"Riordan Manufacturing is a global plastics manufacturer employing 550 people with estimated $46 Million in sales per year" ("Financial Forecasting Paper Riordan Manufacturing," Docshare: Social Document Sharing, 2011).
Riordan Manufacturing Virtual Organizations is an authentic company; namely, an international plastics manufacturing company. Riordan Manufacturing Virtual organization web-based businesses, schools, healthcare, and government organizations that promote authentic assessment by immersing students into problem-based learning environments. All Riodan Manufacturing Virtual organization students are required to have access to a work setting relevant to their studies, yet some students are challenged to write papers and answer questions with information that they cannot readily access, or that which is proprietary.
For instance, many adult students pursue an education to offer career opportunities in a new industry, but they may not have access to the new industry during their studies. Virtual Organizations provide one solution to this problem by giving students and faculty access to the details of a real-world work setting, even in a different industry. They also provide a relevant context for students to practice solving workplace problems.
Virtual Organizations are distinct from simulations and case studies because they present students with a microcosm of the real world. Problem solving and appropriate execution, critical thinking alongside contemplation skills, and resourcefulness are the commonly employed, promotional skills offered through Virtual Organizations. Activities created in conjunction with Virtual Organizations can also foster highly specific skill sets, depending on what skills are relevant to the course.
Individually, students of Riordan Manufacturing Virtual Organization are required to maintain basic access to a work setting which is relevant to their studies. Though some students are challenged to write papers on promotional Virtual Organizations, as well as answer questions with information that they cannot access, or that which is proprietary to any degree which these students are transgressing, Virtual Organizations promote authentic assessment by immersing students into problem-based learning environments through realistic web-based businesses, schools, healthcare, and government organizations. Several adult students, in one instance, wish to pursue an education to offer career opportunities in a new industry.
A new industry. Let us explore that for a moment. By all means, we can see that the technology of this two-decade period has advanced humanity well enough and far enough to merit such a scholarship, or so we will recognize it, that these may not be able to readily access this new industry during their studies. Riordan Manufacturing Virtual Organizations provide one solution to this problem. They cast both individual students, as well as faculty, access to the details of a real-world work setting. Regardless that it maintains a different industry, these providers also merit a relevant context for students to practice solving workplace problems.
Virtual Organizations maintain distinction from simulations and case studies purely due to the fact that they present students with a microcosm of reality, all the while that they also solve problems readily faced within this seemingly microcosm of virtual reality. These Virtual Organizations that these general skills continually promote through cyber-space are problem solving, critical thinking, as well as academic resources. All activities created in concurrence with readily displayed Virtual Organizations can also encourage highly specific skill sets, which may be readily contingent upon skills relevant to the course.
Riordan Manufacturing Corporate Compliance Plan:
Several improprieties, fraudulent activities, and blatant scandals have been the fault of large corporations within this previous decade. Upon consideration, when we reassess names such as Sarbanes-Oxley Act (SOX) of 2002, formed when the large companies such as WorldCom, Adelphia, and -- likely the most ironclad media attention-getter -- Enron, right alongside several others that collapsed between 2001 and 2002. Congress passed the White-Collar Criminal Penalty Enhancement Act, or SOX (Sarbanes-Oxley Act), in 2002 (Patsuris, 8.26.2002):
With the avalanche of corporate accounting scandals that have rocked the markets recently, it's getting hard to keep track of them all -- but our Corporate Scandal Sheet does the job. Here we'll follow accounting imbroglios only -- avoiding insider-trading allegations like those plaguing ImClone, since chronicling every corporate transgression would be impractical -- and our timeline starts with the Enron debacle.
The true irony, of course, is that these all took place by several corporations that attempted to fraudulently shift perceptions in a wide-open field, throughout the opening of the "Information Age." That entails a certain arrogance on behalf of these illegal corporate activities. Of course this was written during the heat of this corporate "snowball effect." Penelope Patsuris inventively graphed a scale to emphasize all the scandals occurring between June 2000, when Xerox "agreed to pay a $10 million and to restate its financials dating back to 1997" for "Falsifying financial results for five years, boosting income by $1.5 billion," and 2002. This editorial note found at the bottom of this report encapsulates her research:
Editor's Note: The Corporate Scandal Sheet ceased being updated as of September 2002.
