Riordan Virtual Organization

2736 Words11 Pages
Riordan Virtual Organization Riordan is a company looking at all the areas of business. Starting with a strategic plan and the significance of having one, to accountability of social and ethical concerns. Having a strong knowledgeable employee base increases the moral and the security of the company both in the United States and Internationally. Providing the proper financial documentation discloses how the company is doing. Conducting key measurement guidelines to ensure they are on track with production and budget. Including employee and company reviews to taking action if a decrease in productivity is noticed on a consistent basis. A strategic plan is not only needed for Riordan but all businesses. This document communicates…show more content…
Having a base company in the United States and expanding global, Riordan must be knowledgeable of those differences and a master at intertwining them. Achieving this is a delicate balance that must be adhered too. Staying true to the moral compass of the company will provide reassurance to the stakeholders that the company is on solid ground and a wise investment. Having yearly reviews of governmentally laws and society changes will allow Riordan to stay current with the ongoing challenges of change. Letting the company’s intentions known to people will allow open discussions amongst the shareholders of how to handle a situation appropriately. Thus, allowing the confidence in knowing that Riordan is functioning to a high set of standards. There is lot of competitive advantages for the Riordan, as there is lot of diversity in the sales. There are both national and international sales of the products. There is also provision for incentives for the employees for their outstanding performances. It has always been among the top slot in the competition as it always keeps an eye over the current trends. It has always made its presence felt in the high traffic region of the globe made it more popular among the users. Public response due to marketing serves as great tool for the…show more content…
This is accomplished by training and assessing the competency levels of personnel. To get the most out of each employee, human resource managers must ensure adequate staffing. An overage or shortage of personnel may lead to reduced productivity. If Riordan allows this to happen, it usually results in increased recruiting efforts or termination. Riordan has a culture and structure that places value on diversity and ethics. Diversity is important in the work environment because it opens individuals to new ideas and thought processes. They encourage diversity by reaching out to a variety of potential employees and continuing to foster teamwork. HRM takes the necessary steps to foster respect and openness to the differences in people. This type of culture provides an excellent foundation to breed innovation. Riordan uses business ethics to interact with other companies to sustain healthy relationships. Most of these ethical considerations are seen as common courtesy. Some unethical behaviors that Riordan are trying to avoid are lying, falsifying information, and stealing/theft. HRM plays a major part in resolving these issues in order establish an ethical
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