Problem Definition Riordan Essay

1083 words - 5 pages

The success of a company is often a direct result of employees who continue to believe in the organizations vision through changing times. Riordan Manufacturing is a global plastics producer employing 550 people with projected annual earnings of $46 million (University Of Phoenix, 2008). After experiencing a decline in sales, President Michael Riordan and the leadership team realized the importance of adapting to change to survive in the industry. Transformation is one of the most difficult tasks for a business to accomplish. Successful businesses recognize the need for change stems from the demands of the market, financial drivers, and political influences (Day & Jung, 2000).
In an effort ...view middle of the document...

16).
Decrease in employee retention numbers, as a result of change, can lead to a decrease in job satisfaction. The uncertainty of the future can leave the remaining employees with an overall decrease in job satisfaction and productivity. The organization has the opportunity to improve the job satisfaction of the employees through determining the values and needs of the employees. “Values, perceptions, and ideas of what is important are the three components of job satisfaction. People will be satisfied with their jobs as long as they perceive that their jobs meet their important values.” (Noe, Hollenbeck, Gerhert, & Wright, 2003, p. 325) Once Riordan meets the three components of job satisfaction for the employees, the organization will have the foundation necessary to implement a successful transformation.
Compensation is a concern in two areas, Incentive and Pay Structure. The new direction of the sales process and adaptation of a customer-relationship management (CRM) has generated concern amongst the salespeople that individual bonuses are at risk. Evidence indicates Riordan is underpaying key programmers by approximately 15%. The organizations compensation system not being aligned with the company strategy increases employee concern. Riordan must re-evaluate the incentive and pay structure, and create one to influence future behavior and compensate current responsibilities. Designing a compensation plan that meets the needs of the employees and connects to the strategy of the company improves the organizations opportunity for success.
The Human Resource system is inadequate and not used to its potential. Human Resource Management is crucial to change. Developing sound HRM practice can be central to the organizations performance (Dreher & Dougherty, 2001, p. 6). Effectively using the HR system, provides the organization with the opportunity to improve the performance of the firm through recruiting, training, and essential HRM practices.
Employees are crucial to the success of the company. The Riordan Leadership team lacks focus and is inconsistent in opinions. These inconsistencies have led to a lack of trust and the belief that management is preferential in determining what employees receive the opportunity to advance. Management must recognize the opportunity to gain the trust of the employees through consistently applying HR policies, programs, rules, and rewards (Dreher & Dougherty, 2001, p. 43). Riordan has the opportunity to develop succession planning to retain talent and improve the perceptions of the management team.
Stakeholder Perspectives/Ethical Dilemmas
Businesses are responsible...

Other Papers Like Problem Definition Riordan

Corporate Compliance Plan Essay

1072 words - 5 pages ). With this definition, it is crucial for Riordan Manufacturing to have a plan in place to mitigate the risk of the organization. It is imperative that both the company officers, board of directors, managers, and employees conduct themselves in a responsible and ethical manner to reduce the risk of liability to the company. Alternative Dispute Resolution When an unsettled dispute arises within the organization or outside the organization a means

Week 2 Assignment

1512 words - 7 pages Riordan Manufacturing. One of the most significant process that will show success for the project will be using the JAD process. JAD stands for joint application development which is a requirements definition and software systems design methodology in which stakeholders, subject matter expertise, end users, software architectures and developers attend an intense off site meeting to work out a systems details. Joint application development focuses

Individual: Service Request Sr-Rm-022, Part 1

1223 words - 5 pages external one.”( The Players of an Information System, 2013) In our project with Riordan, the stakeholders are can be the HR department managers, the owner of the company, Or even the top investors of the company its self. Anyone interested in the production and the improvement of the new integrated application system. The Project Scope The Project definition is identifying the problem. The project scope and the feasibility study are both part of

Riordan Service Request

778 words - 4 pages Riordan Service Request Section One Name BSA/375 Date Instructor Name Riordan Service Request Section One Riordan manufacturing has requested help integrating the company’s existing HR tools into an application for each of their locations to use. This section will cover several topics. The topics include key stakeholders and their requirements for the new system, information gathering techniques, systems analysis tools, and an explanation

Hr System Integration

1048 words - 5 pages HR Integration Project Brandi L. King BSA/375 Prof C. Randall Shirley May 27, 2015 HR Integration Project HR undertakings are often some of the more tedious. There are a number of aspects of them we are to handle with the upmost precision. If one aspect is bad, then the client (in this case Riordan Manufacturing) could have a number of bad clients on their phones. Which means we would have negative feedback as well. Therefore, it is in

