This website uses cookies to ensure you have the best experience. Learn more

Riordan Gap Analysis

1986 words - 8 pages

PAGE PAGE 2 Gap Analysis: Riordan Manufacturing
GAP ANALYSIS: RIORDAN MANUFACTURINGGap Analysis: Riordan ManufacturingYour Name HereUniversity of Phoenix August 30, 2007Gap Analysis: Riordan ManufacturingRiordan Manufacturing is an established global plastics producer which employs over 500 individuals with the projected annual earnings of $46 million. The company is a division of Riordan Industries, a Fortune 1000 enterprise. Like many large companies Riordan Manufacturing has several locations as their production is divided among three plants. Plant one located in Albany Georgia is responsible for producing plastic beverage containers. Plant two is located in Pontiac, Michigan and ...view middle of the document...

Implementation of this new strategic plan is at risk due to low employee morale and job dissatisfaction issues. Riordan will have to take immediate corrective actions to address these issues in order to successfully implement the new customer-relationship system. Riordan should consider a solution that allows management to improve morale and find effective techniques that would address and resolve employee dissatisfaction and strategies for dealing with conflict. Riordan also must set clear goals for their entire organization by engaging and involving all employees. Implementing the new strategy will require strong leadership in transforming the current organization marketing and sales approach to the new customer focused strategy based on customer needs.As changes have been implemented at Riordan, employee retention numbers have declined to an uncomfortable point for the company. In light of these numbers Riordan performed a comprehensive employee survey which showed a decrease in overall job satisfaction with an emphasis in the areas of employee compensation and benefits. The current reward system at Riordan could best be described as antiquated as it is not based on performance. Rather than basing rewards on workplace performance the company instead recognizes cost-of-living increases, seniority, and position. This means an employee that is newer to the company but a hard worker will make less than someone who has been with the company longer but "floats" through the workday.The issues at Riordan can best be summed up as employee pay, incentive plans, and career development.Employee PayTo appease workplace complaints Riordan should explore incorporating a merit pay system. In the typical merit plan employees' performance is evaluated using some type of companywide rating scale, and their base pay is adjusted upward based on the level of their individual performance (Dreher and Dougherty, 2001).Incentive PlansRiordan could take advantage should take advantage of their new team based format and offer group incentives such as gain sharing. Gain sharing plans are unit wide bonus systems based on performance in comparison to cost index. Work teams (or units) must first devise different ways to improve work processes, thereby reducing labor costs. Some proportion of the cost savings is then returned to the work group (Dreher and Dougherty, 2001). This is similar to company whistle blowers who are paid a certain finders fee bonus for helping to cut unnecessary expenditures from the budget.Career DevelopmentCareer development is often a major reason a person leaves or stays with a particular company. To combat the recent trend of employee departures Riordan can review employee's skills on a semi annual basis. Employee progress in cross training, education and career growth could be charted to ensure they are in line with their own career plan. In addition to helping employees acquire job-related knowledge, skills, and abilities, employers have a...

Other Papers Like Riordan Gap Analysis

Problem Solution: Riordan Manufacturing Essay

4434 words - 18 pages provides the employees with job satisfaction, commitment to increased opportunities for advancement, and equalized pay. Gap Analysis The Riordan company has been steadily losing ground with declining sales, and shrinking profits for the last two years. The company needs to find ways to implement new plans to keep the current employee base, and customers satisfied. Riordan has already implemented a customer service-oriented plan that customers will

Mmpa530-Problem Solution: Riordan Manufacturing Essay

5775 words - 24 pages 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 be the global industry leader in plastics production. Situation Analysis Issue and Opportunity Identification Several challenges Riordan Manufacturing must be overcome in order to accomplish the company's organizational goals. One challenge is overcoming employee job

Ops/571 Process Designs and Supply Chains

2364 words - 10 pages Process Design for Riordan Manufacturing       The Riordan Manufacturing plant in Hangzhou, China operates its manufacturing unit to prepare the electric fan to provide the worldwide supply based on the production forecast sales extrapolated using the theory of moving averages for last three years. This paper includes an analysis of the material requirement planning, existing process design, application of supply-chain concepts including any


2807 words - 12 pages SR-rm-022 Pt. 3 Summary “An organization cannot build a good team of working professionals without good Human Resources.” ("Importance of Human Resource Management", n.d.). Organizations can benefit from a well-built HR department. However, the success of the HR department is directly proportional to the success of the organization. The purpose of this paper, in response to COO Riordan Manufacturing Hugh McCauley, is

