Essay on Riordan Problem Solution - 991 Words

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. Research and Development is conducted at corporate headquarters in San Jose, California. Riordans major customers are automotive parts manufacturers, aircraft manufacturers, the Department of Defense, beverage makers and bottlers, and appliance manufacturers. Recently, Riordan made several†¦show more content†¦Riordan, based on employee surveys, needs to discover the best practices of companies that have solved issues similar to their concerns. Riordan Manufacturing will need to engage and motivate employees by transforming this low morale culture and retain existing employees through new reward and incentive programs. This paper will address motivation as it applies to Riordan employees and rewarding their employees. It will also explain the importance of effective communication through management. Situation Analysis Issue and Opportunity Identification Riordan Manufacturing needs to include their HR division on decisions that are made throughout the company and discovered through surveys. The company has a communication barrier leaving out the HR division because of the department isnt aligned to the President of the company, Michael Riordan. Michael Riordan needs to communicate to the investors how he is planning on improving sales and profits. His staff is scattered and lost. Charles does not believe there is enough time. Sales is continuing to decline, as they have for the past two years, and the switch to customer-focused teams is proceeding slowly, thus suggests revamping the sales incentive system. Kenneth would like to add incentives for RD staff. His rationale is that RD staff is now expected to support the customer sales teams, so they should earn incentives when those sales are completed. Maria believes that IT staff is underpaidShow MoreRelatedProblem Solution: Riordan Manufacturing Essays1853 Words   |  8 Pa gesProblem Solution: Riordan Manufacturing Riordan Manufacturing is a global plastics producer employing about 550 employees. The manufacturer has experienced a decrease in sales and a increase in employee turnover in the last few months. The paper will examine solutions to retain the customers and gain new ones as well as brainstorm viable solutions to combat employee retention. Communication will be key to the outcome of both problems. Situation Analysis Issue and Opportunity Identification Read MoreProblem Solution: Riordan Manufacturing Essay3093 Words   |  13 PagesProblem Solution: Riordan Manufacturing This paper will be an analysis of the issues currently affecting Riordan Manufacturing. Riordan is facing an overall issue with low employee morale and motivation for several reasons. Changing its business strategy to team sales and support versus individual sales and support left Riordan with a compensation package not aligned with rewarding a team strategy. Desiring to remain a top player in the market Riordan needs to address several issues with performanceRead MoreEssay on Riordan Manufacturing Week 6 Problem Solution5835 Words   |  24 PagesRunning head: PROBLEM SOLUTION: RIORDAN MANUFACTURING Problem Solution: Riordan Manufacturing Elayne Limon, Bill Loski, Fatima Al-Mohannadi, Allison Pawloski, Daniel L. Knight II University of Phoenix MMPBL\530 April 23, 2012 Kathryn Adair Problem Solution: Riordan Manufacturing In today’s work place employee satisfaction is just as important as it has ever been in history. With employer cutbacks, job eliminations, pay reductions, and business closings employee satisfaction must be atRead MoreAccounting Cycle Description Essay1480 Words   |  6 Pagesasset. Riordan Manufacturing Company sells plastic bottles, fans, heart valves, medical stents, and custom plastic parts. The Riordan Company uses the revenue cycle by increasing sales force promotions, offering price discounts and customer group services to existing customers and to new customers, Riordan Manufacturing Company plans to implement public relations activities, trade shows, brand development, and also giving sales force promotions (Riordan, 2006). Riordan Manufacturing hasRead MoreExecutive Summary of Business Processes1183 Words   |  5 Pagesprocesses and requirements for computer system enhancements. Riordan Manufacturing needs these enhancements to improve its inventory and manufacturing processes. Executive Summary About Riordan Manufacturing (RM) Dr. Riordan, a chemist, started Riordan Plastics in 1991 as a research and development company based on patents for creating high tensile strength plastic products. Riordan Plastics added manufacturing operations and became Riordan Manufacturing (RM) in 1992 (Apollo Group, Inc., 2006)Read MoreSituation Analysis and Problem Statement: Riordan Manufacturing Corporation1183 Words   |  5 PagesSituation Analysis and Problem Statement Imagine being Chief Executive Officer of a Fortune 1000 company with projected annual earnings of $46 million dollars and revenues totaling in excess of one billion dollars. However, the company has operated from a status quo position for years, you find that your company sales revenue is quickly declining, profits are uneven, and the ability to retain staff is being negatively impacted. As Chief Executive Officer it is your duty to turn the companyRead MoreBSA 375 Week 3 Service Request Essay972 Words   |  4 Pagessupport will be directed and implemented from the San Jose office. Our proposal recommends a three phase approach to implementation. In the First Phase (1P), HRIS baseline requirements and increased Human Resource utility will be launched at the Riordan Corporate office in singular virtual network. Phase Two (P2) implements the HRIS baseline requirements throughout the United States. Phase Three (P3) implements the HRIS throughout the enterprise worldwide. It is essential that P1 also incorporateRead MoreRiordan Manufacturing Strategic Plan Development1056 Words   |  5 PagesReview and Summary of Riordans Mission and Vision and Strategic Objectives Riordan Manufacturing is a global plastics manufacturer 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 (Apollo Group Inc., 2004). The Mission and Vision Statement of Riordan Manufacturing is four tier, concentrating on the company Focus, Customer Relationships, Employees and a FutureRead Morelateral collaboration and vertical coll1740 Words   |  7 Pagesmore organically. Employees have open contact with each other and are more available to create collaborative solutions. The rigid structure of a vertical organization tends to slow communication between departments and from management to employees. Communication in a horizontal organization tends to be more organic and easily flows from one work group to the next. Riordan Manufacturing Riordan is the largest industry capable of making polymer products. They are proud on their strategic planning andRead MoreRiordan Manufacturing Hrms Integration Project1743 Words   |  7 PagesRiordan Manufacturing HRMS Integration Project Narrative Internationally renowned as the industry leader in the field of plastic injection molding, with innovative designs, attention to detail, extreme precision, and comprehensive quality control, Riordan Manufacturing s current human resource management system (HRMS) and methodologies are surprisingly antiquated and disparate with low-tech strands. Hugh McCauley, Riordan s Chief Operating Officer, has approved Service Request RM004 to analyze