Wednesday, October 16, 2019
Business information for Fly Guys about Excel Spreadsheet and Access Assignment
Business information for Fly Guys about Excel Spreadsheet and Access Database - Assignment Example In contrast, the Excel spreadsheets would keep displaying messages about a locked file and this might intimidate the passengers in addition to contributing to time wastage. Thus, Access database application is a better alternative as pertains to the support of the booking operations. Second, Access database uses structured query languages (SQL) to manipulate records. An even more striking aspect of this future is that the end-user can tailor the queries to suit the business needs. For example, it is possible generating reports based on criteria such as passengers involved in half journeys, passengers involved in full journeys and passengers who are most loyal to Fly Guys. On the other hand, Excel spreadsheets lack such fascinating features. Implicit in this is the point that a business which embraces Excel as an information management tool is likely to be restricted with regards to generating reports that can support business goals. So, MS Access database is better placed to meet the custom report generation needs at Fly Guys. Another reason why Fly Guys would need to focus on MS Access to address the custom report needs is its scalability and flexibility. In brief, Access can scale well and communicate seamlessly with nearly all other 21st century relational databases via open database connectivity (ODBC) connections. The only prerequisite for this capability is for the involved database administrator to have a thorough knowledge of the Fly Guys-owned MS Access database file. As Beskeen (2010) puts it, MS Access is a better option when it comes to information storage. In general, the applicationââ¬â¢s capabilities come in handy when a need arises to store information for a more elaborated time. This aspect suits the operation at Fly Guys because the records handled will inevitably rise.
Active Listening at a Parent-Teacher Association Meeting Essay
Active Listening at a Parent-Teacher Association Meeting - Essay Example For this particular meeting, the teacher's table was set off to a side of the room to hold the laptop and projector that would be used for the power point presentation later on. Anticipation built up as to who would be the speaker for the night as the parents and teachers began to trickle into the classroom. There were rumors that the school Principal, Ms Berry would be addressing the parents directly due to the need for financial pledges in the improvement of the private school facilities. I noticed that most of the parents seemed to have been coming in directly from work, some still dressed in their official uniforms or looking haggard as they ran from an office meeting to the PTA conference. I chose to attend this particular event because I knew that the people who would be in attendance would already be distracted by either their exhaustion from a busy day at the office or their desire to get home as soon as possible in order to attend to their household and parental duties. From what I observed of the attitude of the people gathered in that classroom that evening, they wanted to be anywhere but at the school at that very moment. It seemed obvious to anyone observing the group such as myself, that this was one group that was not in the mood to listen to anything the speaker of the night had to say. Once the school principal arrived, it became fairly obvious that the rumors were true and she would be taking to the stand in order to address the parents. Knowing very well that I would have to report about the meeting to my cousin upon her arrival, I began preparing myself to become an effective listener based upon the principles outlined in our book. DeVito clearly outlined the principles of listening within the pages of our textbook.Ã
Tuesday, October 15, 2019
Thomas Malthus Thomas Jefferson Essay Example for Free
Thomas Malthus Thomas Jefferson Essay Thomas Malthus is popular for his Malthusian theory of population where he presents a mathematical perspective to express his ideology about population. To him, the population grows at a geometric rate while the food supply grows at an arithmetic progression and the resultant effect of this is that the population would out do the food supply. Consequently there would be increased rates of starvation and extreme poverty. Although he was aware of technological advancement he did not appreciate the fact that it would have a significant effect on the food production and hence the adverse effects of population growth would not be felt. He argues that the population would be checked by natural calamities like drought, war, famine as well as moral restraint where some people may not get married or others would delay marriage to bear few children. He also cited high infant mortality rates as a means of controlling the population. à Although many dismissed his theory citing it as one full of pessimism, Thomas Jefferson partly supported it. To him, it would best explain the European situation but not the American state. It is actually true the American land was very vast that it would accommodate many people. Population growth would consequently be seen as a means of ensuring that the unoccupied lands were utilized. (Faragher J, 2002). If the Americans worked hard to increase labor effectiveness then the food supply would be adequate for the increasing population. He argued that both the food supply and the population would increase at a geometric progression and hence no cause for alarm. à Thomas Jefferson did not seem to favor industrialization and advocated for increased agriculture. He distinguished Europe and America where he was quick to note that Europe had abundant labor and if it utilized its land to the optimal it would be able to overcome the adverse effects of population growth. (Wood J, 1994). To him, Europe should aim at