This "Corporate Scandal Sheet" from Forbes.com (Patsuris, 8.26.2002) includes Michael Kopper, Stephen Cooper, Arthur Andersen and Kenneth Lay from Enron (November 2001), Global Crossing (February 2002), WorldCom (March 2002), Adelphia Communications (April 2002), CMS Energy (May 2002), Dynegy (May 2002), Reliant Energy (May 2002) El Paso (May 2002),
Tyco (May 2002), Duke Energy (July 2002), AOL Time Warner (July 2002), Bristol-Myers Squibb (July 2002), amongst several others. Due to all this scandalous activity that took place throughout roughly a decade, and a course of legal proceedings which took place throughout a concentrated period of a mere two years and two months, Congress infiltrated that "White-Collar Criminal Penalty Enhancement Act" and the Sarbanes-Oxley Act of 2002 (SOX).
These fraudulent activities performed by executives became widely exposed, so financial policies grew more stringent; due to this, another philosophical perception comes about to blame this heated national recession on the methodology in which humans tamper with the naturally occurring Survival of the Fittest (from Darwin's Natural Selection, On the Origin of Species). Otherwise, blame becomes appointed to the effectual Big Brother fallacy (of Ninety-Eighty-Four by George Orwell; published: 1949) that has been recently appointed by the traffic cameras used in several states within the U.S. The government gains, while the oppressed citizenship shamefully tries to crawl into that little whole in the wall beside the mice purely to avoid humiliation so as to retain respect (save face). There is a yin to every yang, just as there is a negative view that stands in the shadow of every benevolent action.
Definitions of key terms:
Create a corporate compliance plan of no more than 10 pages for Riordan Manufacturing. The plan must synthesize your learning and must apply legal principles of business management. Focus your plan on managing the legal liabilities of Riordan Manufacturing officers and directors.
From "PRINCIPLES OF Business Management" (MBA Notes, 3 Column Minima Template: 2010), a concise listing of principles is available online:
1) Division of work (the scope of work in managerial and staffing parts should be divided clearly and standardized.
2) Authority and responsibility (The assignment of work should be equipped with certain authority and responsibility so that one may able to use it with confidence and becomes responsibility of work.
3) Discipline is use to control and correct the behaviors of all employees. Discipline improve the efficiency and avoid the ignorance of duty and responsibility.
How this relates to Riordan: Business Law, as according to Corporate Compliance Plan, an application of the Riordan Manufacturing Corporate Compliance Plan, the legal principle of business management, is well illustrated within Principles of Virtual Organizations: A Primer for Students and Faculty, from the University of Phoenix, a Riordan Corporate outlet.
From the "Distinct Form of Experiential Learning":
Virtual Organizations are realistic web-based businesses, schools, healthcare and government organizations that promote authentic assessment by immersing students into problem-based learning environments.
From the initial sentence in this "Primer for Students and Faculty," all bases are covered. This parallels the "Virtual Model" of all purposes and intents:
All University of Phoenix students are required to have access to a work setting relevant to their studies, yet some students are challenged to write papers and answer questions with information that they do not have access to or that which is proprietary. For instance, many adult students pursue an education to offer career opportunities in a new industry, but they may not have access to the new industry during their studies. Virtual Organizations
provide one solution to this problem by giving students and faculty access to the details of a real-world work setting, even in a different industry.
Essentially, the same three concerns as illustrated by "PRINCIPLES OF Business Management" (MBA Notes, 3 Column Minima Template: 2010) are aesthetically illustrated. Riordan is more engaging, no doubt, but in any professional or legal setting, Riordan's display would be considered overly verbose, if not pretentious. On Riordan's defense, however, the "Information Age" and exposure of the internet and "internet world" is still considered formative, and therefore impressionable. Moreover, humans fear change; humans are…