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The Impact of Financial and Strategic Planning .

HS440 Unit 6 Assignment: The Impact of Financial and Strategic Planning .

Unit Outcomes Addressed in this Assignment:

? Describe the key components of a financial plan

? Define financial and strategic planning

? Explain the difference between a simple budget and a flexible budget

? Describe the use of variance analysis in the budget creation process

Course Outcome assessed/addressed in this Assignment:

HS440-5: Explain the methodologies and processes used in preparing budgets for health care organizations.

Gel-6.6: Apply research to the field of study.

Utilizing your textbook and the Kaplan Resource Library:

HS440:Finance For Health Care ASSIGNMENT

? Bayside Memorial Hospital is considering purchasing a new MRI machine.

1. Based on the cash flow analysis on the attached doc. file below would you recommend that the healthcare facility, Bayside Memorial Hospital, purchase an MRI machine?

2. In your analysis please review the following concepts: incremental cash flow, sunk cost, opportunity cost, strategic value, inflation effects. (These are the assignment instructions, allowing students to master the key components of the rubric including :

i. Describe the key components of a financial plan define financial and strategic planning;

ii. explain the difference between a simple budget and a flexible budget;

iii. and describe the use of variance analysis in the budget creation process

Requirements

? Responses to the questions should be written in a clear, detailed manner and observe the conventions of Standard American English (correct grammar, punctuation, etc.).

? Follow APA formatting for the title and reference page, as well as APA formatting within the paper itself (Times New Roman 12-point font and properly double spaced).

? The minimum page limit is 2 pages or 600 words.

? The maximum page limit is 4 pages or 1200 words.

? Information should be summarized in your own words with appropriate APA formatting and citation style of in-text citations in the body of the text to acknowledge the source(s) of information.

? Include at least one reference. The course textbook may count towards the reference requirement for this Assignment. All references will follow APA format.

? Follow the conventions of Standard American English (correct grammar, sentence structure, punctuation, etc.).

? Your work should display superior content, organization, style, and mechanics.

? For additional support, utilize the Kaplan Writing Center and review the document entitled, ?Writing Center Resources,? found in Doc sharing.

Please this assignment should be 1000-1200 words, must be strictly on topic, original, and well detailed contributions to the quality of the discussion by making frequent 3-4 informed scholar references.

Differentiate the strengths and weaknesses associated with various types of healthcare delivery systems in the U.S. from patient, provider, administrator, and third-party payer perspectives.

Although preventative services such as routine well-care visits and immunizations have often shown to be beneficial in terms of preventing future, more expensive, health care encounters, not all insurance plans offer reimbursement for such things. In addition, health care policies have only recently begun to recognize the “worth” of funding prevention-related services.

Why do you believe that funding preventive health care services has taken so long to become a major component of health plans?
What do you think will need to happen to change the prevailing mindset of funding health care services reactively versus proactively from a third-party payer’s and a provider?s? Why?
3. Assignment Objectives
4. Differentiate the strengths and weaknesses associated with various types of healthcare delivery systems in the U.S. from patient, provider, administrator, and third-party payer perspectives.

How can we reduce poverty in the United States?

Select one of the following questions and answer it in 75 to 100 words using the principles of critical thinking you learned in this course:
How can we reduce poverty in the United States?
Will receiving a college degree improve your career opportunities?
Has the United States peaked as a world power?
Reflect in 75 to 100 words on the process of critical thinking you used in forming your response. Include the following in your reflection:
How does the process of critical thinking you used relate to or differ from the process you used to find content for your answer?
How can you use critical thinking in other areas?
What steps can you take to ensure that you continue to use critical thinking in the future?

