Archive for month: August, 2020

If you have you been involved with a company doing a redesign of business processes, discuss what went right during the redesign and what went wrong from your perspective. Additionally, provide a discussion on what could have been done better to minimize the risk of failure. If you have not yet been involved with a business process redesign, research a company that has recently completed one and discuss what went wrong, what went right, and how the company could have done a better job minimizing the risk of failure.

Your paper should meet the following requirements:

Be approximately 4-6 pages in length, not including the required cover page and reference page.

Follow APA6 guidelines. Your paper should include an introduction, a body with fully developed content, and a conclusion.

at least two scholarly journal articles to support your positions, claims,and observations.

Be clearly and well-written, concise, and logical, using excellent grammar and style techniques. You are being graded in part on the quality of your writing.

Instructions

This operating budget proposal assignment consists of two parts.

Part 1

Use the Sample Operating Budget template located in the Resources to complete this assignment.

• The information represents the clinic’s operating budget for 2018 and 2019.
• You will fill in the 2020 column.
  • Remember to account for the new billing software and MRI machine in your proposed numbers. Also keep in mind those costs beyond the purchase price, such as staff training, staff additions, and maintenance. You may find it helpful to refer to the cost-benefit analysis assignment you completed in Unit 6.
• You may insert your 2020 proposed budget numbers as a table into your operating budget proposal.
• Alternatively, you may attach the sample operating budget separately in the assignment submission area.

Part 2

Based on your 2020 proposed budget, write a 4–5-page, double-spaced operating budget proposal that explains and justifies your proposed numbers. Include all of the following headings and address all of the bullets underneath each heading:

Explanation of 2020 Budget Numbers

• What are the highlights of the proposed 2020 budget numbers that you want the clinic’s senior leaders to be aware of?
• What areas of concern do you want to bring to senior leaders’ attention?
• What assumptions did you make as you prepared these numbers?
  • Note: Be sure to consider the environmental forces that are likely to affect the 2020 budget. Consider such environmental forces as: compliance changes, changes in insurance claims processing, changes in laws and regulations, and so on.
• What variances exist between the 2020 proposed numbers and the 2018 and 2019 numbers?
  • Note: If you plan to insert the 2020 numbers as a table into your proposal, insert them here. Otherwise, you may include them as a separate attachment.

Proposed 2020 Budget’s Alignment With Target Profit Margins

• How closely does this budget align with the clinic’s target profit margins?
• What variances, if any, require explanation?

Financial Performance Tracking

• How will you evaluate financial performance?
• What measures will you use to track actual financial performance against projected financial performance over the next year?
• How frequently will you report on financial performance?
• How will you communicate financial performance to the clinic’s senior leaders?

Addendum: 10% Budget Reductions

As you are putting the finishing touches on your operating budget proposal, your boss stops by your desk. You have been keeping her informed about the information included in the proposal. She indicates that the 2019 financials are falling 10% short of projections. As a result, she has asked you to add a final section to your proposal labeled Addendum: 10% Budget Reductions. She informs you that you don’t have to recalculate the numbers, but she wants you to develop a strategy to reduce the overall budget by 10%. In the narrative, she asks you to explain how you would approach such a request from senior leaders:

• Would you reduce each line item by 10%? Why is this the best approach? Also, how do you intend to handle fixed costs with this approach?
• Would you select specific line items to reduce by 10%? Why is this the best approach? If so, how would you pinpoint which line items to reduce?
• Would you put a freeze on all hiring, training, travel, and purchasing? Why is this the best approach?

Be sure to include references to at least two scholarly and/or authoritative sources in your operating budget proposal. Follow APA guidelines for in-text citations and references. Your final submission needs to include Parts 1 and 2. You may insert Part 1 as a table into Part 2, or you may include Part 1 as a separate attachment.

Submission Requirements

Part 1

• Format: Use the Sample Operating Budget template provided in the Resources to complete the 2020 column. Insert your 2020 proposed budget numbers as a table into your operating budget proposal (Part 2), or you may submit it separately in the assignment submission area.

Part 2

• Written communication: Be sure that the narrative portion of your operating budget proposal is clear, logical, and succinct. It also needs to be free of errors that detract from the overall message.
• Length: 4–5 typed double-spaced content pages, not including the title and reference pages.
• Font and font size: Use Times New Roman, 12-point type.
• Title page: Include a title page in APA format as part of your operating budget proposal.
• Citations and references: Include references to a minimum of two current scholarly and/or authoritative sources. Current means no more than five years old.
• APA format: Use APA format for the title page, proposal, citations, and references. For an APA refresher, consult the APA Style and Format page on Campus.
• Scoring Guide: Review this assignment’s scoring guide so that you understand how your instructor is going to evaluate your work.

Note: Your instructor may also use the Writing Feedback Tool to provide feedback on your writing. In the tool, click the linked resources for helpful writing information.

Resources

• Operating Budget Proposal Scoring Guide.
• Sample Operating Budget [XLSX].
• APA Style and Format.
• Writing Feedback Tool.

Toggle Drawer

[u09d1] Unit 9 Discussion 1

Budget Types

Explain at least two different types of budgets (operating, capital, revenue, et cetera) health care organizations use. Why is each budget important to the organization, and which stakeholders would be interested in each?

Discussion Guidelines

Discussion posts should address the question, be succinct, be substantive, provide new insight, and incorporate scholarly literature.

Response Guidelines

Provide substantive comments to your peers according to the Faculty Expectations Message discussion response guidelines, comparing their perspectives to yours. Ask questions to better understand their perspectives and expand the discussion.

Resources

Topic: Circuit City

Description:

Circuit City was an American consumer electronics company founded by Samuel Wurtzel in 1949. By 1990s, Circuit City became the second largest consumer electronics store in the United States with annual sales of $12 billion. On March 8 2009, Circuit City shutdown all its stores. On January 8th at the 2018 Consumer Electronics Show in Las Vegas, Circuit City CEO announced a comeback and relaunch of Circuit City into “a dynamic, a social-focused e-commerce site” and a new business strategy for its retail stores.

Assume that Circuit City hired you as the new chief information officer (CIO) to help relaunch the company into a global e-commerce multinational company. Create a PowerPoint presentation containing the IT strategic plan that will address Circuit City e-commerce initiatives.

Question: Discuss how IT can leverage innovative technologies such as social media, big data and business intelligence to provide value to the business.

Instructions:

Need minimum 500 words

Introduction 100 words

Body 300 words

Conclusion 100 words

Need minimum 3 APA Peer Reviewed APA references

No Plagiarism please

Covering Events

In the current environment, we are not able to “cover” events as a result of social distancing and the fact that many events have been cancelled. However, there is benefit to planning to cover events when these take place.

Prepare a response of no more than one page to today’s material about the importance of covering events. Include the following in your response:

• What is the benefit to “covering” an event rather than relying on someone else’s notes?
• How can your organization use events to invite coverage from other media sources, including the general news media? What is the benefit to doing this?
• What are some important things to remember when covering events for your own organization and then reporting them back into your newsletter. (Think about the value of on-site comments, pictures, etc.)

Use professional grammar and writing style to share this information.