Problem Definition: Riordan Manufacturing
Running head: Problem Definition: RIORDAN MANUFACTURING
Problem Definition: Riordan Manufacturing
University of Phoenix
Human Capital Development
MBA 530
Dr. Alvin H. Steward III
January 23, 2008
Problem Definition: Riordan Manufacturing
Introduction
Riordan Manufacturing is faced with an interesting but not uncommon occurrence among larger businesses. Riordan is faced with a motivation and production problem in a growing, global organization. Employee motivation is an issue that does not discriminate as Organizations of all sizes wrestle with it. This is particularly true in manufacturing companies with a broad range of employees with myriad motivational needs. Usually, these workers represent multiple educational backgrounds, generations, ethnicities and family situations. How well the organization addresses these differences can mean the difference between an energized, productive workforce and a lethargic, non-productive one. Riordan has a strong reputation for paying attention to detail and extreme precision and fascinating quality control. Riordan’s President is the primary shareholder and founder of the company who focused on increasing sales and financial profits while increasing the value of his investments. “Profitability is the primary goal of all business ventures” (AG Decision Makers, 2006). Employee motivation, performance and retention are keys to Riordan’s continued growth, profitability and success. Career development, compensation and rewards, and employee relations programs can be used strategically for maximum organizational effectiveness (Anonymous, 2008).
Overview
Riordan Manufacturing, Inc. an industry leader in the field of plastic injection molding was founded by Dr. Riordan, a professor of chemistry in 1991. The company is now an “industry leader in the field of plastic injection molding” (Riordan, 2008). They have state-of-the-art design capabilities and created innovative plastic designs that have earned international
Problem Definition: Riordan Manufacturing
University of Phoenix
Human Capital Development
MBA 530
Dr. Alvin H. Steward III
January 23, 2008
Problem Definition: Riordan Manufacturing
Introduction
Riordan Manufacturing is faced with an interesting but not uncommon occurrence among larger businesses. Riordan is faced with a motivation and production problem in a growing, global organization. Employee motivation is an issue that does not discriminate as Organizations of all sizes wrestle with it. This is particularly true in manufacturing companies with a broad range of employees with myriad motivational needs. Usually, these workers represent multiple educational backgrounds, generations, ethnicities and family situations. How well the organization addresses these differences can mean the difference between an energized, productive workforce and a lethargic, non-productive one. Riordan has a strong reputation for paying attention to detail and extreme precision and fascinating quality control. Riordan’s President is the primary shareholder and founder of the company who focused on increasing sales and financial profits while increasing the value of his investments. “Profitability is the primary goal of all business ventures” (AG Decision Makers, 2006). Employee motivation, performance and retention are keys to Riordan’s continued growth, profitability and success. Career development, compensation and rewards, and employee relations programs can be used strategically for maximum organizational effectiveness (Anonymous, 2008).
Overview
Riordan Manufacturing, Inc. an industry leader in the field of plastic injection molding was founded by Dr. Riordan, a professor of chemistry in 1991. The company is now an “industry leader in the field of plastic injection molding” (Riordan, 2008). They have state-of-the-art design capabilities and created innovative plastic designs that have earned international
References: AG Decision Makers (2006, August). AG Decison Maker. Retrieved September 7, 2007, from www.extension.iastate/edu/agdm Anonymous. (2008). Scenario: Riordan Manufacturing. Retrieved January 20, 2008, from http://ecampus.phoenix.edu.secure/resource/resource.asp. Dreher, G., & Dougherty, T. (2001). Human Resource Systems. In M. Hill (Ed.), Human Resources Strategy: Reward and Compensation Systems. New York: Author. Retrieved January 21, 2008, from University of Phoenix, eBook Collection McShane, S. L., & Von Glinow, M. (2004). Organizational behavior: Emerging realities for the workplace. New York: The McGraw-Hill Companies. Retrieved January 15, 2008 from University of Phoenix, eBook Collection Milkovich, G., & Newman, J. (2004). Compensation 8e: The pay model. Retrieved January 23, 2008, from Univerity of Phoenix, eBook Collection Pellegrini, G. (2007). Do You See What I See. Advisor Today, Vol. 120, Issue. 12, p. 60-60. Retrieved January 01, 2008, from EBSCOhost Database. Riordan. (2008). Riordan Manufacturing Mission Statement. Retrieved January 22, 2008, from http://home.new.rr.com/dailydose/html/mission.html (Zikmund, 2003). A Problem Resolution Method. Retrieved January 23, 2008, from http://blogs.msdn.com/deomel/archive/2005/10/25/484838.aspx