Essay on Riordan Manufacturing Week 6 Problem Solution

Stakeholders are people that have an interest in the success of business and play a role in the survival of that business. They tend to submit monthly amounts of money

A main component of any company are stakeholders. A stakeholder is a person, group, or organization that has an involvement or interest in a company. Stakeholders can affect a company’s actions as well as be affected by them. There are several key stakeholders in Comcast who play a large role in how the company is ran. These include managers and employees, government agencies and unions, and finally the shareholders.

According to researcher Lindner (1998), motivated employees are needed in our rapidly changing workplaces to aid in the survival of organizations. Not only is it important to meet the needs of the consumer, it is equally important that to make sure that associates are taken care of and remain motivated. For this reason, Gibson, Ivancevich, Donnelly and Konopaske (2012) “states much of management’s time is spent addressing the motivation of their employees” (p. 125). According to the Encyclopedia of Small Business (2007), employee motivation is the level of energy, commitment, and creativity employees bring to their jobs; the inner force that drives individuals to accomplish personal and organizational goals (Lindner, 1988). Despite its obvious importance, employee motivation can be an elusive quest for managers due to the multiplicity of incentives that can influence employees to do their best work. The reality is that every employee has different ways to become motivated and the knowledge of how to motivate them is key to organizational success. It is imperative that employers get to know the personal needs and wants of their employees in order to establish tactics in which to motivate each of them. Once achieved, “managers are in a better position to encourage and reward employees to behave in effective ways” (Gibson et al, 2012, p.

Dyck and Neubert  (2012) defined  ethics  as "[A] set of principles or moral standards   that  differentiate right  from  wrong". It is a way of determining the morality of any action. It is important that managers adhere to ethical principles that will guide them in making appropriate and ethical decisions for the company. Thus, Roger Berg, being Vice-President of Planning at The Lake Corporation  plays a significant role in the company in ensuring that decisions are made without tarnishing management ethics. He must face and weather through the challenges caused by other sources that could put him in ethical dilemma situations and push him to render management decisions violating ethics.

Stakeholders are individuals or groups that partake, or assert, possession, privileges, or benefits in a, organization and its accomplishments, previously currently, and in the upcoming (Barrett, 2001). These requested privileges or benefits are the result of communications with, or activities reserved by the organization, and they must be lawful or ethical, separate or combined Stakeholders with comparable benefits, entitlements, or privileges can be categorized as fitting into the similar collection: personnel, investors, and clients (Barrett, 2001). The better the impact these groups have on client’s lives and the extra community assets with which they are assigned, and it becomes vital that they are responsible (Barrett, 2001).

All organizations aspire to be successful in this era of rapid development where the market is very competitive. Therefore, there is a need for them to motivate their employees since they are a critical strategic asset for dealing with such competition. Employees’ motivation can be described as the psychological process that causes workers to behave in a positive manner thus improving their performance behavior (Townsend, 2002). Companies irrespective of their size and market should strive to retain their best workers, acknowledging their significant role and influence to the organizational effectiveness. To achieve this, firms should create a strong and positive relationship with the workers. From the data obtained from various researches, it is apparent that employee motivation improves performance through reducing absenteeism as well as increasing renovation among workers (Norsworthy &Zabala, 1990). The relationship between motivation and performance is clearly depicted in Southwest Airlines Company where the firm invests on its human resource to improve its productivity.

After careful assessment of the infrastructure and inventory systems used at Riordan Manufacturing, our team has identified these systems are outdated and unable to effectively manage the day to day processing. As a global leader in the manufacturing of plastic products, the performance and reliability of the infrastructure is crucial to the continued success and growth of your company’s operations. Therefore, our solution to uplift the infrastructure and launch of the Riordan Global Operations System (R.G.O) a new platform for supporting inventory and managing customer orders . Our system will enable your employees and customers see

Riordan Manufacturing has determined what it must do to motivate its employees, but at what cost or risk. Riordan's management team needs to decide what is best for

Riordan Manufacturing will have to design a cost effective solution that will satisfy their human resource system needs. This objective will be completed by compiling and reviewing the information attained during the background and research phases of the project. The

Stakeholders are anyone who has a interest or influences the business in anyway. There are two

The stakeholders are the owners of the company, investors or stockholders. They pay people to manage certain aspects of the firm and trust that the reporting will be accurate and honest.

Primary stakeholders are those people who are active members of the Healthcare Group such as board of directors, functional members, shareholders, patient, senior manager and employees. For the success of a Healthcare organization, management of the stakeholders is an important step.

Stakeholders are people or groups with interest in an organization that can affect or be affected by the organization itself, its objectives, or its policies (BusinessDictionary, 2015). Each stakeholder brings their own perspective to the table based on their relationship with the organization (e.g. internal or external role), their level of experience, and their area of expertise about the subject matter they are involved with. At a high level, the list of stakeholders for any organization could include people or groups such as: customers, employees, government agencies, suppliers, unions, community resources, shareholders, and business owners. For the purpose of this assignment, I will discuss and review stakeholders relative to the

In the 1960s, LEWIN was one of the first to address employees’ motivation. According to him, motivation and skills must be combined to determine the level of performance. After him, there was a lot of research done about that subject; we then realized that motivation was very important to organizations. Motivation at work can therefore be defined as the employee 's willingness to do their job, the degree to which they are involved, their perseverance and continuity of their effort. Nowadays, companies are in a situation of hyper-competition, and profitability, profits and economies of scale have become major concerns. Human resources services are at the forefront. Indeed, they must succeed in conciliating satisfaction and profitability in

Stakeholders have contributed capital towards the business venture and as such they have a direct interest in the financial performance of the business because this will impact on the value of their investments.