Service Request Sr-Rm-004, Part 3

2071 words - 9 pages Service Request SR-rm-004, Part 3 “Riordan Manufacturing is a worldwide plastics manufacturer employing 550 persons with projected yearly earnings of $46 million. The company is entirely owned by Riordan Manufacturing Industries, a Fortune 1000 enterprise with revenues in excess of $1 billion.” (Baihaqi, 2009) Numerous facilities exits around the world and mainline developments take place in San Jose, California which is the headquarters of

Project Management

5692 words - 23 pages planning skills have been used for centuries—even as far back as the Roman Empire. Project management has also almost always dealt with the same elemental challenges: incomplete project specifications and scope definition, insufficient labor, unforeseen challenges, or unsure funding. The role and job title of the person responsible for managing these elements, however, the project manager, was not recognized until the twentieth century. Another reason

The Value Of Team Diversity In The Corporate World

4816 words - 20 pages choice.Increasingly, organisations must be knowledge creating and leading in their field. Organisations will win or lose market share, prosper or fail on their ability to be innovative. A knowledge organisation continually expands its capacity to create its future. The learning organisation uses its diverse workforce to create value, through better problem solving, innovation, decision making and creativity. When diverse teams and workforces are managed

Freedom And Responsibility

2141 words - 9 pages therefore, a petition to a court to have the court issue orders for someone to address the grievance and should be done to fix the problem. The article called “HIV positive boy denied admission sues Hershey school,” clarifies the family of a 13-year-old boy who is diagnosed with HIV sued the school board for denying his admission. The Milton Hershey School, a cost-free, private school for unfortunate pre-kindergarten through high school students

Hate Crime Laws

2348 words - 10 pages been much more severe. Also, in the Schneider, Smith, and Hyman case, one could argue that had the racial situation been reversed—white teens who beat up three African American girls—the punishments for the teens would have been much more severe. The inequity of application of hate crime attachments contributes to the problem of hate crime in this country as a whole. If hate criminals are not given stiffer punishment something like what happen to

Rational Emotional Behavior Therapy Case Study Conceptualization And Treatment Plan

2140 words - 9 pages Rational Emotional Behavior Therapy Case Study of Sarah: A Conceptualization and Treatment Plan Rational emotive behavior therapy, REBT, was developed by Albert Ellis and holds the central belief that the events in our lives do not cause our disturbances but that they are instead caused by our view of the events (Murdock, 2009). Murdock (2009) states that “people are seen as responsible for their behavior” (p. 279) but, because they are

Related Essays

Corporate Compliance At Riordan Manufacturing Essay

2241 words - 9 pages practices and possible ways to limit product liability. Riordan Manufacturing will have an in-house product test department that will test each new product under different conditions for both normal, and misuse of the product. For each problem identified in the test the department will provide an action plan to resolve the problem. Riordan will also contract with an independent outside test laboratory for evaluation of all new products before they are

Service Request Part 1 Essay

976 words - 4 pages important details, deliverables, tasks, costs, and deadlines. References Business Dictionary. (2014). Retrieved from http://www.businessdictionary.com/definition/stakeholder.html MatchWare. (2013). Retrieved from http://www.matchware.com/en/special/project-scope.php Project Management. (2012). Retrieved from http://www.brighthubpm.com/project-planning/60264-techniques-used-in-business-requirements-gathering/ Riordan Manufacturing

Business Research Methods I Essay

861 words - 4 pages from supplier with raw materials arrives at Riordan receiving” currently defines as it’s “In Process Standards” an arrival time of “<= 14 days” (University of Phoenix, 2008, p. 3). The definition of “Out of Process Standards” is an arrival time of “> 14 days” (University of Phoenix, 2008, p. 3). The dependent variable is the travel time to arrive at Riordan’s receiving dock. The independent variables are how many hours are the drivers spending

Mba530 Riordan Manufacturing Corporation Essay

5126 words - 21 pages Running head: PROBLEM SOLUTION: _ Riordan Manufacturing CorporationProblem Solution: Riordan Manufacturing CorporationMBA 530Problem Solution: Riordan Manufacturing CorporationLife is about give and take. When the balance between "give and take" tilts either way, the fabric of harmony is disrupted resulting in dissonance. An organization or a company has to be aware of this natural law governing human nature. An employee gives knowledge, hours