...the purpose of business? Discuss. INTRODUCTION 1 At a dinner party a doctor, a lawyer and a businessman are sitting around the table chatting and talking about their life and work. At one point another man approaches the table and asks the three men what the purpose of their jobs is. The doctor immediately responds that he wants to help people and save life. The lawyer takes over and says he fights for justice and equality but when it comes to the businessman to answer the question - he remains silent. Would a normal businessman have been able to give readily a precise answer as to the purpose of business? Would he have said is it all about money and making profit? Or would he have answered like Peter Drucker that the customer should have the highest priority in business life and everything should be done to satisfy him1. Or would he have responded like Dave Packard once said: “I think many people assume, wrongly, that a company exists simply to make money. While this is an important result of a company’s existence, we have to go deeper and find the real reasons for our being...” 2 These quotes describe very well the difficulty in answering the question what the purpose of business is and the need for detailed analysis. As everybody is affected and surrounded by business every day, and since one can hardly imagine a world without business, it is crucial to know its purpose. Therefore it is the objective of this paper to examine in greater detail the nature and purpose of...
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...Unit 1: BUSINESS PURPOSES Task 1 – The Purpose of Business Organization State the name and describe the purpose of four different business organizations. The purpose of a business may well be to supply goods and services at a profit, free, at cost or below cost. Marks & Spencer (a multi-national organization) A multi-national organization is a corporation with production facilities or significant operations in more than one country. It can be based in any country but makes major management decisions in a global context. Marks & Spencer is one of the UK’s leading retailers, with over 21 million people visiting their stores each week. They offer stylish, high quality, great value clothing and home products, as well as outstanding quality foods, responsibly sourced from around 2,000 suppliers globally. They employ over 75,000 people in the UK and abroad, and have over 600 UK stores, plus an expanding international business. Overall, their clothing and home ware sales account for 49% of their business. The other 51% of their business is in food, where they sell everything from fresh produce and groceries, to partly-prepared meals and ready meals. They do this by selling their own products for a profit. They also apply financial services; share stock is one of the main services. Dividends are the regular financial returns to shareholders who invest in the company. When Marks & Spencer earns a profit, it can be put to two uses: either re-invested in the business (called...
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...Unit 1: The business environment Help sheet 1.1.1 P1 Describe the type of business, purpose and ownership of two contrasting businesses To achieve P1, you must complete Task sheet 1.1.1, a case study, as well as Worksheets 1.1.1 to 1.1.4. You must also write a detailed presentation about two organisations. • You must ensure that the two organisations chosen are very different. For example, a large plc, such as Tesco, and a charity, such as Save the Children. This will make it easier to compare the environments. • It is a good idea to choose organisations that you are interested in, but that also have a large amount of information available. Therefore, spend some time researching a few organisations that might be of interest to see which one will make this task the easiest. • The same organisations will be used for tasks other than P1 so look ahead in the assignment to make sure the information you will need is available. • Once you have chosen your organisations, you need to research them in order to be able to identify the type of businesses they are. You must identify which scale they operate at and what sector they operate in. Make sure you give evidence and reasoning to back up your decisions. • The purpose and ownership of a business can often be seen on its website. However, you may find a phone interview very useful for collecting all the information you need. This can then be used as evidence. Remember to reference your work when necessary. ...
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...Purpose Of Life About ten years ago I was working so much I forgot about my health, family and friends. Somewhere along the road of shooting to become a successful business owner I lost track of what was most important. My dream somehow turned into a reality of being stressed out, and unhappy. It finally hit me...... Work had become my life's purpose. Like so many other entrepreneurs, I started my business for a chance at freedom and opportunity to be the master of my own destiny. I had visions of success and money, and with that I believed I could one day finally be happy. But the reality was I was not happy. I was miserable. I won't bare you with business concepts, but there is one important concept I learned that changed my life and I want to share it with you. All great companies have four things: purpose, vision, mission and care values. I asked myself, why can't I apply these ideas to my life? So I did, and here's how you can apply it to. Your life's purpose is the reason why you exist. It's the reason for being. Let me ask you again, because it's in my humble opinion, the most important question you could ever ask yourself – why do you exist? In the past, if you asked me what my life's purpose was – I would have told you it was to make lots of money. Believe me, there's nothing wrong with making money, but for myself, I finally realized it was not the reason why I exist. It was only an enabler at best. Finding your life's purpose is very much about...
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...Purpose of Brochure The main purpose of the brochure is to inform potential customers about the business, and what sorts of products they sell. Panel 1 – This panel is essentially the most significant as it is the first part of the brochure that potential customers will see. Panel 1 contains a small amount of text, with four images and a bold, eye-catching WordArt title. I feel that it is purposeful because the images represent the products which are sold within the shop, and the text offers a brief overview of what sorts of products the shop sells. Panel 2 – The purpose of Panel 2 is to provide the potential customers with details on how to contact the business, should they want to. It contains the address of the business, an email address, and a telephone/fax number. There is also a map of Llangollen showing where ‘Cottage Cards and Crafts’ is located. Panel 3 – It informs potential customers about the business, with minimal text so that it does not look overloaded with text (which could put people off viewing it). It also contains 3 images of Llangollen within panel 3, which are purposeful because ‘Cottage Cards & Crafts’ is located in Llangollen. Panel 4 – The purpose of panel 4 is to convey a small amount of information about lovespoons. There is also 2 images on that panel; one of lovespoons and one of a welsh dragon. They are purposeful because ‘Cottage Cards & Crafts’ sell welsh lovespoons. Panel 5 - This panel contains a combination of text and images...
