Report on PEP :: Business Objectives Management Essays

Report on PEP designate 1Describe and explain PEPs occupation objectives, victimisation its missionstatement and other informationEvaluate and explain how no-hit PEP appear to be in meeting eachof these objectives.A mission statement is a written statement setting aside the generalaims of a military control. This is also known as a argument objective.PEP is a business, which has been set up to produce beneficial calibreproducts and fine customer service, as most businesses begin aimsand objectives. Examples below state some basic aims and objectives abusiness might have study a profit Provide goods and services for their customers Survive and expand the business Improve the caliber of goods and services Compete against other businesses To be environmentally friendlyPEP is a family business with a good tale that provides goodquality products to customers. PEP has issued a mission statement thatshows what the business is aiming for. These are listed below, Preserve a good family atmosphere in tutelage 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 customersPEPs hold to maintain a good family atmosphere to meet theirobjectives because if the business starts to disagree with theiremployees then the employee might shape to leave which could cause adisturbance in the business. If PEP begins to pull back their employees,the business could risk failure. To prevent this from happening, theemployees should channel with each other all internally orexternally and be friendly. People target communicate with each other inmany ways e.g. internal or external meaning in or outside of thebusiness, up, down and crosswise the business hierarchy and formal orinformal.Motivating the workforce can be a massive advantage for PEP becausemotivating by making them feel valued and part of a team authority t heemployees the workforce can work better which means improved qualityof product or service to customers and therefore improve results forPEP.All businesses unavoidableness to make a profit or a surplus. Profit is the coinleft over after all the expenses has been paid. Profit provides moneyfor farther growth, investment and rewarding the owner(s) as closely astheir shareholders.PEP need to increase their sales and market shares in order to make aprofit. Shareholders are people who have a share in the business, theyhave invested money into the business so if the business does not dowell the shareholders lose out. Therefore, it is vital for thebusiness to increase the profit.