Report on PEP :: Business Objectives Management Essays

Report on ginger Task 1Describe and explain PEPs business objectives, using its kick argument and different information assess and explain how successful PEP appear to be in confluence all(prenominal)of these objectives.A mission statement is a written statement setting out the generalaims of a business. This is also known as a business objective.PEP is a business, which has been set up to pay off good qualityproducts and excellent customer service, as most businesses fork out aimsand objectives. Examples below show some basic aims and objectives abusiness capability have Make a winnings Provide goods and services for their customers extend and expand the business Improve the quality of goods and services Compete against other businesses To be environmentally friendlyPEP is a family business with a good history 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 nimbus in keeping with our great tradition Achieve increasing profit to reward our portion outholders and reinvest in our business Produce the best electrical appliances to the UK and exportation markets Provide excellent service to our customersPEPs need to reserve a good family atmosphere to meet theirobjectives because if the business starts to disagree with theiremployees consequently the employee might decide to leave which could cause adisturbance in the business. If PEP begins to lose their employees,the business could risk failure. To prevent this from happening, theemployees should communicate with each other either internally orexternally and be friendly. populate can communicate with each other inmany shipway e.g. internal or external meaning in or extracurricular of thebusiness, up, down and across the business hierarchy and formal orinformal. actuate the workforce can be a massive advantage for PEP becausemotivating by making them feel valued and part of a team mover theemployees the workforce can work better which means mendd qualityof product or service to customers and therefore improve results forPEP.All businesses need to make a profit or a surplus. winnings is the moneyleft over after all the expenses has been paid. Profit provides moneyfor further growth, investment and rewarding the owner(s) as well astheir shareholders.PEP need to increase their sales and market shares in enounce to make aprofit. Shareholders are people who have a share in the business, theyhave invested money into the business so if the business does non dowell the shareholders lose out. Therefore, it is vital for thebusiness to increase the profit.