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...Journal Assignment Part 1 When I complete my education, I want to be able to . . . When I complete my education, I want to be able to be ready for my career. I want to be able to start my own business in the field of my choice. I want to be able to be self-sufficient and take care of my family based on my thriving business success. My education is a vital part in starting my business, which is why I have to make sure that I am successful and complete my studies on time. With my education I will have made all the necessary connections for me to start my business and it to be profitable. I also want to be in the fortune 500, as one of the best. I also want to be able to purchase the basics house, car of my choice, and stocks. Part 2 My purpose for being in school is my children, I have to be successful and complete my educational goals. My purpose for being in school is myself, I am determined to complete school so that I can better myself in my personal life. I am motivated to complete school because without my degree I believe that I will not be successful in my life. This is a last alternative for me so I have to give it my all and make getting an education work for me in my life. Based on your results of the CSFI, which dimensions have you explored this week? I have explored my time management skills and I have made the necessary adjustments so that I am successful in school. Explain how have you applied the information from the text...
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...Major Definite Purpose: Questions to Ask Yourself (3) 1. 5 most basic virtues: Love, Peace, Truth, Right Actions and Non-Violence. I strongly believe in allowing the universe to take its course in my life. I live life through a “vision board”, where I envision all that I want out of life and strongly affirm to making it happen. I believe that it is only when you see others are divine sparks of God will you have truly realized the purpose of life. I live or at least try to inculcate in my life the 5 values listed above and all my thoughts words and actions are benchmarked on those. 2. To be successful – career wise To be the best mother and wife I possibly can To enjoy life to the fullest 3. Do everything to ensure that my child is well taken care of use every moment to realize God consciousness. 4. Give it to my parents. They have worked so hard for everything and I want to be able to give them some time to rest and relax and enjoy life. 5. Letting my superiors know what I really think of them. Speaking out, especially if it is not positive is something that I have a problem doing. 6. My belief in God and my family. My husband and son are my greatest joy and pride and bring me the greatest sense of accomplishment. 7. Dream of being able to rid the world of poverty. While it may seem like an over ambitious goal, it is heart wrenching to see children suffer for food that some people throw away so much of everyday. If I can guarantee this I would take...
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...Design Responsibility under Design and Construct Contracts: Some issues for Principals Introduction There are a number of reasons design and construct (D&C) contracts are attractive to principals and lenders. There is a single point of responsibility for both design and construction aspects of the project, the principal is able to fast track the project although not all aspects of the construction are complete, there is greater certainty of price and the contractor is involved from the earliest stage in planning design and programming. In consequence, the principal will need to accept a higher price for the contractor to take on this additional risk compared to more traditional construct only contracts. This paper will identify some issues for principals to consider when allocating design responsibility to contractors within a D&C project. These issues arise as the design and construct process involves a fundamental conflict of interest. Principals desire to have constructed a product of the best quality for the lowest possibly price. The contractor on the other hand is more likely to make a higher profit if the product is of a lower quality (and therefore cost) and a higher price (as opposed to costs). In addition, although a greater proportion of design risk is placed on the contractor, this passing of risk is often accompanied by the abrogation of responsibility and loss of control. The paper will refer to the approaches of 3 standard form contracts -...
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...failed to reveal complications. And yet, the Vujicic family was destined to cope with both the challenge and blessing of raising a son who refused to allow his physical condition to limit his lifestyle. The early days were difficult. Throughout his childhood, Nick not only dealt with the typical challenges of school and adolescence, but he also struggled with depression and loneliness. Nick constantly wondered why he was different than all the other kids. He questioned the purpose of life, or if he even had a purpose. According to Nick, the victory over his struggles, as well as his strength and passion for life today, can be credited to his faith in God. His family, friends and the many people he has encountered along the journey have inspired him to carry on, as well. Since his first speaking engagement at age 19, Nick has traveled around the world, sharing his story with millions, sometimes in stadiums filled to capacity, speaking to a range of diverse groups such as students, teachers, young people, business professionals and church congregations of all sizes. Today this dynamic young evangelist has accomplished more than most people achieve in a lifetime. He’s an author, musician, actor, and his hobbies include fishing, painting and swimming. In 2007, Nick made the long journey from Australia to southern California where he is the president of the international non-profit ministry, Life without Limbs, which was established in...
