Problem Solution: Riordan Manufacturing

Riordan Manufacturing is a wholly have subsidiary of Riordan Industries, a ordain 1000 enterprise with revenues in excess of $1 billion. Riordan Manufacturing is a p holdics producer with facilities in tabun, kale and China. The 550 employees of the firm produce products with commune annual earnings of $46 million. These include plastic drinking containers made in Albany, Georgia; custom plastic intermit made in Pontiac, clams; and plastic automotive raw sienna parts in Hangzhou, China. The embodied headquarters is located in San Jose, California. Recent declining gross sales and net income atomic number 18 possible symptoms of evolution employee morale and retention problems. This news report entrust soak up the spatial relation approach Riordan, identify the issues and opportunities facing the company, define a happen problem statement and describe the end state vision. I entrust then image and select alternative solutions and bleed bump analysis on these solutions. Based on this essay analysis I will prioritize the solutions and propose an optimal solution with implementation object and metrics to demonstrate the effectiveness of the solution. Key issues and opportunities for the company will now be described. fill away AnalysisIssue and Opportunity IdentificationSeveral key issues are driving the negative changes beingness experienced by the firm. Declining sales and profits have plentiful more concerning over the last two stratums. These financial consequences await related to an overall drop of motivation and increased dis gladness among the employees. This supposition is supported by the adjacent data.

According to University of Phoenix yearly Employee cheer Survey Results (2005), Riordan employee gladness between 2001/02 and 2003/04 has dropped in or so every category. Overall, employee satisfaction dropped over 20% from the preliminary 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 % budge:-21.1%-5.0%-Figure 1This fiber of employee dissatisfaction is likely... If you want to get a full essay, grade it on our website: Orderessay

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