Therefore, the organization will have to appeal to other companies by offering lower prices, higher quality product, better transportation cost, and a design to appeal to its consumers. The functional strategy the company will use allows the organization to take advantage of and maximize the use of various resources. Many companies are looking toward cheaper labor, Riordan has set its focus on acquiring a workforce with exceptional skill and a high quality work ethic. The company realizes it is more cost-effective and more efficient to hire knowledgeable employees with the drive to perform jobs at the highest level possible (Gallos, 2003). Riordan will pay higher salaries to employees with high-level skillset to attract and maintain employees with these skills.
New York, NY 2012. 339. Print Crystal, David. “2b or Not 2b.” They say/I Say: the moves that matter in academic writing: with readings/. Gerald Graff, Cathy Birkenstein, Russel Durst.
To assure that the process is going at the time allotted, while staying on budget, and should be able to deal with factors that may cause failure in the project (2004). The primary functions of the committee is to plan, organize, coordinate, and manage all aspects of the acquisition process. When appointing a project manager one would need to look at an individual that has strong communication skills, organizational skills, and leadership abilities. The manager can be a physician partner, or in larger or in larger organizations, such as hospitals it would fall on the Chief information Officer. Regardless the manager should be interested in bringing this system to the organization, without the interest he or she may not be willing to put in the time, the strong interpersonal and communication skills (University of Phoenix, 2009).
The recommendation that I believe would do the most good toward getting more URMs into the medical field would be the one that addresses the costs and financing of health professions education. This recommendation involves the reexamination of costs and financing of health professions training with an emphasis on the reduction or elimination of many health care field training costs for those that have low-incomes or are members of a URM. First off I think that all of the other recommendations are great and would defiantly help, but when it comes right down to it our world revolves around the almighty dollar. We can do everything in the world, even beg minority’s to get into the health care field, but they won’t be able to do it if they can’t afford the education. So, making changes in costs and financing would go a long way toward removing the financial obstacle, that way the other recommendations have a much better chance of being successful.
A merger would best be used in this situation since it will help lower his taxable income and he can improve his operations and competitiveness. If he feels that the investment in new manufacturing equipment will help increase profits and can take on the extra liability, then he should buy Smithon. His debt –to-equity ratio will rise and may cause him to have a hard time getting money to finance his company. But with a two year loss he is keeping his taxable income down and may be able to show investors that things are going to turn around when all operations are working together and
So the return to the company will be lower as well. This is the better chose of the two plans with the health condition of the employees. The health plan is going to cost more but you pay for better services. It is like the saying “you pay for what you get”, such as if you pay a lower premium than you will have certain network of hospitals, physicians, and treatment centers that may not have the same results of paying more money and receiving better service. The Castor Enhanced plan can be overhaul to fit the need of the employees.
The plan must address who is to perform specific duties during the recovery period. These people must be selected very carefully, alternates identified, and plans should be documented to train and test those individuals in the performance of their duties. * Review and update the current contingency plan for the hospital to ensure that it is flexible in order to respond to any type of internal or external disaster including nuclear, biological, and chemical terrorist threats. Update the current contingency plan to ensure that it outlines a chain of task delegation and communication to be activated by the upper level medical services supervisor on-site following notification from the administrator on call that emergency procedures are to be implemented (see Table A). * Conduct a business impact analysis to identify and prioritize critical systems, business processes, and components.
ETHICS CASE STUDY BRANDI M C UNIVERSITY OF PHOENIX In healthcare many things go off of ethics, every healthcare worker has to understand that. In this case study Jerry Mccall has to decide whether to call in a medication refill without consulting the doctor first. Many things need to be considered like legal consequences, patient complications, consequences for Dr. Williams. All of these could have grave consequences for Jerry. In this case study Jerry Mccall takes a call asking for a prescription refill, the person requesting the refill isn’t a normal patient of Dr. Williams he states he is a close friend.
Strategy Assignment Kudler Fine Foods has been through major changes, in which the changes have created advantages for the organization. Companies use information technologies and develop strategies and tactics to help them grow, lower cost, maintain a strategic and competitive advantage. Kudler Fine Foods have properly used the technology available to the company so that it will be beneficial to their growth and overall success. This paper will identify how technology has created business opportunities for Kudler Fine Foods. In addition, this paper will identify the generic strategy Kudler Fine Foods is pursuing, and based upon the generic strategy, this paper will identify some tactics the company should implement to realize the generic
The higher the ratio the more assurance exists that the retirement of current liabilities can be made. The current ratio measures the margin of safety available to cover any possible shrinkage in the value of current assets. Normally a ratio of 2 to 1 (2.0) or better is considered good. Short-term creditors prefer a high current ratio since it reduces their risk. Shareholders may prefer a lower current ratio so that more of the firm's assets are working to grow the business.