rincess was appointed as the new Chief Executive Officer (CEO) of TSF Food Products Trading and Manufacturing Corporation due to the death of her father. Their company is open to public and had to adapt to being transparent to outside investors. There were pressures from the shareholders to reduce operating cost of the business in order to increase profits. In response to their request, Princess implemented cost cutting measures by means of imposing early retirement of employees who she felt could no longer cope up with the work so to decrease the digitize operation of the business. As expected, most of the employees were not happy upon knowing the situation and this affected the morale of their employees. Princess sought the assistance of Mark, the company’s HR manager. Mark suggested a comprehensive program wherein all employees would be evaluated based on achieving results by means of demonstrating to their employees that their performance affects company’s status. Those evaluated with unsatisfactory result should be forced to resign from work. This in turn will show to the shareholders that the company’s primary objective is to increase performance of the employees so to achieve a more profitable business operation entity. 1. Do you agree with the proposal of their HR manager? 2. If you were one of the employees of TSF Corporation, how would you react to the new evaluation system that will measure your performance? 3. In your own opinion, is it really necessary to make performance evaluation to all employees just to implement cost cutting measures?

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Princess was appointed as the new Chief Executive Officer (CEO) of TSF Food Products Trading and Manufacturing Corporation due to the death of her father. Their company is open to public and had to adapt to being transparent to outside investors. There were pressures from the shareholders to reduce operating cost of the business in order to increase profits. In response to their request, Princess implemented cost cutting measures by means of imposing early retirement of employees who she felt could no longer cope up with the work so to decrease the digitize operation of the business. As expected, most of the employees were not happy upon knowing the situation and this affected the morale of their employees. Princess sought the assistance of Mark, the company’s HR manager. Mark suggested a comprehensive program wherein all employees would be evaluated based on achieving results by means of demonstrating to their employees that their performance affects company’s status. Those evaluated with unsatisfactory result should be forced to resign from work. This in turn will show to the shareholders that the company’s primary objective is to increase performance of the employees so to achieve a more profitable business operation entity. 1. Do you agree with the proposal of their HR manager? 2. If you were one of the employees of TSF Corporation, how would you react to the new evaluation system that will measure your performance? 3. In your own opinion, is it really necessary to make performance evaluation to all employees just to implement cost cutting measures?

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