Roles and Functions Paper By Candice Jenkins HCS/325 University of Phoenix Michele Lardieri November 14‚ 2010 Managers in the health care field have many important roles and functions. As the health care system continues to evolve‚ sound management is critical to the survival of health care institutions (Johnson‚ 2005). Every manger’s main duty is to succeed in helping the organization achieve high performance while utilizing all of the organization’s human and material resources (Lombardi
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Roles and Functions Alana Holiday HCS/325 February 4‚ 2013 E. Milo Roles and Functions In this assignment I will define the roles and application of management functions that are used by today’s health care managers. I will include the following in my paper the four major functions of management in a health care setting‚ how these functions apply to managing others‚ the most important role for a health care manager and leader in the diversified health care industry‚ and the most significant
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HCS 325 Roles and Functions Paper 10/22/12 The four major functions in managing health care accurately are planning‚ organizing‚ leading‚ and controlling. Managing health care is important especially for employees and your place of business (Lombardi).These factors ensure quality service without any rest stops or burdens being an issue. Within the health care field‚ employees usually have trouble with communicating with the higher authority due to issues and lack of time. Planning is important
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There are five different stakeholders of a company compensation system and the human resource department provides them within and outside the companies. They are as follow: Employees‚ line managers‚ executives‚ unions‚ and US government. Stakeholders is performance-based compensation that focuses everyone in an organization on long-term while providing unlimited compensation opportunities for those who make it happen. This will create a strategic planning and compensation in an organization
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When talking about healthcare reform‚ one must always think about the stakeholders. Stakeholders are “people and organizations that have a stake (interest) in what a healthcare organization does and that could affect the healthcare organization” (Olden‚ 2011). There are many different stakeholders in our case study but we will focus on the main ones. In Massachusetts‚ the Massachusetts Health Care Reform Act had a considerable impact on hospitals and the health care system. Most community health
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industrial park on 400-acres of land just outside of San Jose‚ CA 2. Who are the relevant market and non-market stakeholders in this situation? a. Market Stake holders: Cisco employees‚ suppliers‚ customers‚ retailers‚ creditors‚ community b. Non Market stake holders: community‚ activist‚ general public‚ environmentalist 3. What are their interests? Please indicate if each stakeholder is in favor or opposed to the Coyote Valley development project‚ and why? a. Cisco employees – Favor. The plan
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Explain the points of view of different stakeholders seeking to influence the strategic aims and objectives of these two contrasting organisations. I have chosen SportsDirect (PLC) and Lush Cosmetics (Ltd) Sports Direct’s stakeholders’ Point of View Banks – Banks have an interest in the money the business makes as if the business have taken out any loans‚ the bank wants to make sure that they get their money back. Shareholders – Just like banks‚ they have an interest in the amount of profit the
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External stakeholders are those groups outside a business. Definition of external stakeholders is individuals who are not affected by the financial side of a company. External stakeholders of a business can include customers‚ political connections and other businesses in the similar industries. Local residents /community: William King is located in a residential zone with lots of homes nearby. Some of the work is very hot and in the summer‚ it is necessary to have the doors open. At night this
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Activity 3-Stakeholders‚ Categories & Responsibilities of Organizations 1. Describe the basic features that distinguish the four basic forms of business ownership: sole proprietorships‚ general partnerships‚ C corporations‚ and limited liability companies. Ownership of C corporation is represented by shares of the stock‚ or shareholders‚ it is the most common type of the business‚ where ownership to the shareholders offers a limited liability to all its owners. Limited liability companies
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“The primary role of management is to maximize the wealth of the shareholder.” “Financial management should include not only a concern for profit maximization but also for maximization of societal value.” The stakeholder theory defines the main objective of each and every organization. It is to be able to maximize the wealth of the firm by increasing its stock price. By defining the wealth of the firm‚ it is also defining the stockholder who own shares of the company. The parallelism of the stock
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