Generic Benchmarking: Riordan Manufacturing
Generic Benchmarking Riordan Manufacturing
This generic benchmark intends to discover the best practices of companies that have solved issues comparable to Riordan Manufacturing's concerns. Normally, it is best to find solutions involving companies in the same industry, however if this is not viable, then finding illustrations of similar issues faced by companies in other industries is acceptable.
Framing the right problem is an important step in benchmarking. The problem description used for this benchmarking paper is Riordan Manufacturing will engage and motivate employees by transforming its culture into one of innovation through new reward and incentive programs.
This paper will cover four main topics. Topic one will cover motivation as it applies to employees. Topic two will cover rewarding employees, concentrating on non-monetary rewards and programs. The third topic will explain the importance of the organizational culture. Finally, topic four will handle executive training programs.
Motivation in the Organization
Riordan Manufacturing motivational tactics and strategies will be the key focus for the future of this company. Riordan wants to develop a team-based philosophy. In order to create this change, Riordan will need to assure the employees that compensation will not be effected. What will motivate the employees of Riordan Manufacturing? What will be the risk for Riordan Manufacturing? Is there risk for the employees?
Riordan Manufacturing will need to focus on what motivates employees. One theory that implies Riordan cares about their employees is Maslow's hierarchy of needs. It states people are motivated by their inner needs, such as food, shelter, and love a ...