team Strategy Plan
1. Complete the following table to address the creation of teams at Riordan Manufacturing.
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
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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