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...Week 3 – DQ1 – Business Communications Interpersonal communication is different from business communication due to the fact that the addressed audience is a group of several people who have different interest and concerns. The content must be structured to be informative and persuasive to hold the audience’s attention. There is also a harmonious relationship in order to build rapport. The purpose of an interpersonal communication is to remedy a situation with a purposed solution. The tone can be formal and professional, or it can informal. The audience in a business communication is primarily directed to people in a business environment, such as director, board members, upper management, etc. The content is well-structured and professional. Rapport must also be established and use of inclusive language. The tone is formal and professional with diplomacy. The purpose of a business communication is to inform, gain a response and/or request an action. Business Communication Example: (MEMO) TO: Willard Jones, Maintenance Supervisor DATE: January 15, 2008 FROM: Bob Nelson, Maintenance Director SUBJECT: Employee Evaluations This memorandum will serve as a reminder that all employee evaluations that are completed must first be brought to me before it is signed by the employee being evaluated. There have been several occasions of infractions in which rules or instructions were not followed by the mechanics...
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... Abstract This paper intends to the necessity of personal development for promoting our country in the map of the world. The paper discuss on the role of personal development that we need in every aspects in our life. It will be able to make us more effective that will help us to reach our goals. The concept of the paper is discussed into a main article (Necessity of personal development) which is distributed in different sections. These sections had told about the role of personal development in our life such as setting goals, focusing, balancing and recognizing our strengths, are all positive attitudes and we need positive thoughts and behaviors in order to accomplish the purpose of life. ROLE OF PERSONAL DEVELOPMENT 3 INTRODUCTION Self development is personal development which can be used to support the person in achieving goals and objectives. It is the process of knowing and enhancing our attitudes, behavior and feelings to have a healthier , happier and successful life. Peter Drucker (1955) postulates that “Development is always self-development. Nothing could be more absurd than for the enterprise to assume responsibility for the development of a man . The responsibility rests with the individual...
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...for this stage because she will grow to be outgoing and sociable as their reflection along with being affectionate to others from the attention she was given in this stage. (Early child hood 2-3 years) In the early childhood stage Crystal is becoming curious and attempting to achieve some type of independence such as feeding herself and learning to use the bathroom on her own. Crystal is speaking and saying small words and already walking. This stage is a success with the interactive behavior from the parents and family being encouraging of independence and autonomy. (Preschool 3 to 5 years) Crystal is taught become aware of helping family with small chores and assisting with younger siblings. The success of this stage is the given purpose in life and power. (School age 6 to 11 years) Crystal now understands the importance of school work and teachers expecting her to complete certain educational tasks. In this stage the conflicts are industry Vs inferiority. The success of this stage leads to a sense of competency. (Adolescence 12 to 18) Crystal is surrounded by friends who are all different as far as personality she is learning her identity and is easily confused in social relationships. Her parents teach her to remain independent and mentally strong as well as to continue to be who she is at all times. The success of this stage is that she...
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...positive definition one can make of "what it is." We as humans are aware that we have the freedom to choose but this is a decision made possible by our own free will and freedom. "Bad faith" is the paradoxical free decision to deny to ourselves this inescapable freedom. As humans we are consciously aware of who we are and aware of what we are. However "Bad faith" offers the free decision to deny ourselves of this freedom. Sartre cites a café waiter, whose movements and conversation are a little too keenly. He is eager to please and he carries the food solidly and impressively, "his movement is quick and forward, a little too precise, a little too rapid". His exaggerated behavior demonstrates that he is acting as a waiter, and as though his purpose in life is to simply be a waiter. He is obviously acting that lie and is aware that he is not just a waiter, but is rather consciously deceiving himself as a waiter. Sartre believes that this is "bad faith."...
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...Plate Tectonics General Purpose: To inform Specific Purpose: To inform the audience about the Earth’s plate tectonics. I. Introduction A. Attention getter: Have you ever wondered what is the reason why there are earthquakes on Earth? B. Thesis statement: I know I have because I’m always hearing about earthquakes happening all around the globe. C. Personal Credibility: Well I did some research and I found out a lot of interesting information. D. Audience motivation/reason to listen: I found out that the reason behind it is plate tectonics. Plate tectonics are a big reason for earthquakes and since we all live in California that is very relevant to all of us. E. Preview of main ideas: (list briefly, no details) 1. What are plate tectonics?...
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...think of me as very extraordinary. So I decided to share with the world who I really am. It is amazing that when asked, “who am I” the first thing that comes to mind is “what am I”. So often we define ourselves by the “what’s” (job title, social status, degrees and accolades, etc.) rather than the “who’s” (believer in Jesus Christ, loving mother, dedicated to meeting the needs of friends and love ones). When beginning this assinment the major things that came to mind were the what’s rather than who and what are my worldviews? For me it took a lot of thought and examination to really determine “Who Am I”. This paper will demonstrate who I am from creation, early childhood, teen years, early adulthood, until present and what is the purpose of my life. There are many circumstances surrounding the real JoAnn Burchett-Stewart. I am grateful that God made me a loving, caring, generous, person. I try to treat people the way that I want to be treated. The worldview that I feel is mostly incorporated in my life is...
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