Riordan Manufacturing Problem Solution
Problem Solution: Riordan Manufacturing
Introduction
Riordan Manufacturing is a global plastics producer employing 550 people with projected annual earnings of $46 million. Production is divided among three plants: plastic beverage containers in Albany, Georgia; custom plastic parts in Pontiac, Michigan; and plastic fan parts in Hangzhou, China. Research and Development is conducted at corporate headquarters in San Jose, California. Riordan's major customers are automotive parts manufacturers, aircraft manufacturers, the Department of Defense, beverage makers and bottlers, and appliance manufacturers (Riordan Manufacturing Scenario, 2008).
In this assessment, Riordan Manufacturing’s current state and future prospective will be clearly identified and a final solution will be suggested. The company is likely to manage the change effectively and achieve goals efficiently following the guidelines of the optimal solution.
Situation Analysis
Issue and Opportunity Identification
Riordan Manufacturing is currently facing issues like low revenue, dissatisfied and unhappy employees and shortage of staff because of increased attrition rates. The employees in Research and Development department believe that they are not being challenged enough and that their abilities are not being used to the fullest. Kenneth Collins, VP Research and Development believe that employees in his department know that they can be paid more elsewhere for the same work (Riordan Manufacturing Scenario, 2008).
Focusing on McClelland’s Learning Needs theory reveals the importance of understanding that needs of employees may vary and be different based on the industry and the employees themselves. Three of these are the need for achievement the need for affiliation, and the need for power. High need for achievement is a characteristic of people who desire accomplishment. Individuals with high need for power seek to control their environments and a...
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