When it comes to the plastic injection molding industry, Riordan is the tip manufacturer. With revenues exceeding $1 billion, Riordan Manufacturing is a division of Riordan Industries. The bon ton is staffed at about 550 employees and its total revenue is estimated at $46 billion. The confederation is infamous for its international creative plastic designs that have resulted in a top of the line manufacturing development.
The gilds achievement is contributed to its heightened level of accuracy, frequent inspection, and reliable value of its products. Riordan has locations throughout Michigan, California, and China. Although the fraternity is the forefront in the plastics industry, it has been having problems throughout the company due to its organisational makeup. The employees at Riordan have been suffering from lack of motivation as intimately as low productiveness. This is due in set forth because of the policies focusing on rewarding its employees. The lack of motivation has impact employees productivity and this presents a problem for Riordan even though the company has shown its diversity in the composition of its workforce. The decreased level of productivity has affected Riordans most important business practices (Peter & Donnelly, 2002).
The companys main goal is to guarantee that products are forever and a day at the top of the line and its employees are giving a fair and generous compensation package. This leads Riordan to believe this will rejoin high productivity and motivation as well as decrease employee turnover. This paper will focus on the challenges that are confronting Riordan the opportunities presented that will lead to increased employee motivation as well as high productivity levels.
Situation Analysis
Issue and prospect Identification
Riordans most prominent problem is the lack of overall direction. Because of this, employee morale is down and the turnover rate is increasing. Employees are dysphoric with the current...If you want to get a full essay, order it on our website: Orderessay
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