MASTER MINDS - QUALITY EDUCATION BEYOND YOUR IMAGINATION 8. BUDGETARY CONTROL 1. DEFINE THE TERM BUDGET. Definition: Budget is a financial and /or quantitative statement‚ prepared and approved prior to a defined Period of time of the policy to be pursued during that period for the purpose of attaining a given objective. It may include income‚ expenditure and employment of capital. Features: 1. 2. 3. 4. Financial and/or Quantitative Statement. Futuristic prepared and approved prior
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Demonstrate your understanding of the link between management and leadership The two qualities are similar in that both have to work with a team to achieve results. I shall look at a typical leader and a typical manager to show my ideas of leadership and how it differs from management. A manager and a leader can be the same person but I would say that the manager is the less demanding role and a manager may not be as successful as leader. Firstly let us look at the role of the manager.
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Identify and describe three strategies you can use to manage your time. Create a Prioritised to do list. To do this‚ first you must identify the goals or current tasks and list them. Then you must prioritise them on a scale of 1 to …. (1 as the most important)‚ considering urgency and difficulty. Create a work Schedule. This is a list of tasks that have all been allocated a timeframe in which to be completed or contributed to. These schedules can be reviewed and also set out on a daily‚ weekly or
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What is your role as an administrator in creating an operational budget? My role as an administrator in creating an operational budget will be to regulate the clinical and business operations of the facility. Creating a budget will assure that the hospital is running efficiently in compliance with the state regulations and the hospital policies. An operational budget will give me a better understanding of the current situation of the hospital. I will have to create detailed budgets to give me projections
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Total Quality Management (TQM) is a management strategy that puts awareness of quality at the heart of all organizational processes. This is combined with a strong philosophy of lowering costs by eliminating waste and defects. So TQM can be described as a management system that aims at a continual increase in customer satisfaction while continually lowering real costs. The father of TQM was William Deming‚ an American college professor‚ author‚ and consultant. Deming played a major role in improving
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1.1 Attach a copy of your Job Description‚ from the information contained within this; a) Describe the duties and responsibilities within your role as a carer. Principal Duties All aspects of physical care‚ working as part of a team but capable of working unsupervised. 1. Act as key carer to residents‚ ensuring their needs are met. To contribute to a separate file record for each resident and to participate in the formulation and implementation of individual care plans. (This may involve
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What is quality? Quality is a measure of how good and satisfying a product is to the consumer. The ISO standard explains quality as "the totality of features and characteristics of a product or service that bears its ability to satisfy stated or implied needs." Meaning that the quality of a product/service is defined in matter of the features it presents to the customer and the rate of satisfaction it is providing to its user/consumer. The quality depends not only on its features it depends on the
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Question 1 – Kaizen Philosophy Kaizen: Basic Concepts and key practices Kaizen is a Japanese philosophy based on gradual but ongoing and never-ending day-to-day improvement approach in all aspects of an organization‚ not only productivity. Literally Kaizen translates to English as “good change”‚ the true meaning of the word is continuous improvement implemented through positive step-by-step changes. For proper functioning Kaizen requires active participation from everybody at all levels in an organization:
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Im sitting at an outdoor café in Skopje‚ Macedonia‚ having Turkish coffee with my friend‚ Adelina. The coffee is strong and thick‚ has the consistency of mud‚ but it is really sweet. Its late afternoon‚ but I still feel drunk and a little dizzy from all the ouzo and wine we had drank the night before. Its pretty windy but still warm. Every couple of minutes or so‚ a cool breeze hits us from where the river runs through the heart of the city about a block away and fills the area with the smell of
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Henry Ford – The Leadership qualities of one of history’s greatest innovators. Executive summary This paper set out to find out if Henry Ford was a capable leader or just a great innovator who took advantage of a good opportunity? We looked at the leadership traits and style of Henry Ford and found that he was a great leader‚ however if he had to work in today’s business world he would have to adapt to the way modern leaders deal with managing change. The examples we found of Ford’s business
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