Problem Solution: Riordan Manufacturing

Paper Summary:

This paper examines some of the challenges that Riordan Manufacturing is facing due to a recent organizational change. The paper presents a solution to each challenge and shows how the solution will provide an opportunity for growth, thereby enhancing the future of the company. The paper also examines employees' job satisfaction specifically regarding compensation and benefits and evaluates overall business practices.

Table of Contents:
Situation Analysis
Issue and Opportunity Identification
Stakeholder Perspectives/Ethical Dilemmas
Problem Statement
End-State Vision
Alternative Solutions
Analysis of Alternative Solutions
Risk Assessment and Mitigation Techniques
Optimal Solution
Implementation Plan
Evaluation of Results
Conclusion

From the Paper:

"Group incentives, which are preferred by some leaders, can be offered through gain sharing or profit sharing. Gain sharing consists of incentives offered based on the performance of employees not profits of the company. However, profit sharing is dependent on the success of the company. Profit sharing is not dependent on employee performance; therefore, this practice may not serve as a successful motivational tool (Dreher and Dougherty, 2001).
"Charles Lacy, Vice President of Sales and Marketing, has indicated his preference for offering group incentives based on team performance rather than individual performance. Although other departments have expressed concern regarding this practice, Lacy maintains this practice would be most beneficial for Riordan (University of Phoenix, 2007). Similar to other suggested methods of motivation, not all leaders are in agreement."

Sample of Sources Used:

• Adobe. (2007). Additional Benefits. Retrieved February 8, 2007, from http://www.adobe.com.
• Adobe Named One of Fortune 500's Top Companies to Work For. (January 2007). FinancialWire. Retrieved February 7, 2008, from ProQuest database.
• Adobe Systems Named by Fortune as One of the 100 Best Companies to Work for in America. (January 2000). PR Newswire. Retrieved February 5, 2007, from ProQuest database.
• Dreher, G. and Dougherty, T. (2001). Human resource strategy: A behavioral perspective for the general manager. New York: The McGraw-Hill Companies.
• Employers' Efforts. (2001). Work and Family Newsbrief. Retrieved February 7, 2007, from EBSCOhost database.

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