Freedom And Responsibility

2141 words - 9 pages Built within the Constitution of the United States are specifically defined freedoms that are guaranteed to all citizens. Conversely, with every constitutional freedom there comes a corresponding responsibility. On September 25, 1789, the state legislature’s twelve proposed amendments were transmitted by congress, the first two dealing with congressional representation and congressional pay. The following numbers three through twelve were

Hate Crime Laws

2348 words - 10 pages On June 7, 1998, 49-year-old James Byrd Jr. of Texas accepted a ride from three white men, who then beat him severely, urinated on him, chained him by his ankles to the back of their pick-up truck, dragged him for three miles into the countryside, and dumped his corpse in front of an African-American cemetery (Graczyk). A little over a year later, a jury sentenced ring leader John King to death by lethal injection (“Man Executed for Dragging

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

Holidays In Albania

1636 words - 7 pages Have you ever thought about having exciting and incredibly cheap vacations? Albania might be the right choice. According to My Travel Guide, Albania is ranked the fourth among ten places worth visiting in Eastern Europe (“Top 10 Eastern European Destinations”). One can encounter three kinds of vacations in this Mediterranean country: winter, summer, and cultural. The ideal places to spend your winter vacations are the Albanian Alps. They are

A Heart Of Darkness

1748 words - 7 pages In this short story, there are frequent significant subject and ideas that make the story, "A Heart of Darkness," by Joseph Conrad, and haunting novel. The main theme is absolute white power over the natives. The theme validates the corruption, and the dependence caused by the white people as they took over the Congo. White men were giving all the power; they had no self-control, and in the end they did not use wisely. The white men became

The Aspects Of Vulnerability Among The Exploited In Medical Research

2287 words - 10 pages Essentially, everyone is in some state of vulnerability. However, some of us are more susceptible to harm due to our vulnerabilities. The susceptible are the individuals with the greatest risk. These individuals risk the loss of their autonomy, and maybe even their lives. Vulnerable populations can be found in every subset of society. However, as previously mentioned, there are some vulnerable populations that are at an even greater risk than

The Hitchhiker’S Guide To The Galaxy

1171 words - 5 pages The Hitchhiker’s Guide to the Galaxy As the human race makes life-changing discoveries, it is made apparent that there is always more to learn as the universe, instead of becoming familiar, is becoming absurd. The Hitchhiker’s Guide to the Galaxy, written by Douglas Adams, as well as the 2005 film adaption, portrays absurdity to be an all-encompassing system in the universe. Through the introduction and attempt to understand lack of reason, the

Related Essays

Riordan Manufacturing Gap Analysis

2840 words - 12 pages Running head: GAP ANALYSIS: RIORDAN MANUFACTURING Gap Analysis: Riordan Manufacturing University of Phoenix MBA 530 Human Capital Development Caroline Rick May 25, 2009 Gap Analysis: Riordan Manufacturing Riordan Manufacturing (RM) is a plastic company with a global presence. The company, owned by Riordan Industries, earns $46 million each year. Riordan Industries is a fortune 1000 enterprise that generates an income that exceeds

Riordan’s Strategic Plan Essay

3375 words - 14 pages materials. Riordan must ensure they establish an effective quality control program consisting of design reviews, engineering analysis, adequate recordkeeping of raw materials and finished goods, inspection of incoming materials, testing during the manufacturing process and finished part inspections. These records should be of sufficient detail to document the steps that were performed in manufacturing the product. Such records should include

Gap Analysis

2277 words - 10 pages One of the many essential aspects of business development, including project management, includes belief how to develop a gap analysis. Many students feel that these projects are busy work; however, developed correctly the organization will better understand key points to the needed strategies that will assist an organization in obtaining industry leadership. This particular research paper is based on the Riordan Manufacturing organization

Mba530 Riordan Manufacturing Corporation Essay

5126 words - 21 pages section should describe the final plan you have ultimately chosen for implementation. In this section, you should summarize the key ideas presented in Table 7. Triple click anywhere in this paragraph to begin typing.]Gap Analysis and Estimated Implementation Costs-Evaluation of Results (Step 9)[The following key success factors will help determine how well the end-state goals were met and in turn determine the success of the problem. The