Cango Week %

Topics: E-book, Cost-benefit analysis, Opportunity cost Pages: 2 (512 words) Published: October 16, 2011
Alina Kutsenko
Week 5 & 6
1. One issue CanGo faces is that employee evaluations that are given are really weak and not really beneficial. 2. One issue CanGo is facing is the lack of financial resources needed for new service that will expand the company and help it grow future.

1. In the video the coach sat down with Nick to evaluate his performance within the company and while giving Nick his scores the coach gave scores to be nice because he was his friend. The coach cannot give their employee evaluations based on not wanting to hurt any feelings. By given your employees feedback, praise and criticism of their work the employee will then know what is expected of him and what shortfall he or she may have. Performance standards describe what you want workers in a particular job to accomplish and how you want the job done. These standards apply across the board, to every employee who holds the same position. Giving evaluations can be difficult. Some workers react to criticism defensively. And, sometimes, no one understands what merits a positive evaluation. If your workers feel that you take it easy on some of them while coming down hard on others, resentment is inevitable. I recommend that CanGo coach who is giving out evaluation should be honest with their employees. If you avoid telling a worker about performance problems, the worker won't know that he or she needs to improve. Be sure to give the bad news, even if it is uncomfortable. By doing this the employee will always know what is expected of them at work and as well as what needs to be worked on or change ( DelPo, n.d.). 2. I recommend that CanGo will need to use the opportunity cost analysis to decide if the benefits are greater than the economic tradeoff. CanGo will need to measure each opportunity by performing a cost benefit and also know the tradeoff they will have make. For the company to grow CanGo executives and employee were considering expanding in areas by...
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