Complete the following table to address the creation of teams at Riordan Manufacturing. Strategy Strengths Weaknesses Leadership and Structure Equal workload and integrated individual In self-managed teams, the leader ends up skills.
Get Full Essay Get access to this section to get all help you need with your essay and educational issues. There will a series of three possible solutions identified for Riordan where one will be officially chosen. A brief description of the chosen strategy and solutions will then be detailed to provide a better understanding as to why the solution was the best fit for the company.
The paper will proceed with an elaboration of each Riordan department experiencing problems and how the chosen strategy solutions will benefit and help it succeed.
To finalize this paper, there will be a recap of the issues facing the company and the effectiveness of the strategy chosen to solve them. Introduction Riordan Manufacturing is a successful plastics manufacturing organization operating for at least a decade. Riordan has been very successful, but for the past couple of years the company has seen a decline in sales and profitability.
Also employee morale and retention have also become a huge issue for Riordan.
In order to develop a strategy to address Riordans problems, the company must identify the problems and opportunities that are present. Riordan Manufacturings should develop and have an open discussion for alternative solutions to help the company find issue resolution and provide focus on available opportunities.
There are five main problems Riordan should be aware of: Decline in sales and uneven profits. Poor morale and increasing employee turnover includes problems with training, compensation, lack of recognition, etc.
Lack of leadership and unity within the leadership team. Ineffective human resources department and initiatives. Improvements with the internal issues human capital Riordan Manufacturing will become a much profitable and much stronger organization at all levels by building enduring, trustful relationships with its stakeholders, existing and potential customer Background The company was founded by President and CEO, Dr.
Riordan started Riordan Plastics, Inc. Riordan obtained venture capital which he used to purchase a fan manufacturing plant in Pontiac, MI.
At that time, the entire fan manufacturing operation was moved from Michigan to China and the Pontiac, MI facility was retooled for the manufacture of custom plastic parts. Its products include plastic beverage containers produced at its plant in Albany, Georgia, custom plastic parts produced at its plant in Pontiac, Michigan, and plastic fan parts produced at its facilities in Hangzhou, China.
Declining sales and uneven profits over the years, this not only forced the company to change its sales processes, but also prompted them to adopt a customer relationship system.
Riordans HR reward and compensation policy program needs to be revised to deal with the existing problems. Riordans HR department should know that their toughest job is recruiting and retaining the best employees for their company. Compensation plan and benefit packages are what companies are using to invest on their employees.
Some organizations form compensations committee to ensure that strategies and compensation programs are properly managed.
Since, employee happiness can impact an organizations performance and influence employee retention, absenteeism and work performance, it is important to incorporate addressing employees happiness in the overall business goals of the organization. Riordans recent employee survey has indicated that overall employees are not satisfied with its compensation and benefits.
In order to find out what makes employees happy Human resources and management should study what the type of desired environment employees are looking for.
Obtaining and keeping qualified and motivated employees are essential elements to the success of a company.
Offering a competitive motivation and rewards program can help Riordans employees reach their individual goals. The intent is to provide a competitive rewards package to all Riordan employees that motivates, retains and attracts the best and brightest people Recommendations Row The team has researched three different benefits package in an effort to offer Riordan Manufacturing Company Employees with a significant and rewarding benefits package.
The first of the three is known as ROWE. ROWE is an acronym for results- only- work- environment that depicts the new process of the company that makes the decision to offer it to its employees. Many companies have adopted this system because it is utilized to cut cost for the company in the long run.
It would also avoid the employer to pay for a long work day instead of the actual work inputted by the employee. ROWE would allow the employees to work from home or another area as long as he or she has the capability and tools to obtain the ultimate performance that the company requires.
The employee should have access to the companys network in order to complete assignments. This system would begin with the top down to the regular employees.MGT Week 4 Assignment Groups Teams Strategies and Conflict. Team Strategy Plan.
Complete the following table to address the creation of teams at Riordan Manufacturing. Identify the team formation strategy that is most suitable for Riordan Manufacturing, and provide the rationale for the decision. Advanced options.
Topic Area. Complete the following table to address the creation of teams at Riordan Manufacturing. 2. Identify the team formation strategy that is most suitable for Riordan Manufacturing, and provide the rationale for the decision.
Riordan Manufacturing – Team Strategy Plan MGT/ Riordan Manufacturing – Team Strategy Plan Superintendents at Riordan Manufacturing believe teams are an essential way to distribute job duties and complete a task on time.
Teams will begin to form from current employees and some new hire. University of Phoenix Material Team Strategy Plan 1.
Complete the following table to address the creation of teams at Riordan initiativeblog.comgy Strengths Weaknesses Need to have a strong production initiativeblog.com seen significant growth since its interception.
Team Strategy Plan Mgt (4 Pages | Words) Complete the following table to address the creation of teams at Riordan Manufacturing.