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Abstract
Benchmarking intends to discover the best practices of companies that have solved issues comparable to Riordan Manufacturing's concerns. It's the best way to find solutions involving companies in the same industry, and then finding solutions to similar issues faced by companies in other industries. General Motors and Verizon are companies that have faced decreased sales and employee concerns over employee reward issues. In Riordan Manufacturing case, they have developed a new business strategy and provide new strategies with their employee reward systems.

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 their department's needs and what more important, money or recognition. The risk may be high for Riordan because if one department is not rewarded and the other is not, then there is distrust between each department. Riordan may need to utilize an......

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Approximate Word Count: 1123
Approximate Pages: 5 (250 words per double-spaced page)

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