maximizing its labor potential. He further argued that the European political economy was in a manner that needed to be changed as it was exploitative and to this respect he favored the democratic American population. Population policies did not exist to control the population but natural means favored it. It is important to note that immigrants were excluded but this was not due to economic reasons but due to racial as well as religious reasons. (Wood J, 1994). à He explained how the European population had doubled in a span of 23-24 years which is equivalent to a 3% increase per annum making it necessary to retain the previous reserves as they would be needed by the increasing population. However, for the American case he argues that population growth would be a mechanism of ensuring that vacant lands were occupied. (Wood J, 1994). à à I think that both Malthus and Jefferson had a misconception regarding population growth and food supply. They underrated peopleââ¬â¢s innovation abilities. The theory was based on historical data and consequently a way of explaining historical trends and hence ineffective in explaining future population trends. It is inappropriate to justify the applicability of the theory because Europe population seemed to be increasing in a regular pattern. The linear or rather arithmetic progression of food supply was not based on experimentation but rather on convenient assumptions. (West B and Deering W, 1995). Population does not seem to increase exponentially as they both argued. In fact in the face of industrialization people tend to concentrate more in improving the quality of life rather than the population size. Again, the notion that population growth and food supply being independent on each other is also wrong. Malthusian theory does not bear any truth in todayââ¬â¢s society as peopleââ¬â¢s birth rates have declined. A major advantage of increased physical mobility in the American society is that it ensured the provision of labor in areas where it is demanded and this was vital in the industrialization process. The physical mobility is also vital as it ensures the transfer of technological know how which is very significant in economic growth. à (Bergsten F, 2005). Social evils like crime and prostitution are bound to rise due to increased mobility. The political organization must also be affected as with time some immigrants become permanent citizens and have to air their views which is not necessarily the wish of the natives. Discrimination also emerged especially against the immigrants and this led to the rise of classes. The immigrants recorded lower living standards as compared to the natives. (Bergsten F, 2005). References: John MacK Faragher 2002. Out of Many: A History of the American People, 4th ed. Prentice Hall Publisher. Fred Bergsten. 2005. The United States and the World Economy: Foreign Economic Policy for the immigrants. Peterson Institute Publishers. à Bruce West and William Deering. 1995. The Lure of Modern Science: Fractal Thinking World Scientific Science Publishers. John Cunningham Wood. 1994. Thomas Robert Malthus: Critical Assessments. Routledge Publishers.
Monday, October 14, 2019
Strategies of Infosys Technologies Ltd
Strategies of Infosys Technologies Ltd Strategic management Strategic management defines the art of planning the business to the positive level. It is the duty of the companys leader to make an effective strategic plan. Strategic management focuses on building a solid underlying structure to the business Strategic management relies on three important factors: 1. Businesss objectives? 2. Ways to achieve those objectives? 3. Resources required to achieve those business objectives Strategic management helps in allocating right amount of resources to the different parts of business so that those resources will help achieve the strategic goals. The workers should be provided with necessary training, all information, data and work process are tested. This would help the organisation lead in a successful path, organisation needs are met, the work are aligned together enabling companies to move up in facing to new changes and competition Leadership Peter Drucker: The only definition of a leader is someone who has followers. To gain followers requires influence but doesnt exclude the lack of integrity in achieving this. Indeed, it can be argued that several of the worlds greatest leaders have lacked integrity and have adopted values that would not be shared by many people today. John C Maxwell : leadership is influence nothing more, nothing less. This moves beyond the position defining the leader, to looking at the ability of the leader to influence others both those who would consider themselves followers, and those outside that circle. Leader is one who leads the others, either in right way or the wrong way, that all depends on the leader. Leadership qualities are inbuilt which should be developed, good leadership is easier to practice in an organization. Good leadership requires deep human qualities. In todays world good leaders are made and they act as enabling force in developing people and organization. Leadership qualities help in achieving peoples needs and organisational needs. Effective leadership requires good attitudes and behaviours which relate to humanity. Leadership involves decision making and actions, leaders are one important person because they have unique responsibility towards people and organisation. They should acquire skills and knowledge to perform organisational activities. They should be strong by emotion and behaviour characters this would help in understanding and resolving employee issues The strategic management and leadership are deeply aligned with each others, if both are taken in right path it would lead to organisation success. Today in this competitive world the number 1 companies of all sectors is because of the effective leadership and strategic management. Both these are like eyes of an organisation one cannot survive without the other. For example the worlds richest man Carlos slim is one good example for leadership and good strategic management; he has 90% of the telecom sector in Mexico. He is the leader and he planned in such a way that the organization has grown from a initial stage, step by step it attained gradual growth and now it is well known in the world, there are so many organisation which were very popular and now they do not have an existence; do you think why it happened to those organisation, it is because it could be a change in the leader or could be a poor strategic management. There are occasions where bankrupt organisations rise up in t he market this also happens because of the leader and strategic management. 