Problem Solution: Riordan Manufacturing

3023 words, 13 pages

Intro Sample...


Since Riordan has been losing key employees because of low morale and competitive salaries, it is important that all departments come together and address the issue. Employees in research and development feel that since switching to CRM, individual incentive programs will be adversely affected (Apollo Group, Inc., 2004).
Additionally, Riordan's employee, in general, feel that the pay is tied to seniority more than performance and that newcomers are paid more than internal promotions. Most believe that in order to get promoted, one must quit and come back to work for Riordan. The company does not conduct annual performance reviews and employees feel that there is no recognition for outstanding performance (Apollo Group, Inc., 2004).
Although Riordan's HR conducts annual employee surveys, the information is not used objectively. Riordan should conduct an audit of each position and research internal and external labor markets to determine current competitive salaries in those positions. Employees do not feel rewarded in connection with the company's strategy and do not feel valued and thereby lack motivation. Riordan employees feel drained in current positions because the company does not offer advancement or promotions to its employees (Apollo Group, Inc., 2004).
In essence, Riordan offers few opportunities for training or advancement. The company does not seem to promote employee development opportunities (Apollo Group, Inc., 2004).
Stakeholder Perspectives/Ethical Dilemmas
The stakeholders are comprised of several groups. Sales management and sales people would like to see the commission structure improved so that the new teamwork philosophy is recognized. The values of the sales management group are to increase employee pay in conjunction with implementing the CRM strategy. The engineering and information technology management group are concerned about losing key employees and would View More »

Read More

Related Essays on Problem Solution: Riordan Manufacturing

  • Riordan Problem Solution And Defense

    7031 words, 29 pages

    Running head: PROBLEM SOLUTION: RIORDAN MANUFACTURING Problem Solution: Riordan Manufacturing University of Phoenix Problem Solution: Riordan Manufacturing The objective of this paper is to exhibit an organized approach using the 9-step Problem-Solving Approach to provide Riordan Manufacturing with legitimate solutions to challenges presented. In addition, the paper identifies opportunities and issues, defines the problem, and develops a set of alternative solutions. In conclusion, the paper recommends the paramount alternatives to implement in order for Riordan Manufacturing to

    View Document »

    Riordan Probelm Solution

    7699 words, 31 pages

    Problem Solution: Riordan Manufacturing Employee motivation is an issue that does not discriminate (UoP, 2008). “Motivation is the willingness to exert effort in a particular way” (Dreher & Dougherty, 2001, p.28). Two theories can be reviewed when examining motivation. The first is expectancy theory. Expectancy theory holds that people are motivated to behave in ways that produce desired combinations of expected outcomes (Kreitner & Kinicki, 2004). Vroom’s expectancy theory is a mathematical model that looks at motivation. Employee motivation is influenced by expectation. If I get a raise at

    View Document »

    Corporate Erm

    2320 words, 10 pages

    I have prepared the following Enterprise Risk Management (ERM) plan for your review. This plan was developed for use in Riordan Industries, Inc., Riordan Manufacturing, and all other Riordan ventures, subsidiaries, and partnerships. Unless otherwise noted, the term “Riordan” will refer to any or all of these entities. I have used the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework as a guide for recommendations regarding internal controls and corporate governance. The goal of this document is to provide a broad enterprise level framework that unifies the

    View Document »

    Mba530r4problemsolutiontemplatewk6 V2

    5966 words, 24 pages

    Running head: PROBLEM SOLUTION: RIORDAN MANUFACTURING Problem Solution: Riordan Manufacturing Khwaja Shaik University of Phoenix Problem Solution: Riordan Manufacturing Riordan Manufacturing is a global plastics producer employing 550 people with projected annual earnings of $46 million. The company is wholly owned by Riordan Industries, a Fortune 1000 enterprise with revenues in excess of $1 billion. Production is divided among three plants: plastic beverage containers in Albany, Georgia; custom plastic parts in Pontiac, Michigan; and plastic fan parts in Hangzhou, China. Rese

    View Document »

    Strategic Human Resources Research

    5837 words, 24 pages

    Riordan Manufacturing is facing a decline in morale and work ethics. Declining sales and uneven profits over the years not only forced the company to change its sales processes, but also prompted them to adopt a customer-relationship system. Riordan’s HR reward and compensation policy program needs to be revised to deal with the existing problem. HR professionals over the world know that their toughest job is recruiting and retaining top-notch employees for their companies. With unemployment at its current rate, expanding businesses search for qualified workers like big-game hunters stalking t

    View Document »

    Virtual Organization E-business: Riordan Manufacturing

    1241 words, 5 pages

    Virtual Organization E-Business: Riordan Manufacturing BUS415 Virtual Organization E-Business: Riordan Manufacturing A global plastics manufacturer, Riordan Manufacturing employs over 500 people with projected annual earnings of $46 million. Riordan Industries, Riordan Manufacturing’s parent company is a Fortune 1000 enterprise with revenues in excess of $1 billion. Riordan's major clientele include automotive parts manufacturers, aircraft manufacturers, the Department of Defense, beverage makers and bottlers, and appliance manufacturers (Apollo Group, Inc., 2005). With manufacturin

    View Document »

    Riordan Problem Solution

    5204 words, 21 pages

    Running head: PROBLEM SOLUTION: RIORDAN MANUFACTURING Problem Solution: Riordan Manufacturing Ray Pena University of Phoenix Problem Solution: Riordan Manufacturing In this paper will attempt to construct a problem statement that will assist Riordian Manufacturing in transforming their current human relations model. After establishing the company’s issues and opportunities that may arise as a result of attending to their current problems, the paper will discuss the influences that the stakeholders have during this process. After assessing the challenges, there will be a reflecti

    View Document »

    Bus Law-corporate Compliance Plan

    4616 words, 19 pages

    Corporate Compliance Plan: Riordan Manufacturing Corporate governance can be thought of as the overall umbrella of control and direction under which a corporation operates. Enterprise Risk Management (ERM) is “a process, effected by an entity's board of directors, management and other personnel, applied in strategy setting and across the enterprise, designed to identify potential events that may affect the entity, and manage risks to be within its risk appetite and to provide reasonable assurance regarding the achievement of entity objectives,” (BusinessDictionary.com, 2008). Ideal manageme

    View Document »

    Malaysian Manufacturers

    2345 words, 10 pages

    THE IMPORTANCE AND CHALLENGES OF MANUFACTURING IN MALAYSIA Recently, manufacturing industries in Malaysia grow very rapidly if compared to previous decades. With the rapidly grow of manufacturing industries, the government has to play its role in order to ensure every aspect of current trading policies and regulatory to be obeyed. Other than that, this will ensure that the current trading and manufacturing environment in Malaysia to be peaceful yet globally competitive. In this report, a number of importance and challenges faced by manufacturing sector in Malaysia will be focused on. T

    View Document »

    Lean

    5365 words, 22 pages

    Back to "Search By Author" Comparing lean and agile logistics strategies: a case study Ruth Banomyong* & Nucharee Supatn Thammasat Business School Thammasat University BANGKOK 10200, THAILAND Abstract The purpose of this paper is to compare the effect of lean and agile strategies on the manufacturing process of an aquarium manufacturer. Numerous studies has demonstrated the benefits of lean and agile strategies in enhancing the competitiveness of firms but none has really discussed or compared how performance differed when utilizing either strategies. Lean strategy can reduce, or even e

    View Document »

More Popular Essays

Research help is just moments away!