Yahoo

Yahoo was once a giant in the internet world, experiencing rapid growth and soaring stock prices after being founded in 1994. But currently Yahoo is struggling against fierce competitors such as Google and Facebook. It was clear to their Board of Directors and shareholders that radical change was necessary in order for Yahoo to remain competitive. In 2012 former Google executive Marissa Mayer was named as the new CEO.
Since joining Yahoo, Mayer has not been shy or hesitant about bringing about change. This has included the purchase of over 20 companies, banning teleworking, strict new hiring policies, and clashes with other senior executives and shareholders. The results so far have been mixed, with some observers saying her hard-nosed approach is what is needed for a struggling company like Yahoo and others saying that her style is overbearing and unnecessarily harsh.
Do some research on Marissa Mayer and her approach to managing change. You will find a lot of articles about her as she is frequently in the news. Here are a few articles to get you started:
Yahoo’s geek goddess. (January, 2014). Vanity Fair, 56, 68. [ProQuest]
Quinn, M. (Jan. 22, 2014). Poof. Marissa Mayer’s honeymoon period at Yahoo ends. Oakland Tribune [ProQuest]
Cook, J. (2013, Mar 15). Can a ‘hard reset’ give Yahoo a boost? The Globe and Mail [ProQuest]
After you have reviewed the background materials on managing change and finished your research on Marissa Mayer, write a four- to five-page paper addressing the following issues. Make sure to cite both required background readings such as Avery (2004) or Luthans, et al. (2015) as well as specific articles on Marissa Mayer such as Quinn (2014) or Cook (2013) in your paper:
Overall, how would you describe Marissa Mayer?s approach to leadership? Discuss her leadership style the best you can in terms of being a charismatic leader, a transformational leader, and/or a transactional leader. Draw upon the definitions of these types of leadership from the background readings and discuss them as they apply to Marissa Mayer.
What do you believe are the main benefits and drawbacks of Mayer?s approach to leadership and change?
How do you think Marissa Mayer should change her leadership style?

Assignment Expectations
Follow the assignment instructions closely and follow all steps listed in the instructions
Stay focused on the precise assignment questions, don’t go off on tangents or devote a lot of space to summarizing general background materials
List supporting references and cite sources in proper format
Use appropriate writing style in essay form (organization, grammar, and spelling).
Include both a bibliography and in-text citations. See the Student Guide to Writing a High-Quality Academic Paper, including pages 13-14 on in-text citations. Another resource is the ?Writing Style Guide?, which is found under ?My Resources? in the TLC portal.

Primary Outcomes of Human Resource Management

The two primary outcomes of HR management are recruitment and retention. Through HR planning, managers anticipate the future supply of and demand for employees and the nature of workforce issues, including the retention of employees. These factors are used when recruiting applicants for job openings. Being able to recruit and retain the ?best? employees have been difficult tasks for HR managers. The ?best? employees are not necessarily the most qualified individuals (e.g., the most educated or with the most work experience), rather it is the individuals who provide value to an organization, who complement the organization, who understand and embrace the organization?s mission, and who fit the culture of the organization. This quandary is a result of a number of different variables such as: job satisfaction, organizational commitment, job performance, and motivation. The following figure illustrates the two outcomes of HR management.
Two Main Outcomes of HR
Furthermore, contemporary HR managers also are tasked with assisting with peak performance initiatives because of escalated global demands and competition.
Case Assignment
Drawing on the material in the background readings and doing additional research, please prepare a 3-5 page paper (not including the cover and reference pages) in which you:
Discuss the connection between recruitment and retention.
You will discuss whether you believe it is better to (1) hire hard and manage easy or (2) make up for bad selection with good training.
Discuss strategies for retaining employees.
Assignment Expectations
Your paper will be evaluated on the following points:
Precision: Does the paper address the question(s) or task(s)?
Clarity: Is the writing clear and are the concepts articulated properly? Are responses made through paraphrasing and synthesis of concepts? (Or is there excessive use of quotations?) Are headings included in all papers longer than 2 pages?
Breadth: Is the full breadth of the subject addressed?
Depth: Does the paper address the topic in sufficient depth?
Grammar, spelling, and vocabulary: Is the paper well-written? Are the grammar, spelling, and vocabulary suitable to graduate-level work?
Referencing (citations and references): Does the paper use citations and quotation marks when appropriate?
Critical thinking: Is the subject thought about critically, i.e., accurately, logically, relevantly, and precisely?
Two Primary Outcomes of Human Resource Management

