Reference no: EM133478442
Problem: During COVID, the students of the tutoring company, Learn For Life, are no longer coming to campus and demanding that they take lessons online. However, the company is considering a variety of options as it is having a hard time paying the rent of the massive office building it has been renting on College and Spadina where all classes used to be held pre-COVID and is, therefore, considering the following options to reduce costs, while maintaining business.
Establishing Criteria:
The criteria used to evaluate potential business solutions in order of significance:
The costs of running Learn for Life
The costs to the students (including tuition, textbooks, etc.)
Further possibilities for business expansion
Further possibilities for attracting experienced, efficient and creative instructors
The staff will stop paying the monthly $4500 rent and hire new instructors through Zoom interviews. This choice entails the purchase of 600-dollar laptops for, at least, twenty-five instructors to keep the momentum going. Business will become decentralized as everyone begins to work from home and the company will have to pay for the staff's internet costs (which will differ from person to person depending on their service providers). This option reduces the tuition fees of students and certain costs for the company; however, it curtails chances of business expansion and will not, necessarily, allow for the hiring of the best of the best instructors
Based on the above information do your best to write a comparison/yardstick report that is addressed to the director of Learn for Life, Dr. Anthony Singh with the subject of "The Best Option to run Learn for Life during the Pandemic."
The above is all the information you have and, if need be, you can get creative within the confines of the information provided above and the assignment itself.
Please note that there is an example of a comparison/yardstick report on the slides for Week 7. You can find the example towards the very end of the powerpoint presentation slides that have been posted for Chapter 11 of your book and available in the folder for Week 7.