1.2 1.3 The role of leadership in management is largely determined by the Organizational culture of the company. It said that managers belief, values and assumptions are critical importance to the overall style of leadership that they adopt. There are different leadership style that can be identified Within each of the following management techniques. Autocratic The word Autocratic itself defines self oriented, the leader him self is the decision maker, he dominates his team members, he always uses force to achieve objectives, this type of leadership approach will result to resistance from team members, the team members will find it hard to cooperate with the leader because the leader will have a continual pressure on his team members to get the output. This type of approach is carried by many leaders I the organisation, as far as people has done a research on leadership style and it was said this leadership style is not a good way to get things done, even though it is practices in many places it yields a good result. Lassie faire This leadership style has little or no control on his ream members, it reflects that the leader is no way bothered about the result or the team members, the team member have to perform their roles and duties, they need to tackle upon the difficult situation without the leader, the team members will perform to an extent because they do have little motivation and direction. This kind of leadership style is effective when people are subject matter expertise, highly motivated and skilled people. The leaders will not set any goal for them, they need to create their own and work towards achieving it. Democratic The word democracy defines for the people, by the people and of the people, many countries in the world follow democratic type of rule, similarly organisational Leaders follow democratic leadership style, here leaders make decision by consulting his team members because each one think differently from different perspective, here the leader has possibilities where in he could pick the best choice or upgrade his ideas based on the feedback given by his team members but still he gains control over the team. The team members will decide how the task be completed who will be the right person, here there are possibilities of identifying the strength of each and every Individual, here participation will be one main aspect, team bonding, group work, group discussion and equal delegation of work is possible, team can perform well in this case. Although every thing happens in team the responsibility of the result or output will affect the team leader. Motivation and direction will be an important factor of this leadership style. Today most of the corporate, software and BPO industries in the world follow this kind of leadership style and I believe this as the most successful leadership style. Transactional The leader sets some standards for every individual, the follower or the individual is rated based on the performance standard. This is basically set in every organisation for every department. This leadership style is useful to analyse the performance review and rate the employees Transformational This leadership style creates a change in every individual, it has the ability to inspire and motivate employees to achieve new heights, this style depends only on the leader. This leadership is successful when the leaders decision is right. Charismatic This leadership style creates a positive approach in an environment, the leader is been inspired by the team member, here the leader is considered friendly, easy approachable, the team members will have a great opinion on the leader, the team members would walk with the team leaders opinion. This type of leaders are the most successful in the organisation. They bring change to environment in the organisation and people in the organisation Visionary This leadership style focuses on the future, it is a kind of prediction, and they work on attaining the organisational objectives. They put focus on where they are and what they want to be. They work to attain the future goals. Background of the company Infosys Technologies Ltd. was started in 1981 by 7 people with USD 250. Today, we are a global leader in the next generation of IT and consulting with revenues of US$ 5.7 billion. Infosys defines, designs and delivers technology-enabled business solutions that help Global 2000 companies. Infosys also provides a complete range of services by leveraging our domain and business expertise and strategic alliances leading technology providers. Infosys pioneered the global delivery model (GDM), which emerged as a disruptive force in the industry leading to the rise of offshore outsourcing. The GDM is based on the principle of taking work to the location where the best talent is available, where it makes the best economic sense, with the least amount of acceptable risk. Infosys has a global footprint with 65 offices and 59 development centers in India, China, Australia, the Czech Republic, Poland, the UK, Canada and Japan. Infosys and its subsidiaries have 127,779 employees as on December 31, 2010. Infosys takes pride in building strategic long-term client relationships. Over 97% of revenues come from