Report on PEP :: Business Objectives Management Essays

Report on PEP Task 1 Describe and explain PEP’s business objectives, using its mission statement and other information Evaluate and explain how successful PEP appear to be in meeting each of these objectives. A mission statement is a written statement setting out the general aims of a business. This is also known as a business objective. PEP is a business, which has been set up to produce good quality products and excellent customer service, as most businesses have aims and objectives. Examples below show some basic aims and objectives a business might have:  · Make a profit  · Provide goods and services for their customers  · Survive and expand the business  · Improve the quality of goods and services  · Compete against other businesses  · To be environmentally friendly PEP is a family business with a good history that provides good quality products to customers. PEP has issued a mission statement that shows what the business is aiming for. These are listed below,  · Preserve a good family atmosphere in keeping with our great tradition  · Achieve increasing profit to reward our shareholders and reinvest in our business  · Produce the best electrical appliances to the UK and export markets  · Provide excellent service to our customers PEP’s need to maintain a good family atmosphere to meet their objectives because†¦ if the business starts to disagree with their employees then the employee might decide to leave which could cause a disturbance in the business. If PEP begins to lose their employees, the business could risk failure. To prevent this from happening, the employees should communicate with each other either internally or externally and be friendly. People can communicate with each other in many ways e.g. internal or external meaning in or outside of the business, up, down and across the business hierarchy and formal or informal. Motivating the workforce can be a massive advantage for PEP because motivating by making them feel valued and part of a team means the employees the workforce can work better which means improved quality of product or service to customers and therefore improve results for PEP. All businesses need to make a profit or a surplus. Profit is the money left over after all the expenses has been paid. Profit provides money for further growth, investment and rewarding the owner(s) as well as their shareholders. PEP need to increase their sales and market shares in order to make a profit. Shareholders are people who have a share in the business, they have invested money into the business so if the business does not do well the shareholders lose out. Therefore, it is vital for the business to increase the profit.

Personal Statment

Tell us about a personal quality, talent, accomplishment, contribution or experience that is important to you. What about this quality or accomplishment makes you proud and how does it relate to the person you are? I have been playing keyboard for about five years, which I really enjoy, I got my keyboard lessons from Melody International School of Music. My music school has recitals each year for it's students show what they have learned over the year.After attending the music school for about two years, my Instructor told me that I was dead for my first recital, which I was really exited for, since I started attending the music school I have always wanted to perform on a stage and have an audience to Impress. But I didn't know the preparation for the recital and the recital Itself would teach me a great life long lesson that I would need In life. It was December when my Instructor told me we were going to have our recital In about three months.He also told me that it was going to be a â€Å"bit† hard for me because I had to perform with al the students, at first I thought to myself he was just joking until he handed me a pile of paper, which were the notes of the songs the students choose to perform at the recital. At last he added I had three months to practice all one hundred and thirteen songs and to master them better than the performer, at that moment I felt so much pressure on myself, and so stressed out like the recital was tomorrow and I wasn't ready.I did what every person would do, panic because this was my first recital, and I had to perform on stage for two hours. But I had no choice I got to work, I practiced everyday for more than two hours each day and in addition to that I had to go to music studios every Sunday to practice with all of the students. There where days that I Just gave up on myself and I felt like I sucked but I still kept practicing, with in a month I saw progress, I could play the notes very well but still need to work on it but most importantly I didn't feel so bad about myself and there was less pressure on me.The three months passed so quick I felt I was sleep the whole time but I had been racketing and I had mastered all of the songs and I was ready to impress my audience. The recital was on March second, all of the students had to dress nice and professional, I wore a white shirt with black pants and black shoes. As my dad was driving me to the auditorium I felt so calm and relaxed because I knew that I was ready and I believe in myself and so did my Instructor.The guests started arriving slowly and by like thirty minutes the auditorium was full of people and the host stepped on to the stage and welcomed the guest and Introduced the Instructors and old to the audience that he wanted to Introduce a special person and at that moment I heard footsteps that were coming toward me and turned back and saw It was my Instructor witch came and grabbed me on my arm and told me to stand up and all of a sud den I heard my name over the speakers and he pulled me on to the stage and Introduced me to the audience and gave me a trophy, as the most valued musician at Melody International School of Music.I felt it was a dream, I could believe for her sit. The recital started and I was in a very good mood I performed very well ring the first session of the recital and the one half was remaining but I wasn't worried about it. After the second half ended they handed each student a trophy and the host finished the program.When everything was finished I felt so blessed that everything went so smooth, and felt the pressure was off me when I got it the day my instructor told me about everything about the recital. Everyone was so proud of me, my parents, my instructor, my family member, even some of the audience member congratulated me, and my family and that's was where I know I made my audience impressed.

Marx View on Capitalism - 2101 Words

1b. Summarize Marx’s views on the market, alienation, the labor theory of value, the surplus value, and the accumulation of capital. Are these views relevant in the 20th century and during the contemporary globalization? If so, how? How are these views related with Thorstein Veblens ideas? Please give specific reference to the relevant readings. Theory of Alienation--his analysis of how people are bound to become estranged from themselves and each other under the conditions of capitalist industrial production (Hooker). This Theory of Alienation is often considered the philosophical underpinning for his later more technical critique of capitalism as an economic system (Bramann). Marx developed his theory of alienation to reveal the human†¦show more content†¦The factory owner has done nothing to earn the money and the $5 per hour he receives is surplus value, representing exploitation of the worker. Even the tools which the factory owner provided were, according to Marx, necessarily produced by other workers (Wollstein). According to the labor theory of value, all profits are the rightful earnings of the workers, and when they are kept from the workers by capitalists, workers are simply being robbed. Marx called for the elimination of profits, for workers to seize factories and for the overthrow of the tyranny of capitalism. Basically out of the worker labor, the companies make far more than what they paid the workers, while the companies get richer and richer while the workers remain poor (Mandel). There are some flaws to the labor theory of value. For example, most workers prefer to be paid when their work is completed rather than when their products are sold – which may be months later. For workers to be paid now, rather than later, someone must advance their wages, and clearly this service has a value. But proponents of the labor theory would have it both ways: workers are to receive the full future value of their product now. The final theoretical failure of the labor theory of value is the value-effort fallacy. It is folly to assume that all effort produces value. Every day each of us wastes time on fruitless efforts. To equate labor with theShow MoreRelatedMarx View on Capitalism1635 Words   |  7 Pageswritten in 1947, so important to us that we are reading it in University in 2009? History speaks to the present, and this text takes us into the past to help us understand the flaws of our socio economic system of capitalism and questions the social responsibility of businesses under capitalism. Social responsibility of a business is the willingness of a business to accept responsibility for its actions and their impact on a range of stakeholders. 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