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Running head: PROBLEM SOLUTION: RIORDAN MANUFACTURING
Problem Solution: Riordan Manufacturing
University of Phoenix
Problem Solution: Riordan Manufacturing
The current globalization process has changed the game rules for thousands of organizations. Everyday changes in the economy, customer needs or customer wants, require organizations to adapt and modify their structure. Riordan Manufacturing is part of Riordan Industries, a Fortune 1000 enterprise with more than $1 billion in revenues is one of the top plastic producers. Even though it is one of the biggest protagonists in the market Riordan currently suffers internally. Its continuous to increase in turnover, decrease in employee performance and productivity, decrease in sales and low morale in stakeholders has alerted Michael Riordan and his leadership team. Because of diverse theories about what caused the problems, Riordan’s management hired Human Capital Consulting to conduct an analysis on employee satisfaction to obtain objective information from its stakeholders. With the audit results, Riordan’s management plans to generate a solution may resolve part or most of their troubles.
This text will provide the reader with an idea of the current situation presented at Riordan Manufacturing, its stakeholders, and an alternative solution, how to implement it and how to evaluate its results.
Situation Analysis
Issue and Opportunity Identification
Many companies believe that a person’s need for a job is enough reason for them to stay in the organization. The truth is that people are not as brainless as many employers think, and companies need to have a good compensation and reward system if they want to keep th ...