Riordan Manufacturing Strategic Plan Essay

2656 Words Sep 6th, 2011 11 Pages
Riordan Manufacturing Strategic Plan

MGT/498
Riordan Manufacturing Strategic Plan Strategic managers have responsibility to both the employees and stakeholders of the organization. Engaging in strategic management decisions should include ethics and social responsibilities. The expectation of such responsibilities from stakeholders is to fulfill legal and ethical economic decisions. Satisfying the purpose of the strategic planning process for Riordan Manufacturing, the management team has taken into consideration the economic, legal, ethical and discretionary responsibilities. According to Wheelen and Hunger (2010), the ethical and discretionary responsibilities are also known as social responsibilities. Ethical
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Riordan, like other companies, needs a strategic plan. The plastic injection molding company uses modern design capabilities to provide innovative plastic products to national and international customers. Riordan advertises that “attention to detail, extreme precision and enthusiastic quality controls are the hallmarks of Riordan Manufacturing” (Apollo Group, Inc., 2004, Internet). By setting such high standards in a lucrative and competitive industry, it is imperative to Riordan’s success that they implement a strategic plan to manage long-term profitability and sustained growth.
Ethical and Social Responsibility To understand the role that ethical and social responsibility considerations occupy in the development of Riordan’s strategic organizational planning, one must first recognize what these concepts mean. According to Merriam-Webster (2011), ethics is “the discipline dealing with what is good and bad and with moral duty and obligation” (para. 1). Outside of this general definition that ethics are standards for morality, researchers and philosophers have actively sought for many years for a comprehensive and all-encompassing explanation of what is and is not ethical. Many factors contribute to the meaning of ethics and corresponding behaviors, including but not limited to culture, religion, societal influences and pressures, and various stages of moral development. Though social
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