Archive for January 18th, 2018

Disscussion Replies

1: In todays business world we must adapt to different cultures and people of all diverse backgrounds. We cannot be rigid in our learning of each other. A companies biggest asset is their workforce and the ability to cultivate relationships with others both internally and externally. We must try to learn of ourselves and our own shortcomings and try to improve with that in order to be more effective in learning of each other. One thing I want to mention is I wonder how the use of social media. FB, texting, twitter etc has possibly eroded those interpersonal skills necessary to learn and get along with each other in the workplace. 

 

2: The idea of having an Organizational behavior to understanding and managing people is the practices of all managers. To have the ability to manage people is listing and being able to motivate people to accomplish a job takes I believe years of training. The listing when a situation arises in the workplace sometimes comes good ideas comes from employees. In order for Organizational behavior to be effective listing and having these skills to influence employees to finish a good product and be able to run a good business. OB is an idea to practice and be able to know what you know to organize your business. 

 

3: Carl, your saying of "do the right thing even when no one is watching" caught my attention. I have two sons, one ten years old and the other one year old. I try very hard to teach my children about the correct way to live life and act when situations present themselves. For the last year me and my ten year old have focused on INTEGRITY. It is just as important that we teach our children, while still in the home, what these expectations are, what the "right" thing to do is, how to act, and how to be the best person they can be…..before they ever enter the workforce. With values such as these, once in the workforce and the Code of Ethics is shared, it will not be such a shock or focus of attention since it was a part of their values and morals. Now-a-days we really need more of this as children are being raised in such a different world than previous generations. 

 

4: Dori I totally agree with you. The employer are looking at many skills of an employee. Leadership and communication in my opinion are the best skills to lead an effective group of employees. I believe these skills need to be practiced upon and refined for a great leader. With that said communication is key. How to approach a problem?How to communicate with certain employees?How to bring certain personalities into one moving part as a cohesive group could be challengin

LESSON 1 ASSESSMENT

LESSON 1 ASSESSMENT

 

1. What is the difference between financial management, managerial accounting, financial accounting, and finance? Briefly describe each of these terms as they relate to the healthcare services industry. What are some sources of healthcare financing and uses of financial resources in the industry?

 

2. The United States spends two to three times as much as other developed countries. Please explain why this happens and what you believe the United States could implement to reverse this spending in the healthcare field.

 

The response to each question should be must be at least 200 words in length in APA format.

 

References:

 

Finkler, S. A., Purtell, R. M., Calabrese, T. D., & Smith, D. L. (2013). Financial management for public, health, and not-for-profit organizations (4th ed.). Upper Saddle River, NJ: Prentice Hall. 

 

Kane, J. (2012). Health costs: How the U.S. compares with other countries. PBS Newshour. Retrieved from http://www.pbs.org/newshour/rundown/health-costs-how-the-us-compares-with-other-countries/ 

FMW2A

1. What are the major sources of financing for the federal government, state governments, the health sector, and the not-for-profit sector?

 

2. How large is total federal, state, and local government spending compared to the U.S. GDP?

 

The response to each question should be must be at least 200 words in length in APA format.

 

Reference

Financial Management for Public Health and Not-for-Profit Organizations (4th edition)

Time Value Of Money

The Time Value of Money—Preparing for Home Ownership

Upon graduating from Argosy University with a degree in Finance, John Simple found a great job as a banking officer with Capital Two Bank in Dallas. Although he and his partner Joan had several college loans that required payments, their goal was to set aside funds for the next five years so that they could get out of the small apartment in Irving, Texas. After reviewing the listings in the areas surrounding DFW and speaking to their bosses about possible transfers, John and Joan decided upon Plano as their desired future location for a home.

Based on house prices they received from a local realtor, they determined that the home they needed currently costs around $178,000 which includes 2% closing costs. To avoid paying Private Mortgage Insurance, John and Joan need to make a down payment of 20%. Since they are saving for the potential purchase, it will be five years before they buy the home. This gives them time to save for the down payment, moving, and furniture costs, which they estimate will be 10% more than the required down payment. They also expect home prices in Plano to continue to increase each year at 2.5% per annum rate as presented by their realtor.

John, being the finance graduate, wanted to adequately prepare for their future purchase and told Joan that he would take all this information and present an overview of how much would be required once their estimated purchase date became a reality. In addition, John would show how much money they needed to save each month in their house investment account at E-Trade, which averages 5% annual return.

Tasks:

Write a 2–3-page paper where you answer the questions above. Make sure you identify the question and then respond showing all calculations using math or Excel functions.

 

  1. What is the estimated purchase      price of the home in 5 years?
  2. How much would need to be      saved for the down payment?
  3. How much would need to be      saved for closing, moving, and furniture costs?
  4. Considering that they have      $10,000 already saved (half of which was provided by Joan’s parents as a      wedding gift), how much money do they need to save each month to reach      their goal? 
  5. Suppose John could change      investment plans at E-Trade and earn an additional 1.5% per annum without      additional risk, how much money do they need to save each month to reach      their goal? How much in investment dollars would they save by increasing      their investment percentage?

DF#5

For this week’s discussion topic, we will focus on a comparison of the traditional business type (brick-and-mortar stores) versus the internet business type (e-commerce). Discuss the pros and cons of these two business types.

    PM DF#5

    Explain why it is important to evaluate non-critical path tasks and deliverables that possess large variances and/or path times that are close to critical in duration. 

