Oi 361 Essay Example
Benefit and Drivers
Benefits and Drivers Riordan Manufacturing vision is “Focus on achieving and maintain reasonable profitability to assure that the financial and human capital is available for sustained growth.” To achieve the vision Riordan manufacturing mission is to become industry leaders in using polymer materials to provide solutions to customer’s challenges. Riordan’s management team is developing a consultant tem to create a new focus on creativity and innovation (Riordan Mfg., 2013). Team A will assume the role of consultant team for the Riordan and identify the internal and external drivers of innovation for Riordan. Also, describe how innovation, design, and creative thinking may benefit Riordan in terms of meeting its organizational objectives. Internal Drivers - Erica At Riordan Manufacturing, there are many internal drivers of innovation. Our customers are our main driver simply because if their needs are not met on a consistent level customer loyalty may lose. Maintaining rigorous quality controls, reasonable pricing, a responsive business attitude, and innovative solutions are the initiatives being set forth by Riordan Manufacturing. (Apollo Group, 2013) Our staff is another internal driver of innovation. Having employees who are equally trained and have the necessary support, breeds the opportunity to create the proper environment for Riordan manufacturing’s long term success. Financial stability drives innovation because we need to maintain a certain level of profit in order to support the growth of the company. As stated in our mission statement, “Our R&D is, and will remain the industry leader in identifying industry trends.” Our company exists solely to meet the ever-changing wants and needs of our customers. Most companies consider its
Benefits and Drivers Riordan Manufacturing vision is “Focus on achieving and maintain reasonable profitability to assure that the financial and human capital is available for sustained growth.” To achieve the vision Riordan manufacturing mission is to become industry leaders in using polymer materials to provide solutions to customer’s challenges. Riordan’s management team is developing a consultant tem to create a new focus on creativity and innovation (Riordan Mfg., 2013). Team A will assume the role of consultant team for the Riordan and identify the internal and external drivers of innovation for Riordan. Also, describe how innovation, design, and creative thinking may benefit Riordan in terms of meeting its organizational objectives. Internal Drivers - Erica At Riordan Manufacturing, there are many internal drivers of innovation. Our customers are our main driver simply because if their needs are not met on a consistent level customer loyalty may lose. Maintaining rigorous quality controls, reasonable pricing, a responsive business attitude, and innovative solutions are the initiatives being set forth by Riordan Manufacturing. (Apollo Group, 2013) Our staff is another internal driver of innovation. Having employees who are equally trained and have the necessary support, breeds the opportunity to create the proper environment for Riordan manufacturing’s long term success. Financial stability drives innovation because we need to maintain a certain level of profit in order to support the growth of the company. As stated in our mission statement, “Our R&D is, and will remain the industry leader in identifying industry trends.” Our company exists solely to meet the ever-changing wants and needs of our customers. Most companies consider its