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A company can use a range of planning activities to help them achieve their aims and objectives. One of the planning activities they can use is budgeting. A budget is a financial

Extracts from this document...

Introduction

Grandview Morning Press Task 1 Every company or organisation has aims and objectives. An aim is the purpose for the company to exist and objectives are the steps that will need to be taken to reach the aim. These are necessary as it gives the employees direction and a goal to work towards. It also provides a framework around which to create plans. Companies can have a set of aims and they are usually referred to as the company's mission statement. Mission statements can be viewed by the public on company reports and their websites. Many organisations may share the same or similar aims such as: - > To make a profit > To increase profits > To increase market share > To survive Charity organisations may have different aims as they are a non-profit-making organisation. Aims are usually more general compare to objectives. Objectives are always SMART. This stands for: - > Specific - Objectives should specify what the company wants to achieve. > Measurable - the company should be able to measure whether you are meeting the objectives or not. > Achievable - Are the objectives you set, achievable and attainable? > Realistic - Can the company realistically achieve the objectives? > Time - When does the company want to achieve the set objectives? > In a large organisation each department may have different objectives e.g. the marketing department may have the objective of increasing brand awareness by the end of the financial year or the sales department may have the objective to increase sales by 5% by the end of the year. ...read more.

Middle

Every company would also want to play a big role in their community. Task 2 Management is the process of achieving the aims and objectives of a business by using its available resources effectively. The main functions of management are: - > Planning: setting clear objectives. > Organising: dividing the work into smaller tasks and delegating to others. > Staffing: having the 'right' person in the 'right' job > Directing: decision-making and giving instructions to others. > Co-ordinating: Bringing the various parts of the business together. > Budgeting - Controlling the cash flow of each department. There are a number of management styles: - Autocratic Democratic Laissez-faire Paternalistic An authoritarian leadership style. People at the top of an organisation make all the decisions and delegate very little responsibility down to the people below them. Involves managers and leaders taking into account the views of the workforce before implementing any new system. Where employees are set objectives, and then they have to decide how best to achieve them using the available resources. Where the manger will consult the workforce before implementing any decision Advantages Can lead to increased levels of morale and motivation amongst the workforce Can result in high levels of enthusiasm for the task in-hand Disadvantages Communication is top-down. No opportunity for feedback to the leader. Can also result in far more time being taken to achieve the results Relies too much on the skills of the workforce. ...read more.

Conclusion

Problems I understand you have a few issues regarding the stuffing crew and their attitudes to their work. I would like you to have a meeting with each of the crew to discuss these matters and maybe find a solution to these problems. If you would like me to help conduct these meetings do not hesitate to ask. Overall I am very impressed with your commitment to the job. You are a hardworking individual who has the businesses needs at heart. You are a good timekeeper and enjoy your job. You are happy with the hours you are required to work and have no problem with your job. However I am a little concerned with how you thought a few of the issues were amusing. I have said to let me know if any more issues arise. Interpersonal skills are the skills that are connected to communication. These are essential to make a business or organisation run successfully. There is formal and informal communication. Formal communication can be things such as letters and e-mails; however these can also be informal depending on the language used. They also include non-verbal communication which is body language and actions. E.g. folding of the arms is a sign of defensiveness. My interpersonal skills during the appraisal: - Positive Negative Talking Clearly - this shows interest Folding arms - this gives a sign of defensiveness Looking straight at the appraiser - shows interest Leaning back on my chair - this gives a sign of defensiveness Laughing - this shows a negative attitude Using informal language - this shows a negative attitude ?? ?? ?? ?? Munira Yakub ...read more.

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