Running head: GAP ANALYSIS: RIORDAN MANUFACTURING
Gap Analysis: Riordan Manufacturing
University of Phoenix
Gap Analysis: Riordan Manufacturing
Riordan Manufacturing is a global plastics producer employing 550 people with projected annual earnings of $46 million. Recently several strategic changes affecting the way it manufactures and markets its products have resulted in a decrease in sales and profits. Many internal changes have also been made and there has been a consistent drop in employee satisfaction, which had led to an increase in voluntary terminations. In order to keep up with the competition, Riordan Manufacturing must implement changes immediately.
In order for an organization to achieve the highest-level performance from its employees, it is important to understand what motivates the employee. The motivation and reward that an employee needs from their employer and what his or her employer may be offering them most times will have different measurements. Higher employee motivation will lead to greater creativity, productivity, high morale and minimal turnover within an organization.
This paper will address the issues and opportunities within Riordan Manufacturing, the stakeholder groups and the interests, rights and values of each group, the end-state vision that will allow Riordan to know it has achieved its goals and a gap analysis of what will need to change not only to improve human resource practices but to give Riordan Manufacturing a sustained competitive advantage (SCA) in the global marketplace (Dreher& Dougherty, 2001).
Situation Analysis
Issue and Opportunity Identification
Riordan Manufacturing has been experiencing various issues that have been affected the internal and external dynamics of the organization. The following issues have been identified and analyzed to create opportunities for a quick strategy to pinpoint where change needs to be implemented. These changes will encourage...