Riordan Manufacturing: Ethical Dilemma on Company Survival

Riordan Manufacturing: Ethical Dilemma on Company Survival

  • Submitted By: panaqueen
  • Date Submitted: 01/19/2009 1:43 PM
  • Category: Business
  • Words: 1329
  • Page: 6
  • Views: 1453

Gap Analysis: Riordan Manufacturing
University of Phoenix
Human Capital Development
Cheryl Brown
January 25, 2007

Gap Analysis: Riordan Manufacturing
After analyzing the Riordan Manufacturing situation, the challenges to the solutions are to satisfy the values as well as needs of all the stakeholders. Riordan Manufacturing has several ethical dilemma to solve where the survival of the company are at great stake. They have an opportunity to grow their business as well as continue to add value to all key stakeholders, to include their customers, and employees. Riordan Manufacturing competitive advantage comes from their loyal employees. Riordan Manufacturing has to identify and recommend the best solutions to solve the declining moral of their employee.
Situation Analysis
Issue and Opportunity Identification
On analyzing the Riordan Manufacturing, the solutions are to satisfy the company vision as well as the values and needs of all the employees. Riordan Manufacturing is a global producer employing 550 people with projected earnings of $46 million. Riordan has made several changes in the way it manufactures and markets its products; however, declining sales and uneven profits over the past two years has forced the company to change its sales processes. As they changes occurred, the employee retention numbers have declined. Riordan’s conducted an annual employee survey, which showed a decreased in overall job satisfaction in the area of compensation and benefits. Riordan Manufacturing competitive advantage comes from its loyal employees. Riordan Manufacturing realizes in order to comply with the obligations of its people; the organization must hire a HR consultant to analyze the issues raised in the employee survey.

Stakeholder Perspectives/Ethical Dilemmas
Riordan Manufacturing has to survive as a global plastic producer company as well as provide an assurance to its stockholders. Who stakeholders are and why they matter?...

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