Riordan’s Competitive Advantages

Riordans Competitive Advantages The research pull up stakes describe which warring vantages Riordan has in common with McDonalds and Burger King. This study go out estimate, which competitive st considergies Riordan could use to mitigate construct and sustainability of assembly line operations both(prenominal) in the United States and in the global marketplace. Research will apologize why those competitive strategies were chosen and estimate how they whitethorn affect sustainability of semipermanent organisational performance. The examination will also explain how the global market would affect the business strategy of Riordan.Riordan Organization McDonalds and Burger King The McDonalds Corporation and the Riordan Manufacturing Company argon both main industry leadership in their own field. One major competitive advantage that each(prenominal) company has in common is differentiating their intersections. Each company has a grade of items that meets the need of their co nsumers. The three companies sell both contently and internationally. Burger King, Riordan, and McDonalds amplification their sales by offering price discounts, and sale promotions to ensure that their prices are affordable to eitherone in need.All three companies use price leadership, focus, and distinction simulated military operation to gain a competitive advantage over their competition. Another commonality between the three companies is that they use some type of reward and incentives curriculum to ensure that they are recognizing their employees for operational excellence. Riordan Innovation Strategies Innovation Riordan could outgrowth innovation and sustainability for the business operations in the United States of America and globally by implementing a strategic electrical condenser plan.This plan will increase effectiveness, ply improvement to its supply chain, and implement the methods and concepts of tip off production to gain measure and over time help sust ain competitive advantage. Strategic capacity planning starts with better use of resources by reducing waste of edged material and producing products in good time at a trim down cost. Riordan should make sure it has stock available and on the shelf, which will stop the inventory cost to rise. Riordan evoke increase its competitiveness by apply farsighted capacity planning, by making use of the breakeven analysis of financial statements.This will help Riordan improve the affect that it already uses, and by employ the just-in-time inventory, which would help the company in the area of its operation processes. These strategies can be implemented by ensuring a better eye for detail, adding the key value of extreme precisions and enthusiastic quality control to help continued checky in the future. Business Decisions Differentiation and cost leadership were two strategies chose because they are the most common between the different companies. Amazingly two starring(p) organiza tions from different industries are using the same competitive strategies and tactics.The two competitive strategies may be the reason both organizations are leading inwardly their industries. Differentiation is a type of competitive strategy with which the organization seeks to jazz its products or service from competitors (Valdehueza, 2009). Riordans organization sells heart valves, plastic bottles, fans, and aesculapian stents. Clearly, they have a large variety of products. According to Valdehueza, cost leadership is a competitive strategy with which the organization aggressively seeks efficient facilities, cuts costs, and employs tight fitting cost controls to be more efficient than the competition.Decreasing business costs every way possible while providing customers with a high quality product is a definite way to ensure an advantage over the competition. Sustainability When organizations masters cost leadership, and differentiation they will began to meet and exceed lon g goals. The organizations can use these two strategies for every business situation they may encounter. Proper use of both strategies will result in sustainability and organizational performance. Competition between companies will render a winner and a looser.In the competition process in efforts for the winners to win, they have to increase consumer value to reward the customer. This method alone will create long-term sustainability within the corporation. Organizations create customer loyalty by increasing consumer value in efforts to reach the competition. Continual improvements of this particular process will sustain long-term organizational performance, and operational excellence. Global commercialize Affect Business strategy The globalization of markets is the merging of diachronicly distinct and separate national markets into one larger global marketplace (Hill, 2009).With any form of globalization, companies will have to study international measurement issues. Riord ans Plastic began with international measurement in efforts to prepare the company for the global market. According to Hill, the globalization of production is the sourcing of services from one location around the world to take advantage of national differences in the cost of factors or production in labor energy, land, and neat (2009). International measurement issues include return on investments (ROI), reckon analysis, and historical comparability (Wheelen & Hunger, 2010). Dr.Riordan insisted on using their resources as a tool to increase profits when he started this company. This way when Riordan became international customer satisfaction and the rate of return was the most important factors. Riordan also postulate a budget analysis as well as a historical comparison to maintain global success. Conclusion One major competitive advantage that each company has in common is differentiating their products. Each company has a variety of items that meets the need of their consumers . All three companies use cost leadership, focus, and differentiation tactics to gain a competitive advantage over their competition.Riordan can increase its competitiveness by using farsighted capacity planning, by making use of the breakeven analysis of financial statement, which will help Riordan improve the process that it already uses, and by using the just-in-time inventory, which would help the company in the area of its operation processes. Differentiation and cost leadership were two strategies chose because they are the most common between the different companies. When an organization masters cost leadership, and differentiation they will began to meet and exceed long-term goals.Continuous improvements of this particular process will sustain long-term organizational performance, and operational excellence. Riordan also needed a budget analysis as well as a historical comparison to maintain global success. References Chauhan, S. , Nagi, R. , & Proth, J. (2004) Strategic cap acity planning in supply chain design for a new Market opportunity International Journal of Production Research 42(11), p. 2197 2206 Hill, C. W. (2009) International business competing in the global marketplace (7th ed. ) Boston, MA McGraw-Hill Shields, T. 1999) Tutorials lean production / lean manufacturing Defense Acquisition University. Retrieved January 31, 2012, from http//www. dau. mil/educdept/mm_dept_resources/navbar/lean/01rdg-lean. asp Valdehueza, Gregar, D (2009) scheme Formulation, and Implementation Retrieved from http//www. slideshare. net/gar_dev/strategy-formulation-and-implementation-1224519 Wheelen, T. L. , & Hunger, J. D. (2010) Concepts in strategic management and business constitution Achieving sustainability (12th ed. ) Upper Saddle River, NJ Pearson/Prentice Hall