Create 2 Smart Goals and designing Control Methods/ Editing 2 Assignments
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company_creation.pptxPierini Babies
1
Company Description
Pierini Babies will offer high-quality care to every child that walks in through our doors. We will be a family owned and operated business. Our curriculum and staff will offer families everything they need and fun while learning. Children will be in a safe environment where they will be, nurtured, loved, and encouraged to learn.
Pierini Babies philosophy is to provide children an environment that will develop each child’s self-esteem, provide a positive atmosphere for learning and play with others, encourage interest in creative activities and inspire children to develop a love of learning. Our program will be created to be friendly and accommodating, thus giving each child many opportunities to express themselves and to explore the world through small group and tailored activities.
2
Why Pierini Babies is different?
At Pierini Babies we believe every family should have the chance to be offered high-quality, affordable child care services. We do not believe in “you get what you pay for.” We believe in superior childcare services without breaking the bank for families. We understand child care services are very expensive, and unfortunately not all households can afford it. That is why Pierini Babies has made their rates affordable versus the rates in the 20-mile area. We want children in good hands.
Pierini Babies offers programs for children ranging in age, starting from 8 weeks to 13 years old.
Infants
Toddlers
Pre-Schoolers
Kindergarten
After-School Programs
3
Management function needed to be successful
The most important function of management for Pierini Babies to be successful is Control. Control includes establishing performance standards, which are aligned to the company's objectives. It also encompasses evaluation and reporting of actual work performance. The controlling function aims to examine if the tasks assigned are completed on time and according to the principles set by the department. The controlling function happens after the planning process has been executed and the tasks allotted. Its goal is to see if the results are in agreement with the objectives proposed in the initial plan.
The controlling processes, in comparison with the other four, is a continuous process. All levels of management take a role in this function. The controlling process is also a huge in itself. In the control function management can predict future problems, implement necessary preventive measures, and make policy changes in time. Efficient and productive management leads to success, which is the achievement of objectives and goals that an organization sets for itself.
Why Investors should be interested?
There is a growing need for quality child care. Working parents, including single-parent families and families with both parents working, is increasing. This need is creating a remarkable business opportunity. Pierini Babies has decided to take advantage of this opportunity.
The U.S. Bureau of Labor Statistics foresees that daycare companies will be part of the most rapid employment growth of all industries through 2020. Furthermore, new data from Sageworks suggests, in the U.S. child day care businesses have consistently grown in sales in recent years, even as many other companies struggled in the economic recession and subsequent recovery. Sageworks analyst Libby Bierman has even stated the industry has a healthy net profit margin and fairly consistent sales growth.
Why Investors should be interested cont.?
Pierini Babies will thrive by offering its customers children a safe and protected child care environment and devoted individual attention. The goals of the facility are two-sided; to assure parents feel comfortable about the care their children are receiving and to make it a safe, learning, and enjoyable experience for the children.
Pierini Babies will earn a significant profit through the exceptional care of children. Despite the fact Pierini Babies charges less, the business will see revenue within the first year due to favorable word-of-mouth marketing. The company anticipates its' customers will double every quarter, for the first 24 months
References
https://www.bls.gov/opub/mlr/2012/01/art4full.pdf
http://www.forbes.com/sites/sageworks/2014/06/15/heres-the-growth-chart-on-day-care-businesses/#774db5f06405
https://www.sageworks.com/datareleases.aspx?article=233&title=growth-in-u.s.-day-care-businesses&date=june-19-2014