existing customers (FY 10). This organisation Infosys has different leadership style. They do follow autocratic, democratic, lassie faire, transactional, transformational and visionary leadership styles. Autocratic: There are certain departments in Infosys where in they follow autocratic style. This depends on how the process is to be done. They get instructions from their clients to work on a project, the leader delegates the work to their team members. The team members works on the project and completes it as per the instruction from their leader. Democratic: The IT sector of Infosys has several project, they work on the home page and navigating page of some web pages like Google, twitter etc. here the leader asks for the suggestion from the team members, upon debate and discussion and acceptance from team members and team leader, the project continues. Lassie faire: The team leaders give their deal line to their subordinates to work on the project. If suppose the deadline is a month they do not care for the first 20 days, the 21st day they have a check on the team member, then he cares on the work and at the final stage the work will be completed. Transformational: The team leader delegates work to every individual, a team member may be specialist in programmer, but he delegate the work to other person in the tea and delegate the coding work to the specialist in the programmer, there are possibilities where the team member will learn all sectors of their project, in other part he may get vexed because he is been allotted with some work which he is not related to. Charismatic: We could see several managers in our concern, they have a good understanding about their team members. The leaders know who their members are and what could they do. In similar way the team members understands their leader because the leader would have approached them in a friendly manner apart from leader, the leader inspires them in every aspect so the team member would do anything for them in terms of work.This method of leadership is carried out in every organisation. Even though every employee has dissatisfaction in their job they do it ether they have to do it or for the sake to save their leader from problems. 2.1 2.2 The role of leadership in management is largely determined by the organizational culture of the company. It said that managers belief, values and assumptions are critical importance to the overall style of leadership that they adopt. There are different leadership style that can be identified within each of the following management techniques. Autocratic The word Autocratic itself defines self oriented, the leader him self is the decision maker, he dominates his team members, he always uses force to achieve objectives, this type of leadership approach will result to resistance from team members, the team members will find it hard to cooperate with the leader because the leader will have a continual pressure on his team members to get the output. This type of approach is carried by many leaders I the organisation, as far as people has done a research on leadership style and it was said this leadership style is not a good way to get things done, even though it is practices in many places it yields a good result. Lassie faire This leadership style has little or no control on his ream members, it reflects that the leader is no way bothered about the result or the team members, the team member have to perform their roles and duties, they need to tackle upon the difficult situation without the leader, the team members will perform to an extent because they do have little motivation and direction. This kind of leadership style is effective when people are subject matter expertise, highly motivated and skilled people. The leaders will not set any goal for them, they need to create their own and work towards achieving it. Democratic The word democracy defines for the people, by the people and of the people, many countries in the world follow democratic type of rule, similarly organisational Leaders follow democratic leadership style, here leaders make decision by consulting his team members because each one think differently from different perspective, here the leader has possibilities where in he could pick the best choice or upgrade his ideas based on the feedback given by his team members but still he gains control over the team. The team members will decide how the task be completed who will be the right person, here there are possibilities of identifying the strength of each and every Individual, here participation will be one main aspect, team bonding, group work, group discussion and equal delegation of work is possible, team can perform well in this case. Although every thing happens in team the responsibility of the result or output will affect the team leader. Motivation and direction will be an important factor of this leadership style. Today most of the corporate, software and BPO industries in the world follow this kind of leadership style and I believe this as the most successful leadership style. Transactional The leader sets some standards for every individual, the follower or the individual is rated based on the performance standard. This is basically set in every organisation for every department. This leadership style is useful to analyse the performance review and rate the employees Transformational This leadership style creates a change in every individual, it has the ability to inspire and motivate employees to achieve new heights, this style depends only on the leader. This leadership is successful when the leaders decision is right. Charismatic This leadership style creates a positive approach in an environment, the leader is been inspired by the team member, here the leader is considered friendly, easy approachable, the team members will have a great opinion on the leader, the team members would walk with the team leaders opinion. This type of leaders are the most successful in the