Question

1. Identify some criteria that you think Szaky would use in establishing performance standards for TerraCycle. What methods might be used to measure this performance?
   
2. What elements of budgetary control does Szaky use to help his business develop and grow?

Answer 1

A Thumbs Up! Would be really helpful for me. If you have any questions, please leave a comment and I will get back to you as soon as possible.

TerraCycle is an American based company whose work is to collect waste products from various places and recycle it into a new useful product for there consumers of the country for consuming. The company's motive is to do zero percent waste and try to use the products in a better way so that it shouldn't be wasted. Increase the performance standards of the company they should add more volunteers who can be very useful for the company as most of the profits earned go to the charity and maximum people can work with more dedication and try to achieve the company's objectives. They can also add useful machinery into their company which provides faster benefits and improve the performance standards in the company. There are various methods which can help the company to measure the performance of the company as Deccan measure the product quality they are recycling from the ways and if the customers like the product's quality then your company is going on a right path and also they can ask their workers if they are satisfied with their jobs as workers also play a key role in the development of the company. Effective training of their workers can help the company to improve its performance and try the best to achieve company goals. Szaky makes clear in the mind of there workers about there objectives and if the objective is clear then every individual of the company shirt focus on that objective and try to achieve effectively and efficiently. Moreover, they can manage their work in a way that provides satisfaction to their employees so that they can work with more dedication to achieve company goals.