Preview

Riordan Manufacturing

Powerful Essays
Open Document
Open Document
5438 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Riordan Manufacturing
Critical Analysis of Motivation & Rewards Solutions Riordan Manufacturing Abstract The following paper will provide a brief background explanation detailing some of the issues found in the Manufacture. There will a series of three possible solutions identified for Riordan where one will be officially chosen. A brief description of the chosen strategy and solutions will then be detailed to provide a better understanding as to why the solution was the best fit for the company. The paper will proceed with an elaboration of each Riordan department experiencing problems and how the chosen strategy solutions will benefit and help it succeed. To finalize this paper, there will be a recap of the issues facing the company and the effectiveness of the strategy chosen to solve them.

Introduction Riordan Manufacturing is a successful plastics manufacturing organization operating for at least a decade. Riordan has been very successful, but for the past couple of years the company has seen a decline in sales and profitability. Also employee morale and retention have also become a huge issue for Riordan. In order to develop a strategy to address Riordan?s problems, the company must identify the problems and opportunities that are present. Riordan Manufacturing?s should develop and have an open discussion for alternative solutions to help the company find issue resolution and provide focus on available opportunities. There are five main problems Riordan should be aware of: ? Decline in sales and uneven profits.

? Poor morale and increasing employee turnover (includes problems with training, compensation, lack of recognition, etc.) ? Lack of leadership and unity within the leadership team.

? Ineffective human resources department and initiatives.

? Improvements with the internal issues (human capital) Riordan Manufacturing will become a much profitable and much stronger organization at all levels by building enduring, trustful relationships with its stakeholders, existing and

You May Also Find These Documents Helpful

  • Better Essays

    Though Riordan Manufacturing has seen success since beginning operations, there are still important improvements needed. This analysis is written to identify necessary changes needed to make Riordan Manufacturing a more efficient operating company.…

    • 2054 Words
    • 9 Pages
    Better Essays
  • Satisfactory Essays

    The China plant is a decentralized unit of Riordan Manufacturing, which I would think would not be the best idea for Riordan. All facilities need to have communication with Riordan’s headquarters. China needs to have its own process for running Riordan’s China Location, but have to maintain contact, and obtain approval from Riordan Headquarters, before major projects are started.…

    • 471 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    In order for a company to stay competitive a company must stay current with changing business systems and technologies. The following assessment is being done in order to find which systems and technologies, if any, need to be updated or changed. This will help the Riordan Company continue the long standing commitment to excellence that the company is known for.…

    • 595 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    In plastics mechanized marketplace, Riordan Manufacturing is a universal head. The company has services in Albany, Georgia, Pontiac, Michigan, Hangzhou, China and San José, California. $46 billion are the roughly annual income of Riordan’s project. In 1992, the company starts actions with the company’s prime purposeful Human Resources Information System. The present scheme is component of the economic schemes parcel that follows the worker information. Latest examination of the existing HRIS has offered verification as demonstrating the scheme requirements promotion to assemble Riordan’s mounting desires. Riordan made preparations to inform the existing HRIS scheme with a further complicated HR scheme to stay as practicable. To integrate numerous utensils into a solitary included appliance, the exploit of the modern technology will be applied.…

    • 1062 Words
    • 5 Pages
    Good Essays
  • Good Essays

    The purpose of this paper is to assess Riordan Manufacturing 's present dilemmas and offer suggestions that may bring positive conclusions to impending quandaries. This paper will evaluate Riordan 's situation, existing opportunities and challenges and conclude with pivotal suggestions that will produce positive outcomes. In addition, via end-state goals, concepts are provided in which Riordan Manufacturing may improve organizational human resource practices that will give Riordan a sustained competitive advantage.…

    • 4999 Words
    • 20 Pages
    Good Essays
  • Better Essays

    Last week our group researched and discussed two companies that have many competitive advantages in common with Riordan Manufacturing. After discussing, we decided that the commonalities could all be related to one of three main advantages. Theses advantages are:…

    • 975 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Riordan Manufacturing

    • 236 Words
    • 1 Page

    Riordan Manufacturing can improve the innovation and sustainability of business operations in the United States and in the global market by continuing to focus on their above and beyond customer service that keeps the customers loyal to them. They can also continue to provide products that are better than the competitor. Having a high quality product and a demand for it from repeat customers will help to sustain level of sales and get more customers when they are recommended by those that they already sell to.…

