Virtual Organizations In the past, college graduates would embark on careers in the business world with book learned business theory. Now the college curriculum can include practical use of real world situations in a web-paged virtual organization. This virtual organization allows students experience to review, analyze, troubleshoot and resolve real business problems. This paper will review the virtual company, Riordan Manufacturing, allowing students to review existing business systems, identify improvements or introduce new business systems to allow the company to thrive in the growing technology of the business world. Riordan Manufacturing Riordan Manufacturing, a company that is wholly owned by Riordan Industries, a Fortune 1000 enterprise specializes in the field of plastic injection molding. Riordan Manufacturing was initially Riordan Plastics, Inc., a company founded by Dr. Riordan in 1991 to process polymers into high tensile strength plastic substrates. Due to its initial success and venture capital obtained, it was able to expand and take on a new identity hence the name change. Its products include plastic beverage containers produced at its plant in Albany, Georgia, custom plastic parts produced at its plant in Pontiac, Michigan, and plastic fan parts produced at its facilities in Hangzhou, China. The company's research and development is done at the corporate headquarters in San Jose. Riordan's major customers are automotive parts manufacturers, aircraft manufacturers, the Department of Defense, beverage makers and bottlers, and appliance manufacturers. Riordan’s Mission Riordan has identified criteria in four areas that define the company’s mission statement. First, the company focus is to have attitudes and abilities that exceed industry standards to provide solutions for customer’s challenges and lead the industry in Research and Development. Second, the mission for customer relationships is to be a solution for the customer, maintain quality, innovation, and customer service at a reasonable price. Third, to ensure the long-term viability of the company, the mission to the employees is to have an innovative and team oriented working environment, in addition to keeping the employees informed and supported. Lastly, the future of the company depends on maintaining profitability to allow growth in the company (Apollo Group, 2004). To meet the company focus of being the industry leader in R&D, there must be a commitment by management to stay ahead of the curve in technology for R&D.
Introduction: In this task I am going to be talking to you about the way my two organisations which are Tesco and British Heart foundation fulfil their purpose. I will also be including the way that the departments work together or individually to achieve the aims and objectives of the business including the business purpose. I will be extending the task be explaining what value statement and mission statement are and also the way that S.M.A.R.T objectives are used by organisations. Business use S.M.A.R.T objectives as a way to help them evaluate their aims and objectives, and see whether their aims are specific, measurable, achievable, realistic and timed.
4 company’s skills and objectives, the customers they were trying to attract, the competitors they
In a world of fast-challenging technology, we can only remain competitive by continuously refining and expanding our technical capability.
We understand the importance of our missions and the trust our customers place in us. With this in mind, we strive to excel in every aspect of our business and approach every challenge with a determination to succeed.
This Company made their mission statement in 2012 and according to me this mission and vision statement is good but these need loads of changes as I have read in this course mission statement should be:-
A mission statement is important because it creates the general big picture of the company and every employee can relate to it no matter what their job within the company is. With a list of values and norms the Ivanovics create a level of expectation when it comes to attitude and behavior. If the owners follow the same values and norms as the employees, the employees will feel like they are a meaningful part of the business. This will allow the employees to feel more committed to their jobs.
To gain such achievements and maintaining leadership qualities company focuses on key elements like planning future and successful breakthrough .The focus of company work is the most complex and productive human resources, which is a new global network of design and rise in automation, systems, and platforms assignment. Technology
Examples are mass-produced diesel engine to the invention of the elevated sprocket. But, in their more important is how to integrate their company's industry-leading products and services to their customers to provide solutions that make life easier, more productive machinery and happy customers. To give satisfaction to the customer about the products, the company must make a variety of research to ensure that the resulting product is very good quality, did not have any defects or blemishes. • Research and Development To achieve the vision and mission of the company, Caterpillar has made innovation on research and development by taking more than 11,000 engineers and more than 350 scientists and PhD-level experts in technology result in high quality products. They also have more than 15,000 active patents and engineer their products in almost every continent.
The new mission is more specific, satisfying five components of the MCM Nine-Component Test (“Component,” 2014), such as customers (“corporate customers”; “job seekers”), services (“global recruiting”), markets (“global market”), self-concept (partly in “continue to lead”), and concern for public image (superior service indirectly expressed in the entire mission statement). It failed to incorporate its basic technology (component #4 Technology), economic objectives (#5 Concerns for survival, growth, and profitability), philosophy (#6), and concern for employees
The virtual organization is a network of independent suppliers, customers, and even competitors, generally tied together by computer technology (Roger, 1991). They share skills, costs, and access to markets. It is tend to have flat structures in which information and decision making move horizontally (Judith R.G, 2002). Through the support of modern electronic system, it becomes possible to link people across formal organizational boundaries (Judith, 2002, quoted in S.G. Straus, S.P. Weisband, and J.M. Wilson, 1998).
When the buzzword of business model was very active and reactive during the internet boom, many individuals did not understand the concept of the proper business model for the proper business (Magretta, 2002). When not utilizing the right type of model for the organization, the model will be misused and distorted (Magretta, 2002). Understanding the traditional organization and learning organization, will allow an organization to determine which time of organization they desire the most.
There are some international standards for preparation of goods so every organization must follow those standards in preparation of product. Here in this type of products are tested by the device called DIRECT READING OPTICAL EMISSION SPECTRO METER, by sing this methods alloy castings are tested. If any unethical practice is applied in the process the company sued in the court.
The mission statement of the company was “As we grow as a company, it has become more and more important to explicitly define the core values from which we develop our culture, our bran...
Managers should take note of the value in inquiry, development, and forecasting future technological innovations in order to keep ahead of their competition.
The statement of a mission encourages one to progress to succession. A mission statement involves strategic planning in ...