Although Riordan Manufacturing has a generic strategic direction, a complete reassessment and development of the strategic plan must take place after the move to China. Environmental scanning, strategy formulation, strategy implementation, evaluation, and monitoring are fundamental to creating a strategic plan (Wheelen & Hunger, 2010). Because strategic planning is an integral part of Riordan's business strategy and success, the Board of Directors asked Team B to formulate a comprehensive strategic plan for their organization. Reasoning for the Strategic PlanA strategic plan will maximize Riordan's resources to achieve its business objectives and maximize its value. For Riordan to have a successful strategic plan, it is best for the company to conduct a SWOT analysis. The first step is to identify Riordan's strengths. Riordan Manufacturing has three operating entities located in Georgia, Michigan and California, as well as a joint venture in the People's Republic of China. This allows them to expand their reach into new markets, both domestic and foreign markets. Riordan secured fifteen major clients, twelve minor clients, and a government fan contract. Riordan Manufacturing has weaknesses within the company. It needs to consolidate customer information across all its locations to provide better customer value. Riordan needs to consolidate the closing of the general ledger as well as the income statement and balance sheet in a more efficient and timely manner than is currently the case. Riordan is having difficulty finding a low-cost, user-friendly way to conduct audits. Riordan's manufacturing industry presents great potential for opportunity and growth. Riordan can reduce operating expenses, resulting in a...... middle of paper...... future. (2011). Retrieved from http://www.artofthefuture.com/SD.htmlDummies. (2011). Retrieved from http://www.dummies.com/store/product/Strategic-Planning-Kit-For-Dummies-2nd-Edition.productCd-1118077776.htmlForbes. (2011). Retrieved from http://Change Management and Change Leadership: What's the Difference? Riordan Manufacturing. (2006). Riordan Manufacturing Game Plan [PowerPoint Slides]. Retrieved from https://ecampus.phoenix.edu/secure/aapd/CIST/VOP/Business/Riordan/Ops/StrategicPlanning.asp.Small Business Chron. (2013). Social or ethical issues that businesses face in a foreign market. Retrieved from http://smallbusiness.chron.com/social-ethical-issues-companies-face-foreign-market-48721.htmlWheelen, TL and Hunger, JD (2010). In Strategic Management and Business Policy Concepts for Achieving Sustainability, Twelfth Edition. Pearson Education.