Non-Traditional Performance Strategies
In the 21st century, some HR managers and leaders believe that non-traditional strategies have the potential to enhance engagement, increase productivity, and improve performance levels in many organizations. For example, it is essential to consider the significance of employees receiving the right amount of sleep each night?which has a direct result on job performance. At the most basic level, prolonged sleep deprivation has a negative impact on our health? and that sleep deprivation is the ?equivalent to being legally intoxicated. Many researchers emphasize the value of employees being well-rested as well as the usefulness of taking afternoon naps. What if managers allowed employees to take a nap after their lunch breaks? Sleep is an important contributor to creative problem solving. Could this strategy potentially help boost creativity and performance levels? Perhaps no single daytime renewal behavior more reliably influences performance-and is less common in the workplace-than taking a nap? (Schwartz, et al., 2010, p. 72).
Many researchers understand the correlation between being well-rested and higher performance levels and they also point out the significance of taking time off from work to relax. As a matter of fact, Americans are sleeping less as well as taking less time off from work. ?On average, Americans now fail to use 439 million paid vacations days a year. In 2008, one third of Americans said they intended to take no vacation at all? (Schwartz, et al., 2010, p. 75). In contrast, Europeans continue to enjoy far more vacation time than Americans do, which relates to having a higher quality of work and home life. From an organizational behavior perspective, employees are usually overwhelmed with work and feel that they cannot take any quality time off to relax. The dilemma is that most employees will never feel as if they are all caught up and can truly enjoy a vacation. The long-term implications of always being overwhelmed at work and never taking time off can result in disengagement and counterproductive activities. Organizations need healthy employees who are able to innovate, synergize, and work collectively with their peers.
It is important also to mention that diet influences performance levels. Many organizations are notorious for spending thousands of dollars each month on purchasing unhealthy snacks for employees to encourage them to come to meetings or work extra hours. The fast pace of today?s work world has caused changes in people?s eating patterns as well. Instead of eating meals jointly with family members, friends, and colleagues, many families and individuals have been conditioned to eat in between work or other activities. As a result, many American employees are overweight, lethargic, and have lower performance levels. ?Between 1960 and 2000, the average weight of American men between the ages of twenty-one and twenty-nine jumped from 163 to 191 pounds. During the same period, the average women went from 140 to 164? pounds (Schwartz, et al., 2010, p. 91). Most organizations have several vending machines full of unhealthy snacks available for their employees. ?The staple foods in most vending machines and at most off-sites are candy, cookies, and chips, filled with sugar, salt, and fat. These foods provide a quick and short-lived buzz when people?s energy is flagging, but they take a toll on their health and productivity over time? (Schwartz, et al., 2010, p. 117). Organizations need to pay close attention to the food they offer in their vending machines and cafeterias. Managing stress means managing one?s food intake and having a regular exercise program. Some organizations have devoted significant resources to food and snacks that are offered at work. This non-traditional type of strategic human resource management is commendable and has many benefits for recruiting and retention.
Reference: Schwartz, T., Jones, J., & McCarty, C. (2010). The Way We?re Working Isn?t Working. New York, NY: Free Press. (This book is not required).
SLP Assignment Expectations
Conduct research and figure out what organizations are doing in regards to non-traditional performance strategies. Next, discuss your ideas for using non-traditional strategies in the workforce to help enhance productivity, efficiency, and efficacy levels.
Your paper should be short (2-3 pages, not including the cover sheet, references, and assessment sheet) and to the point. You are expected to deal with these issues in an integrated fashion, rather than treating them as a series of individual questions to be answered one by one and left at that.
You will be particularly assessed on:
Your completion of all the steps in the exercise.
Your ability to synthesize information and present a concise and meaningful paper.
The clarity and quality of your writing.

what is the impact of globalization on HRM in multinational organisation?

what is the impact of globalization on HRM in multinational organisation?