organisation. They bring change to environment in the organisation and people in the organisation Visionary This leadership style focuses on the future, it is a kind of prediction, and they work on attaining the organisational objectives. They put focus on where they are and what they want to be. They work to attain the future goals. Background of the company Infosys Technologies Ltd. was started in 1981 by 7 people with USD 250. Today, we are a global leader in the next generation of IT and consulting with revenues of US$ 5.7 billion. Infosys defines, designs and delivers technology-enabled business solutions that help Global 2000 companies. Infosys also provides a complete range of services by leveraging our domain and business expertise and strategic alliances leading technology providers. Infosys pioneered the global delivery model (GDM), which emerged as a disruptive force in the industry leading to the rise of offshore outsourcing. The GDM is based on the principle of taking work to the location where the best talent is available, where it makes the best economic sense, with the least amount of acceptable risk. Infosys has a global footprint with 65 offices and 59 development centers in India, China, Australia, the Czech Republic, Poland, the UK, Canada and Japan. Infosys and its subsidiaries have 127,779 employees as on December 31, 2010. Infosys takes pride in building strategic long-term client relationships. Over 97% of revenues come from existing customers (FY 10). This organisation Infosys has different leadership style. They do follow autocratic, democratic, lassie faire, transactional, transformational and visionary leadership styles. Autocratic: There are certain departments in Infosys where in they follow autocratic style. This depends on how the process is to be done. They get instructions from their clients to work on a project, the leader delegates the work to their team members. The team members works on the project and completes it as per the instruction from their leader. Democratic: The IT sector of Infosys has several project, they work on the home page and navigating page of some web pages like Google, twitter etc. here the leader asks for the suggestion from the team members, upon debate and discussion and acceptance from team members and team leader, the project continues. Lassie faire: The team leaders give their deal line to their subordinates to work on the project. If suppose the deadline is a month they do not care for the first 20 days, the 21st day they have a check on the team member, then he cares on the work and at the final stage the work will be completed. Transformational: The team leader delegates work to every individual, a team member may be specialist in programmer, but he delegate the work to other person in the tea and delegate the coding work to the specialist in the programmer, there are possibilities where the team member will learn all sectors of their project, in other part he may get vexed because he is been allotted with some work which he is not related to. Charismatic: We could see several managers in our concern, they have a good understanding about their team members. The leaders know who their members are and what could they do. In similar way the team members understands their leader because the leader would have approached them in a friendly manner apart from leader, the leader inspires them in every aspect so the team member would do anything for them in terms of work. This method of leadership is carried out in every organisation. Even though every employee has dissatisfaction in their job they do it ether they have to do it or for the sake to save their leader from problems. CONTINGENCY THEORY Every leader has different working style and he is contingent to situational factors, capabilities and behaviour of their team members. This theory provides perspective and management based on the priority, it started with the dependency, depending on the people needs and requirement this concept came into existence, this would give a brief of which material is required and which is not required by the people. So the organisation with the contingency theory can work on the requirement. Task 3 3.1 3.2 Globalisation: Effective management and leadership are two most important factors of an organisation, many organisation fail because of the poor leadership, in this global world two third of employers admit that they have poor leadership development. Today in this global market, a leader with good leadership qualities are welcomed every part of the world, there are some disadvantages because they do not have their own customer base, the customers are worldwide and they have to serve every customers, same way competition plays a major part on the opportunity, relocation of employees also happens because of globalisation, it is the business knowledge, awareness, understanding cultural difference, commitment towards job, personal and professional integrity which makes an individual a good leader. The management recruits or looks for those kind of person in leadership role Ethics and corporation: Leader is also a human like others, the reason being he has developed certain qualities; people rate the behaviours such as performance management and personal management. More over the leader should treat his followers fair with ethics; he has to enhance employee management more than performance management. Treatment of all employees fair and equal, easy approachable, keeps on his commitment, no favourites, supports employees and appreciates when does a good job, supports personal development of employees, ongoing feedback in business. These are the key aspects where in the manager or a leader should possess. Corporate social responsibility Organisational operations are of two types inner circle and outer circle, inner circle is the process that happens within the people and the process i.e the quality of the management, the other one deals with the outer world, in