Plc Tracking report and End of the semester Review

 

As part of the assignment 1 we have been asked to do a Plc weekly track (how much are the weekly shares of the company, shares of the sector and FTSE 100), graph of it that will be put on the main report where we have to indicate how did it rise and decrease on a certain week. 

 

 This is the tracking report that I have done for 10 weeks. I have calculated each week's index to show how good or bad the performance of the company is. The index is being calculated from the current week divided by the first week the multiply it by 100 to be able to get an accurate figures for the index. For this part of my assignment, I was able to consistently monitor my chosen business. This exercise helps me to practice my memory towards my commitments at college which will be beneficial if I will apply this to my daily life and at work. Be committed to the things that I need to do and maintain a high quality.

I have used the Mulberry's annual report to be able to complete this assignment. It is a big help in using the annual report not only to finish my coursework, also, to extend my knowledge by understanding the information that I am putting on my Plc report. 

This semester has been hectic and has given me a lot of pressure in handing my assignments on time. But despite all, I have learned a lesson; to manage my time efficiently, to be committed to more important thing and most especially extends my knowledge on how business's operates and what strategies they are using to succeed in the industry. Business industry is a very complex world to be in, you need to have a better and deeper understanding towards different areas in it i.e. competitors, target market, Public Relation etc.

Mind Map

This is the link to my mind map website.

Creating a mind map takes quite a lot of time (including putting information for each topic). Therefore I have started doing my mind map at the lesson, where help is available. Putting information on each topic has extended my knowledge towards within any organization such as communication, social responsibility, personal management etc. Why is it important to managers/employer? what's the meaning of it in the company? why is it valued? and how can it be developed?. These made me think of what are the thing I must develop and improve at work and to my future job positions. It is very helpful as it gives you knowledge about managers and employees. I was able to analyze what managers should apply to their company. An example to this is Commitment to quality; every manager/owner must manage their time wisely (do what ever task they need to do early to avoid conflicts when the deadline is nearly there). High quality of work must always be there as this is one of the qualification for customers' satisfaction. 

Regarding that Mind map is part of my assignment, I need to consider; being concise on each note that I put in each topic. This will be more effective by thinking critically than being descriptive. Therefore, I have given examples; relating it to how organizations function.

Group Video for a bad and good team

We have been asked to do a task which we have to prepare for two weeks; create a script and choose a role in the play of what ever topic you have to do. We have been grouped into three therefore Trisha, Patsy and I were asked to do a script for an effect and ineffective team in the business industry. My group members and I decided to make me as the team leader in the play, Patsy as the marketing expert and Tricia as the graphic designer. We have managed to create the script for a little amount of time so that we have time to rehearse and decide what props we are going to use. Creating the script was quite easy for us because everyone in the group were co-operative and shares ideas when we need as we know that 2 is better than one. All of us are aware that we will be able to finish our task easily and quicker if we help each other. The next step we have done is work on the script and make it better whenever we have a time after lesson. On the day of the video recording for the play, we have arrived at the college early to print the script so we have back up whenever we get stuck onto what we have to say. Getting to the college early has given us the chance to practice in a team; so we know what actions are best suitable for each topic from the script e.g. body language.

I was very happy with the outcome of the video as it appeared well prepared, although we have made some mistakes. The most important is; we helped each other, we have worked as a team and we have given our full effort in doing the play. I believe that everything need not to be perfect, we just have to show that we have worked so well to do what needs to be done.

Ministry Of Defence visit

We have had an opportunity to visit the ministry of defence on 8th of March 2012. We have been warmly welcomed by Mr. Andy Gilman (who had previously visited us in the Hammersmith College) together with his professional colleagues that also work in the MOD.It was a fruitful visiting the Ministry of Defence ; I have learned a lot and opened my eyes in the business and media industry. I have seen a busy industry in the MOD where every individual needs to be independent and aware of what's happening world wide; otherwise, they will not survive at work as it will be more difficult for them to keep up at work. This made me realize that I want to be as successful as them and to be able to achieve my goals in life; I will have to work well, finish my studies and explore more (especially business related). When we came inside the building, Mr. Andy noticed that we are a big group of people therefore he divided us in 5 teams for us to understand clearly what their saying instead of having a big group and have our mentor/leader shouting because as we could not hear what their saying. As our leader tour us in the building, I was amazed by their facilities when I saw how people respect each others time very well, their facilities and how modern things are such as the entrance (the machine check whether or not you have anything that can harm anyone or any prohibited things in the building also. There are many historical paintings and facilities of the building where can take you to the past years just by imagining it.

I have discovered that Ministry of Defence one of the very hectic industry that you can work with. Working here qualifies a person to be hard-working, dedicated and knowledgeable about the world. 

Diesel (Case Study)

For this part of the assignment, our tutor has grouped as in three to complete the Diesel Case Study. Doing this,  has extended my knowledge about the company such as what type of pricing they use and explain the advantages and disadvantages of it. This includes the kinds of strategies they use, it also refreshes our mind about the 4 P's, product life cycle, Market Penetration and many other basic things about business that we suppose to know by heart. Answering the questions in the case study has helped me a lot to think critically; it made me realize that in every successful businesses do; there's always an explanation to it. Businesses must have an extensive knowledge towards their target market, competitors and business industry to be able to compete and maintain/improve its current status. They must also have different strategies such as Exclusive and Selective distribution.

It was Trisha, Patsy and I who have been grouped together, completed the case study and uploaded it to our portfolio. It was a successful task because each of us were able to co-operate very well and able to complete it on time. Our tutor has given us a week to finish the case study, therefore, we have had meetings after our lessons and each of us had computers which we can search what ever topic needs be cover.