Change-Oriented Leadership: Transformational and Charismatic Leader

For the Module 3 SLP you will again be applying the concepts from the background materials to your own personal experiences. You can write about the same supervisor you wrote about in Modules 1 and 2, or choose a different supervisor that you worked with and got to know well.
Carefully review the concepts and definitions of charismatic, transformational, and transactional leadership. Then write a two- to three-page paper addressing the following issues, using specific examples from your personal experiences. Make sure to cite at least three of the required textbook readings for your answer:
Did your supervisor meet any of the characteristics of a charismatic leader as defined and discussed in the background readings?
Did your supervisor meet any of the characteristics of a transformational leader?
Did your supervisor meet any of the characteristics of a transactional leader?
SLP Assignment Expectations
Follow the assignment instructions closely and follow all steps listed in the instructions
Stay focused on the precise assignment questions, don’t go off on tangents or devote a lot of space to summarizing general background materials
List supporting references and cite sources in proper format
Use appropriate writing style in essay form (organization, grammar, and spelling).
Include both a bibliography and in-text citations. See the Student Guide to Writing a High-Quality Academic Paper, including pages 13-14 on in-text citations. Another resource is the ?Writing Style Guide?, which is found under ?My Resources? in the TLC portal.

Managing Organizational Change

For the Module 4 SLP, think about a major organizational change that occurred in your workplace. Think carefully about the steps taken by management during the change process, and the organizational change processes and concepts that you read about in the background materials. Then write a two- to three-page paper addressing the following issues. Make sure to cite at least two of the required background readings in your paper:
Describe the change that occurred in your workplace. Was the change successful? Was there a lot of employee resistance to this change?
What steps and processes did management take to implement this change? Was it similar to Lewin?s three steps, Kotter?s eight steps, or the five steps used in action research?
In retrospect, do you think the change process would have gone better if management used Lewin?s three steps, Kotter?s eight steps, or the five step approach of action research?
Carefully explain your reasoning for each of your three answers using specific examples from your personal experience and the concepts from the background materials.

SLP Assignment Expectations
Follow the assignment instructions closely and follow all steps listed in the instructions.
Stay focused on the precise assignment questions; do not go off on tangents or devote a lot of space to summarizing general background materials.
List supporting references and cite sources in proper format.
Use appropriate writing style in essay form (organization, grammar, and spelling).
Include both a bibliography and in-text citations. See the Student Guide to Writing a High-Quality Academic Paper , including pages 13-14 on in-text citations.

Employee Training and Career Development

Write a 1,050- to 1,400-word paper addressing the following:
Explain the role of training in an organization’s development.
Describe different employee development methods and their benefits.
Analyze the relationship between employee development and organizational development.
Describe the role of human resource management in career development.
How can your company or your future company assist you with your career development?
Will your company’s career development opportunities be sufficient for your needs?
Format your paper consistent with APA guidelines to include in-text citation.

Team Composition: Evaluating and Managing Team Members Based on Skills and Motivation

You have been recently promoted to lead a new division of Company XYZ. This company is known for its team-oriented atmosphere, and your boss has raved about some of your natural leadership qualities. Your first task is to assemble the best team possible from the potential candidates found below. An explanation of the skills?motivation matrix can be found on p. 39 (attached) in your textbook. Read each description, and provide the following information in a two- to three-page double-spaced document (not including the title and references pages):

1. Classify each team member into one of the four matrix areas.
2. Discuss the recommended action for each employee depending on his/her classification.
3. Distinguish if your role as the leader will be a facilitator, coach, or a combination of the two.
4. Examine which team competencies would benefit from shared leadership.

Employee Relations, Global HR

You know that many factors affect the overall satisfaction of employees. As part of your efforts to continually improve performance and employee satisfaction at your own organization, you decide to learn what other top companies are doing in this area. Consolidate your research into 4-6 pages that can be shared with decision makers at your organization.
Choose one of the Top 100 Best Companies to Work For from this year’s list. Use the library and Internet to research the company and its employee programs.
Describe the employee programs that have helped this organization make the Top 100 list.
Explain how the effectiveness of these programs can be measured.
Explain the measures used to compile the Top 100 rankings.
Describe how a performance management system can lead to positive organizational outcomes.
Include as much specific information as possible to support your ideas.
Cite resources using APA style.