      International Strategic Management – SUDZUCKER Company Germany

      -> Resource based view 

      -> Resources & capabilities of the company

      -> porters five forces 

      -> PESTLE and critical success factors (CSF's) of the industry (food processing)

      -> porter's generic strategy

      – > competitive advantage

      – > Internationalization and organization

      -> CAGE framework

      -> strategic change of the company

      – > industry profitabilty

      -> Cultural web of suitability  

      -> porter's value chain 

      -> hofstede's national culture and liability of foreignness 

      HR Management

        

      PLO IL (Information Literacy) Locates, evaluates and applies information, using a variety of research tools, in the analysis of challenges and problems in human resources

      The objective of this assignment is to define, identify and access the research and information needed to analyze and address an HR business management problem or situation.  That will form the foundation of your integration and application of concepts, theories, strategies and tactics into the construction of your summative project.

      Request an interview with an executive level manager or higher professional (a retiree or small business owner is acceptable) in an organization that you will use for your final project.  An executive level person is one who is able to see the larger business situation, beyond simply a functional viewpoint.  If you choose to use a fictitious organization, the person you will interview is someone of a similar organization or competitor.  This is your opportunity to assess the internal and external organizational situation from the viewpoint of a top strategic decision-maker, and begin to develop your HR strategy in response to the organization's needs.

      As you draft your assignment and prepare for the interview recall that you are the new HR vice president for a top company that is forecasting major changes in the organization within the next three years.   The changes may be in response to the market, structural, product mix, expansion or downsizing, reorganization, etc. As a result of these changes, the demands, expectations and workload will be changing significantly.  In being consistent with the organization’s mission, vision and goals, your CEO has asked your HR team to strategically ensure the organization is prepared for the new expectations of employees. This will require the HR vice president to research, strategize, plan and coordinate the people transition.  ensure for the top talent human capital that is required.  While ensuring the talent is hired/downsized/reorganized appropriately, the systems such as training and development (T&D), benefits, and compensation need to be appropriate, while managers need to be prepared for their own changing responsibilities.

      In preparation for interviewing the executive:

      · Research the organization’s background information, in particular its mission, vision and goals.

      · Considering what you initially understand to be the HR challenges facing the organization, strategically design a list of questions to help your planning for the workforce changes to come.

      The interview should be comprised in the following manner:

      · Introductions

      · Why you are conducting this interview and your desired outcomes

      · Interview Questions

      · Follow-up Questions as needed

      · Recap of Responses

      · Conclusion

      · Thank you

      Questions you can use as a guide:

      · What is your current role and some of your key responsibilities?

      · What are the most critical changes you see coming in your business and market in the next three years?

      · What are some of your main challenges in terms of your employees and their management?

      · What are the top characteristics you look for in the talent for your organization?

      · How does the organization, and its hiring and management of talent, correspond with its mission, vision and goals?

      · How do you utilize your HR professionals and function? What do you see as their contribution to the organization’s success?

      Write a 2-3 page paper (APA Format) summarizing the research, strategy and interview.  Describe how you will apply the information you gained from this research in your plans for your organization’s growth.  

      Stereotypes

      QUESTION 1: Compare  needs, values, and motivations for two age groups of workers and how  you would interact with them in a supervisory role. Remember to be  tactful and avoid stereotypes through the use of scholarly research (use  business journals rather than Internet blogs for support). (minimum 300 words, 1 APA reference)

       

      QUESTION 2: As  a service provider working in a hospitality operation, comment on how  you might obtain customer feedback outside the traditional comment  cards? In addition, knowing most customers that have a bad "customer  service" experience are reluctant to provide negative feedback, how  might you make getting customer feedback easier in order to increase  participation? (minimum 250 words)

      Research Paper

      With significant operations around the world, Savannah Engineering, Inspection and Insurance Company (SEIIC) is truly a global company. Its most significant international operations are in the European Union (EU) countries and Asia. Growth in China has been particularly rapid over the last five years. Because of the highly technical nature of its business, SEIIC has had a difficult time getting the people with the right skills in the right places and then keeping their skills up to date. The company has worked hard at identifying and hiring local talent, but the efforts have not been entirely successful. To the extent that it can, it has tried to accommodate local needs in its HRM system. However, it has found it difficult to carry out some of its initiatives because of the different ways of working in different areas. It has been difficult for people who transfer from one area to another to deal with the different HRM policies and procedures.

      As a part of the overall review of HRM operations, the company is interested in identifying key factors that differentiate its global and domestic operations and in understanding how it can develop a more global approach to HRM.

       

      • Summarize key details about the case to date. What are the most important issues affecting SEIIC’s HRM? Your summary should be no more than one to two paragraphs. (Imagine that you are riding down the elevator with SEIIC’s CEO and she asks you to provide a high-level summary of what you’ve discovered so far. You have thirty seconds from the time she gets on the elevator until the time she gets off. What would you say?)

       

      • With a focus primarily on the EU and Asian areas of operations, assess key factors that SEIIC should pay attention to in revising its approach to international HRM. Consider, for example, the cultural, economic system, and legal and labor relations similarities and differences in these areas of operation when compared to domestic (United States) operations.

       

      • Analyze how these differences between EU, Asian, and domestic areas of operation may affect specific HRM activities including recruiting and staffing, training and development, compensation and benefits, performance management, and labor relations.

       

      • Finally, justify how SEIIC should approach implementing HRM around the globe. Should it try to provide essentially a standardized, global HRM system or a highly specialized HRM system that is tailored to each location or region where it operates? What are the advantages and disadvantages of each approach and which would you recommend?

      Must be 7 pages in APA format and cite all sources

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