    • 236 Words
    • 1 Page
    Satisfactory Essays
  • Better Essays

    Riordan Manufacturing is one of the global leaders in the field of plastic injection molding owned by Riordan Industries. The company employing 550 people with projected annual earnings of $46 million. The corporate headquarters and research and development are located in San Jose, CA. The various manufacturing plants are located in Albany, GA, Pontiac, MI and Hangzhou, China. The company customers include some of the top automotive manufactures, airplane manufactures. From the company financial statement shows that the company in a good position on the market but the profits needs to be increased. The profit margin is lower than the industry average for Riordan .This means that Riordan have to keep its costs low and maximize profits to meet with than other companies doing the same business. The company current asset to liability ratio (current ratio) is approximately 2.87, which means that the company has twice current assets to the current liabilities.…

    • 1099 Words
    • 5 Pages
    Better Essays
  • Better Essays

    The Mission and Vision Statement of Riordan Manufacturing is four tier, concentrating on the company Focus, Customer Relationships, Employees and a Future Vision. The attributed discussed center upon the importance of a Quality Management Program, long-term relationships, innovative employees and sustaining future growth. By instituting "rigorous quality controls, and providing innovative solutions to customers with a responsive attitude, reasonable pricing" (The Apollo Group, Inc. 2004) can be maintained.…

    • 1062 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Riordan Manufacturing is a company that employs 550 people with annual earnings of $46 million. They have three plants that they make custom plastic parts. Their mission statement to their employees is: We will maintain am innovative and team oriented environment. By assuring that our employees are well informed and properly supported, we will provide a climate focused on the long term viability of our company (Riordan Manufacturing, 2006).…

    • 269 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Riordan Manufactors

    • 807 Words
    • 4 Pages

    Riordan Manufacturing wants to improve innovation and sustainability of business operations both in the United States and in the global market. An executive team at Riordan researched other companies including Nike to decide on the most effective competitive strategies to employ for attaining this goal. Below is a report of the findings that include which competitive advantages Riordan has in common with Nike. Based on the commonality between the companies is a recommendation of which competitive strategies will allow Riordan to move forward. The team explains why these competitive strategies were selected and estimate how they might affect sustainability of long-term organizational performance. Finally the team explains how the global market affects the business strategy of Riordan (University of Phoenix, 2013).…

    • 807 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Riordan Information Systems

    • 3338 Words
    • 14 Pages

    Riordan Manufacturing and its use of information systems to increase efficiency will be the focus of this analysis and recommendation.…

    • 3338 Words
    • 14 Pages
    Powerful Essays
  • Satisfactory Essays

    Riordan Manufacturing

    • 403 Words
    • 2 Pages

    Riordan Manufacturing has three operating entities…Georgia, Michigan and California…plus a joint venture in the People's Republic of China. Basically, the operating entities each have their own Finance & Accounting Systems and they provide input that is consolidated at Corporate…San Jose. The basic components of each system are as follows:…

    • 403 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Riordan Company Goals

    • 291 Words
    • 2 Pages

    As with most companies, Riordan’s Mission is to satisfy the wants of its customers when they buy a product or service from this company. The goal of this company is to be the leader in their industry. Ensuring this type of satisfaction will certainly go a long way in creating long term relationships with its customers. Riordan management realizes that this can best be achieved if the workforce has the tools that are needed to make their tasks more efficient. To remain competitive in the market it is imperative that Riordan utilizes modern and cost effective means to process the day to day business functions. Another very important thing that must be taken into consideration is the cost of installing such…

    • 291 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Case Study Art of Motivation

    • 5069 Words
    • 21 Pages

    This article is about the art of motivation in Nucor, about strategy and action plan to motivate the people such as talking to them, listening to them, taking a risk on their ideas, and accepting the occasional failure. It 's a culture built in Nucor with symbolic gestures with unblinking focus on the people on the front line of the business in order to maximize profitability. Nucor has foster one of the most dynamic and engaged workforces around. The nonunion employees at Nucor don 't see themselves as worker bees waiting for instructions from above. Nucor 's organizational structure that flattened hierarchy and emphasis on pushing power to the front line lead its employees to adopt the mindset of owner-operators.…

    • 5069 Words
    • 21 Pages
    Good Essays