Problem Solution: Riordan Manufacturing

Riordan Manufacturing is a wholly owned subsidiary of Riordan Industries, a designate 1000 enterprise with revenues in excess of $1 billion. Riordan Manufacturing is a plastics producer with facilities in Georgia, Michigan and China. The 550 employees of the firm produce products with intercommunicate annual earnings of $46 million. These include plastic drunkenness containers made in Albany, Georgia; custom plastic fall in made in Pontiac, Michigan; and plastic automotive devotee parts in Hangzhou, China. The corporate headquarters is located in San Jose, California. Recent declining sales and profits are possible symptoms of develop employee morale and retention problems. This paper will describe the emplacement facing Riordan, identify the issues and opportunities facing the company, define a snuff it problem statement and describe the end state vision. I will then propose and select alternative solutions and bring about bump analysis on these solutions. Based o n this put on the line analysis I will prioritize the solutions and propose an optimum solution with implementation plan and metrics to demonstrate the laterality of the solution. Key issues and opportunities for the company will now be described. position AnalysisIssue and Opportunity IdentificationSeveral key issues are driving the negative changes existence experienced by the firm. Declining sales and profits have handsome more concerning over the last two stratums. These financial consequences search related to an overall lack of motivation and increased dissatisfaction among the employees. This conjecture is supported by the following data.

According! to University of Phoenix annual Employee cheer Survey Results (2005), Riordan employee satisfaction between 2001/02 and 2003/04 has dropped in or so every category. Overall, employee satisfaction dropped over 20% from the old year as shown in Figure 1 derived from the aforementioned(prenominal) source. Riordan Employee Satisfaction Overall Scores2003/042002/032001/02Job Satisfaction3.13.94.2Working Conditions3.03.54.2Personal Opportunity3.03.54.0Cooperation4.04.04.2Comp. and Benefits2.53.03.4Communication3.63.83.9Supv. In dept.4.44.34.2Mgt in company3.84.14.0Overall Average:3.43.84.0Annual % throw:-21.1%-5.0%-Figure 1This fiber of employee dissatisfaction is likely... If you want to get a full essay, cast it on our website: OrderCustomPaper.com

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