Virtual Organization - Riordan Manufacturing Essay

Running head: RIORDAN INTERNATIONAL BUSINESS International Business Legal Issues Riordan Manufacturing University of Phoenix BUS415 Business Law Scott Waddell Riordan Manufacturing is an industry leader in plastic injection molding with plants in Georgia, Michigan and now China. With the companys expansion into a global market, the electronic commerce (e-business) will be a beneficial form of commerce that is currently flourishing in the modern world of global business. The Internet is used to buy and sell goods and services world wide. Cheeseman (2004) explains that the economic growth of computer technology and e-commerce has exceeded that of manufacturing in the United States economy. E-business is used to increase†¦show more content†¦To ensure that exports go only to legally authorized destinations, the U.S. government requires a destination control statement on all shipping documents. Each foreign country has its own antitrust laws that must be complied with when exporting. They reflect the nations commitment to an economy based on competition. This provides consumers with goods and services at the lowest price that an efficient business can profitably offer. The Antitrust Division of the U.S. Department of Justice enforces foreign antitrust issues in the Federal Court. Riordan has provided its employees with intensive training so they understand it is unlawful for a U.S. firm to pay or offer to pay money or give anything of value to any foreign official for the purpose of obtaining or retaining business. For example, a person charged with violation of the anitbribery provision of this Federal Corrupt Practices Act (FCPA) may try to use the defense that the payment was lawful under the written laws and regulations of the foreign country or that the payment was associated with demonstrating the product. Prosecution under federal criminal laws in the Federal Court c an be subject to imprisonment and fines. Riordan personnel are aware that if a person or company is found in violation of the FCPA, they can be banned from doing business with the federal government and can be suspended the right to do business in the U.S. International Business Differences and E-business RestrictionsShow MoreRelatedRiordan Manufacturing Virtual Organization.1084 Words   |  5 PagesRiordan’s Manufacturing Strategy According to  PWC  (2008), â€Å"today, business strategy and talent management are linked as an integrated talent management framework combining organization, business process and technology. Riordan’s Manufacturing manages their human capital and talent as strategic assets. They achieved by aligning the workforce with business objectives and by use performance metrics to drive decisions, monitor and improve results. This strategy shows how Riordan Manufacturing can successfullyRead MoreVirtual Organization Strategy Paper: Riordan Manufacturing1297 Words   |  6 PagesIntroductionRiordan Manufacturing is a global plastics injection molding company, employing 550 people with estimated annual earnings of $46 million. Dr. Riordan, a professor of chemistry, who had obtained several patents relative to processing polymers into high tensile strength plastic substrates, was also the founder of Riordan Manufacturing. Sensing the commercial applications for his patents, Dr. Rio rdan started Riordan Plastics, Inc. in 1991. Owned by Riordan Industries, which is a fortuneRead MoreIntegrative Problems and Virtual Organization Strategy Essay901 Words   |  4 PagesIntegrative Problems and Virtual Organization Strategy Finance for Business 370 March 21, 2012 Integrative Problems and Virtual Organization Strategy Team A has been assigned the task of examining expansion methods for the Riordan Manufacturing Company. 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