Riordan Manufacturing

RUNNINGHEAD: RIORDAN MANUFACTURING Problem Solution Paper: Riordan Manufacturing Introduction The purpose of this paper is to advise a solution to Riordan Manufacturing (RM) for problems they are experiencing. The key areas to be address are the issues, the opportunities, the problem definition, the alternative solutions and benchmarking validation. This paper will psychoanalyse the alternative solutions, and state the risks and mitigation techniques to these risks. It will then inspire a final solution to Riordan Manufacturing. Finally, this paper will terminate with a plan to implement the recommended solution. Situation Background Riordan Manufacturing (RM) is a global plastics producer with projected annual earnings of $46 million. RM employees counterbalance three major demographic groups, baby boomers, generation Xs and generation Ys. Riordans major customers are automotive move manufactures, aircraft manufactures, the department of defense, beverage makers and bottlers and appliance manufactures. Riordan has recently made some(prenominal) strategic changes in the way it manufactures and markets its products. They have adopted a customer-relationship management system. After which the company conducted an employee survey which revealed a light in job satisfaction in the areas of fee and benefits.

For these reasons Riordan is losing gross revenue and key personnel. They are in the middle of making central decisions on how and when to proceed with solving their issues. Issue Identification Many employees are complaining about compensation benefits. Riordan is also underpaying key employees infra the industry average. Opportunity Identification Riordan can revise the current compensation plan to fit the needs of the organization. Riordan can also look back the industry pay scale and base it on the exploit of their employees. Stakeholder perspectives/Ethical Dilemmas The stakeholders are as follows: Michael Riordan, CEO for Riordan Manufactures,... If you want to ride a full essay, order it on our website: Orderessay

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