what ways the society and the outer stakeholders look at the organisation, mostly people look at the outer part how has the company done in terms of product and services, how it is been familiar within people based on environment and workforce, its financial analysis and focus on the future. When the organisation grew the people in the organisation should grew with good change in the economic and environment changes to the society, many organisation in this country follow CSR to advertise themselves to the market and would like to get interest in people and stakeholders Merger and acquisition Merger is merging one organisation with the other and acquisition in acquiring or controlling another organisation, this happens to enlarge its business in the global market, quality staffs with good knowledge about the market, when one business is underperforming so to lift up merger or acquisition takes place, to increase the customer base, to make production and provide service, to be one among the competitive organisations of the world. Apart from this there are even certain disadvantages that could take place because of merger and acquisition, things go wrong when nothing happens as expected. 3.3 We are not now as we were 20 years ago, day by day everything changes but we could not realise it now, when we look after years we could see everything has changed, similarly our planet is changing with change in countrys economy, standards, and way of living. Even the organisational structure changes with change in leaders, the leaders should be distinct with their attitudes, they are the one who are going to deceide on the future, their decision affects them as well as their followers, so he should be good in knowledge, personal and professional skills, he shouls be trained in all aspects of the organisation, deision making and problem solving. These attitudes will create a change in the working environment and that would lead the organisation to a successful path. 4.1 4.2 Leaders are the one who leads others, they know more than the followers because they are going to lead them, in order to lead them the leader should be well trained in all aspects, the organisation should provide training through professionals, course that would be useful in implementing it in organisation, seminars and workshop, which can provide some experience for the leaders. Formal learning: Formal learning is usual training that is provided to the leaders in educating them about the specifications, formal training differs as per the persons. Self help Self help is improving from one point to other without the help of others, here we need to understand who we are and what needs to be done in improving ourselves. Development activities Training, courses, job rotation, executive coaching, monitoring, reading article etc are some of the development activities that takes place in every Organisation, the leader should be trained on one or more aspects, if he undergoes such development activities he would attain certain leadership skills, that could be executed in his professional career, he could understand the followers attitude and mentality and help them when required, if possible he could train them with these qualities and make them a future leader. My leader at Infosys was amazing, he understands his team members and cope up with them during hard situations, he undergoes training that are allocated to him by the organisation and training that are done by leading professionals in the market, he wasted to educate him self in all aspects, reading books, browsing through web and listening to speech made by top man in every organisations, he allocates himself in every job shifts giving equal importance to every individual in team and monitoring them. These methods shape in every individual with required development in leadership skills. sdjbsj 1.1 link http://www.teal.org.uk/leadership/definition.htm 1.3 http://www.infosys.com/about/what-we-do/pages/index.aspx
Sunday, October 13, 2019
Philosophy of Education :: Philosophy of Teaching Statement
Philosophy of Education On October 20, 2001 I had the greatest dream. From this dream, I came to the realization that I would become an educator. Iââ¬â¢ve always felt that the hardest decision to make is what to do for the rest of your life. My life was heading on a different road in a completely different direction. After being down this road for nearly three years, I discovered that I was not satisfied with my initial career choice. The road led me to Concord College. My educational plan is to graduate with a Bachelor of Science degree in Education with a concentration in Early Childhood Special Education. I have a six year old daughter and a four year old son, that gave me complete inspiration for deciding on this field of study. Once both of my children are in school I plan to work towards my Masters in Education with a concentration in Reading. While at Concord this semester, I have several courses, outside of education, in which I have incorporated my passion for education. Upon graduation I will substitute teach for the Mercer County School System until I am offered a full-time position or until I begin my graduate studies. I hope to be placed in a preschool or kindergarten class because I feel that this is where it all begins and I want to be a part of their first formal learning experience. I have been placed in seven Mercer County Schools for field placements. I have had positive experiences at all the placements. I have seen how wonderfully a school has embraced an ââ¬Å"openâ⬠school environment and overcame many obstacles that stem from this type of school. I have seen how standardized testing in the school system, puts a great deal of pressure on the teachers to make sure the students know their material well enough to move to the next level. These tests also put pressure on the students to do well. I have experienced how to modify your lessons to fit every student in the classroom.
