Gap Analysis: Riordan Manufacturing

Paper Summary:

This paper analyzes the fact that declining sales and uneven profits for the past two years encouraged Riordan Manufacturing to make several strategic changes to the way in which the organization does business. It also looks at the fact that despite the recent changes, overall job satisfaction is steadily decreasing along with morale. It discusses the increasing turnover rate that the company is experiencing. It then presents a gap analysis for the company.

Table of Contents:
Situation Analysis
Issue and Opportunity Identification
Stakeholder Perspectives/Ethical Dilemmas
End-State Vision
Gap Analysis
Conclusion

From the Paper:

"Another important component to realizing long-term viability for Riordan Manufacturing is the integration of Human Resource Management (HRM) into its business strategy and organizational design. In doing so, Riordan can ensure that they are providing an effective ROI on the human capital asset as well as foster an environment that reflects value, appreciation, integrity, and respect for its employees. HR can facilitate the changes that need to take place, properly train management on how to implement the changes, and ensure employee comprehension of the organizational goals and how their role impacts those goals (Incentive, 2005), all the while maintaining productivity, trust, and morale (Schuster & Zingheim, 1995)."

Sample of Sources Used:

• Darlington, H. (2005, April). The basics of a good compensation program. Supply House Times, 48(2),78. Retrieved February 3, 2008, from RDS Business Suite.
• Dreher, G. & Dougherty, T. (2001). Human Resources Strategy. New York: McGraw Hill.
• Employee Benefit News. (2007). Performance-based perks gain popularity. Thomson Media. Retrieved February 3, 2008, from RDS Business Suite.
• Incentive. (2005). Motivating the Masses: here are ways to motivate and retain non-sales workers--the people whose jobs are hardest to measure. VNU Business Media. Retrieved February 3, 2008, from RDS Business Suite.
• Milkovich, G., & Newman, J. (2004). Compensation (8th ed). New York: McGraw Hill.

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