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Submitted by whitecarr11 on May 28, 2007
Category: Business
Words: 2950 | Pages: 12
Views: 677
Popularity Rank: 10,833
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Running head: PROBLEM SOLUTION: RIORDAN MANUFACTURING CORPORATION
Problem Solution: Riordan Manufacturing Corporation
MBA/530- Human Capital Development
May 10, 2006
University of Phoenix
Problem Solution: Riordan Manufacturing
“Employee motivation is an issue that does not discriminate. Organizations of all sixes wrestle with it, and those who don’t are at a disadvantage, faced with lower job satisfaction and increased turnover (University of Phoenix, 2006).” This is exactly the situation that Riordan Manufacturing is facing. Michael Riordan, CEO, is aware that a drastic change is needed, either to “completely overhaul the reward system, use piecemeal solutions to address the most critical issue, or find a new motivation strategy (University of Phoenix, 2006).” Beginning, by paraphrasing the situation background, a description of key issues and opportunities facing Riordan can be identified. The perspectives of stakeholder’s needs as well as the values and rights that have lead to ethical dilemmas in the company will be identified. Thus, a definition of the problem statement can be developed that allows for multiple solutions, and future focused on meeting the end-state goals of Riordan. Let’s begin by explaining the situation that is occurring with Riordan Manufacturing
Situation Background
Riordan Manufacturing is a global plastics producer that earns over 46 million annually and employees over 500 people. A fortune 1000 enterprise, Riordan receives a reported 1 billion dollars in revenue. Due to declining sales and profits over the past two years, the company has decided to implement “several strategic changes in the way it markets and manufactures and markets its products (University of Phoenix, 2006).” Michael Riordan, CEO of Riordan, has decided to start by revamping its sales process and adopting a...
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