Saturday, October 12, 2019
Essay --
Budgetary shortfalls have become a part of everyday news and a grim reality for both public and private sectors. Negotiating a win-win scenario for all vested parties sometimes can seem like an insurmountable and daunting task. In order to run a successful municipality, all vested parties must collaborate and be solution based. Transparency plays a huge role in establishing trust, credibility and facilitating an agreeable end result. Every financial organization must create a budget. In simple terms, the budget is a plan that outlines how resources will be utilized during a specific period of time. A balanced budget generally translates into an organization demonstrating financial health and or responsibility, (Kennon, 2014). When the amount of goods or services exceeds the amount of revenue being generated, budgets then need to be revised so that they are in line. This generally means that concessions need to be made by governmental officials, union groups, employe es, constituents or all of the aforementioned stakeholders in the community. Due to a drop in revenue, a slight increase in contracted services and an increase in post employment expenditures for the current fiscal year, the mayor of my jurisdiction has asked all department heads to analyze, revise and submit a budget reflecting a 2% decrease in expenditures for the following year. This will allow for the government to remain solvent without raising the tax rate. As the department head of the public safety division, I oversee the budgets for the police and fire departments. This includes 44 full time police officer, 16 full time fire fighters and 10 part time fire fighters. Total yearly expense for the public safety division is $9,460,000 or 72% o... ... this would reduce the number of calls and offset the expense by 25% or $18,750. Each year the police and fire departments are involved in community outreach efforts. Costs in excess of $31,500 for events like the national fire safety week, national night out, crime stoppers, DARE, personal safety seminars and workshops, etcetera are typically absorbed by the public safety department and provided to the community free of charge. Being strategic as to what educational programs are offered and limiting the events to quarterly rather than monthly would save the jurisdiction approximately $7,000 annually without completely eliminating the programs that the community has come to expect. All told with the strategic approach to budget allocation and the implementation of targeted increases for those who violate the law, the proposed savings is $190,250. Essay -- Budgetary shortfalls have become a part of everyday news and a grim reality for both public and private sectors. Negotiating a win-win scenario for all vested parties sometimes can seem like an insurmountable and daunting task. In order to run a successful municipality, all vested parties must collaborate and be solution based. Transparency plays a huge role in establishing trust, credibility and facilitating an agreeable end result. Every financial organization must create a budget. In simple terms, the budget is a plan that outlines how resources will be utilized during a specific period of time. A balanced budget generally translates into an organization demonstrating financial health and or responsibility, (Kennon, 2014). When the amount of goods or services exceeds the amount of revenue being generated, budgets then need to be revised so that they are in line. This generally means that concessions need to be made by governmental officials, union groups, employe es, constituents or all of the aforementioned stakeholders in the community. Due to a drop in revenue, a slight increase in contracted services and an increase in post employment expenditures for the current fiscal year, the mayor of my jurisdiction has asked all department heads to analyze, revise and submit a budget reflecting a 2% decrease in expenditures for the following year. This will allow for the government to remain solvent without raising the tax rate. As the department head of the public safety division, I oversee the budgets for the police and fire departments. This includes 44 full time police officer, 16 full time fire fighters and 10 part time fire fighters. Total yearly expense for the public safety division is $9,460,000 or 72% o... ... this would reduce the number of calls and offset the expense by 25% or $18,750. Each year the police and fire departments are involved in community outreach efforts. Costs in excess of $31,500 for events like the national fire safety week, national night out, crime stoppers, DARE, personal safety seminars and workshops, etcetera are typically absorbed by the public safety department and provided to the community free of charge. Being strategic as to what educational programs are offered and limiting the events to quarterly rather than monthly would save the jurisdiction approximately $7,000 annually without completely eliminating the programs that the community has come to expect. All told with the strategic approach to budget allocation and the implementation of targeted increases for those who violate the law, the proposed savings is $190,250.
Friday, October 11, 2019
Capital Justification Purchase Essay
This assignment requires justification to the vice president for approval to purchase a major piece of equipment for use in the radiology department of the hospital. My main objective is to provide valuable information to justify the cost as well as provide critical data that substantiates the ROI. Additionally, the report will have detailed information outlining the benefits that will assist in the decision making process and address all concerns and questions relating to the purchase. Lastly, the report will include how beneficial and profitable the technology will be for the hospital. The radiology department is in need of a MRI machine to better provide safer and reliable results for detecting breast cancer. I have done extensive research on the several different types of technological devices and believe that I have come up with the best model. In considering the Siemensââ¬â¢s MAGNETOM Espree-Pink the following six major categories to follow were taken into account to help su bstantiate the purchase:â⬠1) available alternative; available resources; cost data; benefit data; prior performance, and risk projection.â⬠(Cleverely, et al, 2011, pg. 426). Based upon the research conducted, I believe that this model will improve the quality of patient care, help streamline breast exams and detect the disease with greater confidence. Research shows that MRIââ¬â¢s can be helpful in breast care, especially in high-risk women. The MAGNETOM Espree ââ¬âPink offers a unique design and has demonstrated that no other system comes close to offering patient comfort. This state of the art equipment will take us into the future with the latest technological advances. MAGNETOM Espree-Pink combines an open-bore design with the Sentinelle breast coil for Siemens which offers exceptional breast imagining and biopsy capabilities. And, the future is built in, for instance should our needs change over time, we have the option to upgrade the system to a MAGNETOM Espree whole-body scanner ââ¬âwith all the latest advanced applications and renowned technology. This will allow us the capabilities of having the ability to detect cancer inà other ar eas of the body. MAGNETOM Espree-Pink offers the following: Pink Comfort, Pink Workflow and Pink Applications. Pink Comfort can greatly reduce errors due to patient movement, resulting in better image quality. ââ¬Å"The open-bore design offers an exclusive 70 cm inner diameter, providing exceptional comfort. It enables patients to feel more at ease, particularly claustrophobic or obese patients. Pink Workflow provides a dedicated multimodality Workplace that offers standard MRI evaluation, it enhances breast reading and reporting, and it is coupled with syngo BreVis, a computer-aided tool for real-time breast analysis. It is easy-to-use, fast, and reliable. Pink Applications allows for faster imaging, excellent clinical detail, shorter exams ââ¬â all part of the dedicated solution for breast care. With its optimized applications, MAGNETOM Espree-Pink enables you to see more, by improving accuracy and showing more details. These applications enable truly comprehensive breast care, helping to improve diagnostic confidence as well as patient care.â⬠(www.siemens.com/espree-pink) Financial Considerations In the acquiring of the MAGNETOM Espree-Pink there are some financial aspects to be considered. The manufactureââ¬â¢s price of the equipment is listed at $1.5 million and listed are a couple of options that could provide for this capital expenditure. We would like to look at available alternatives to acquiring this equipment: purchasing or leasing. The cost benefits of leasing include the ability to lease for a short period of time with less expense and the ability to upgrade the equipment as technology changes. For example, with a five-year lease of $150,000 per year, we will pay $750,000 over the life of lease. The immediate rate of return may be greater which may reduce the expense of the equipment. For example: The assumption is that the charge per usage is $2000 and numbers are based on number of patients seen per year.# of Patients Cost of Equipment Lease per year Operations Cost Per Incidence Total Expense Profit 750 $150,000 $500 $525,000 $975,000 1000 $150,000 $500 $650,000 $1.35 million 1250 $150,000 $500 $775,000 $1.725 million The cost benefit of purchasing the equipment is that it would be owned outright by the hospital. The ROI may be seen within the first three years. This can be done by purchasing directly or by financing the purchase. We now have to consider the fixed cost of the purchase price per year and its depreciation and interest. Our operation cost per incidence will now remain the same as leasing the equipment. Our number of patients is assumed to be the same as our option for leasing along with our procedure charge of $2000. # of Patients Cost of Equipment Purchase Operations Cost Per Incidence Total Expense Profit 750 $315,000 $500 $690,000 $810,000 1000 $315,000 $500 $815,000 $1.185 million 1250 $315,000 $500 $940,000 $1.560 million In conclusion, the technological advances of MAGNETOM Espree-Pink can provide numerous benefit to the radiology department by enhancing the speed and accuracy of diagnoses, facilitating earlier and more accurate treatment predicating breast cancer and generating additional revenue. The initial cost of purchasing or leasing will be a great expense to the hospital, but the ROI will outweigh the initial cost over a five year period. I believe that the MAGNETOM Espree-Pink will meet the critical needs of the hospital and our community in which we serve. References Cleverley, William, O., Cleverley, James, O., & Song, Paula, H. (2011). Essentials of health care finance ââ¬â 7th ed. MAGNETOM Espree-Pink (http://usa.healthcare.siemens.com/magnetic-resonance-imaging/0- 35-to-1-5tmri-scanner/magnetom-espree-pink)
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