university of phoenix | Developing Good Business Sense | BUS/210 | | Tiffini Hunter | 6/30/2013 |
Resources: Ch. 12 of Introduction to Business. Read the Developing Good Business Sense activity on p. 394 of the text. Answer Questions 1–4 from the activity in a 700- to 1,050-word paper in APA format. Post your paper as an attachment. |
The operations of a company consist of three stages. These stages are simple: the input, the operations, and the output stages. The process of the input stage includes raw materials, components, labor and customers. The operations process involves the skills, knowledge, machines, and experts needed to operate the company. As far as the output stage, this involves what we physically use
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Making sure that all food is sanitary and delivered quickly.
The third company that was observed is St. Joseph’s Hospital. This is a hospital that specializes in critical care and emergencies. The operations of this hospital is crucial because it is not only service, but it holds people’s lives at stake. The input of the hospital would be having ownership of the supplies and relationships with suppliers. This way when it comes to operations stage, the best and most updated equipment is ready for use and can provide the best service possible. Between these two stages, the best and most skilled doctors, nurses, and staff are hired in order to ensure safety and health. As far as the output stage of St. Joseph’s Hospital, the services provided are high-quality service and safety.
As we look at these companies, we can see that a lot goes into operations behind the service and goods we receive as consumers. The way a company designs its operating system is crucial for success. The input, operations, and output are only a part of what is contributed. It is the materials management, the flow of how things are ran that really makes or breaks the backbone of a business. The way the systems are designed will give one company an advantage over another. Using materials management effectively and really going into detail about research will give a company more of an advantage than another. It will help a business increase its productivity, innovation,
Nickels, W., McHugh, J., & McHugh, S. (2013). Understanding Business. (10th ed.) New York: McGraw Hill/Irwin.
All organizations produce goods or services through the transformation process. Simply stated, every organization has an operations system that creates value by transforming inputs into finished goods and services outputs. For manufacturers, the products are obvious: cars, cell phones, or food products. After all, manufacturing organizations produce physical goods. It’s easy to see the operations management (transformation) process at work in these types of organizations because
Successful firms capitalize on economies of scale & scope, create management structures and invest in research & development
In the healthcare industry, services provided by the healthcare staff are converted mainly by the inputs such as: Doctors, nurses, hospitals, medical supplies, equipment and laboratories. The processing involved in the healthcare industry includes: examination, surgery, monitoring, medication, and therapy. The output of the mentioned process would of course be healthy patients (Operations Management, 2004, p.6). Healthcare workers have a higher degree of customer contacts, for the customers are our patients that we provide comprehensive care to. Services, such as providing healthcare have a variable amount of inputs for a specific case. For instance, a critical care patient may need several nurses that need to attend to all of the needs for that patients, whereas, a telemetry patient may only need one nurse to provide care for. The measurement of productivity in healthcare services is also more difficult than the manufacturing of goods. In healthcare, it is rather difficult to measure the productivity of healthcare providers because healthcare is not quantitative. Less inventory is needed on hand in providing services (Operations Management, 2004, p.6 & 7). The scope of operations management in healthcare requires several different activities performed. Forecasting in healthcare may include ordering sufficient amounts of flu vaccines half a year ahead of time
Main goals as a health care organization to optimize but also to achieve the flow of products and service with limited resources. First step is finding a local vendor for supply chain. The local vendor of choice is McKesson, they operated and have local warehouse but are a large supply chain organization that has a large online present with maintaining and providing medical supplies. They provide services with software offer by their organization. In which the operations strategy for the organization is to develop high quality invoice tracking and ordering system with using the McKesson’s software. All equipment and distribution of supply is to be maintained by supply staff with using the system to track orders, placing orders and obtain invoices from inside the EMS Station. Marketing team would have to build a strong relationship with the local McKesson warehouse staff and local hospital home medical oxygen supplier, by promoting and build an effective teamwork with them to maintain quality supply management. For follow up services, Operational manager must check on supply staffs on how well they are keeping and maintaining all equipment, and supplies for all trucks, find innovative ways to make improvement with orders, invoices and maintaining supplies to meet the needs of each ambulance on the streets
Currently, the clinic provides medical services to the local businesses. These services include physical examination and treatment of the staff who work in these businesses. In order to determine whether clinic is the best option, it is important to analyze the financial records to determine its feasibility. Word Count: 71
The performance of each company is different from time to time based on their two different international strategies. Philips, for instance, showed poor struggles between national organizations and product divisions since there was no centralized decision –making terminal. In the end, the national organizations held the power because they were in control of the assets. Being in control of assets, the national organizations had more influence on the management team. Also the lack of clarity between the two’s responsibilities did not allow Philips to function effectively as a whole. They did have one thing going for them though. Philips was able adapt to changing markets based on their localization strategy. They
The SickKids Hospital is mainly aimed at maintaining a suitable and financial status. The graphs provided above provide a suitable outlook of the hospital’s main source of revenue, available assets, and the specific areas as well as percentage of funds invested in children’s health. The main sources of revenue as presented in the pie chart include events, corporate partnerships, direct marketing, individual giving, net lottery, and parking fees. With the funds collected, a great percentage of the investment is directed towards child care, research, education, national and international relations. Through profitability generated from the performance, SickKids Hospital invests the remaining section of its funds to asset acquisition.
All surplus made in this organization is used in maintaining the company by upgrading them up to date such as purchasing the most contemporary equipment, preserving the facilities, buying most recent technologies, get more physician services, widening current physician services, after all these, whatever money is left goes to the charities. The medical screening only (MSO) of Banner Health is only meant to exclude life frightening situations. This procedure is followed by a discussion of financial services that notifies the patients of the copays needed by their insurance companies before moving to a comprehensive care at the emergency departments. "Banner healthy has come up with organizational efforts of approaching health care quality and safety, reduction of patient errors, and patients’ contentments while continuously rolling its operating cost" (Kirkman-Liff, 2004). In the facility that I work, the managers and leaders always try to come up in a more comprehensive and productive ways to help the nurses in providing quality care to all our patients and at the same time make profit because it is a profit oriented organization. The latest trend of care is rendered to make them happy and attract more customers.
1) Upon the story presented, necessary actions should be taken to overcome the hospital’s problems. St. Mary’s Hospital last year’s numbers showed the necessity of such actions. For the first time, since the hospital started operating, they presented deficit on its revenue. St. Mary’s hospital had some major problems in a few departments. During the last few years, the occupancy, or the number of patients in the hospital, has been declining. Such problem is explained by changes made to reimbursement policies, a larger emphasis on outpatient services, and an increase in local competition. Another major problem the hospital faces is the performance appraisal system. It seems inadequate for the system in
The welcome signage on the hospital’s main entrance wall “We care for you” was the first thing the patient noticed as she entered the hospital. Though the patient was disappointed with the down for maintenance web page, the photographs of the hospital on the Practo web page met the patient’s expectations in reality. The interiors reflected a clean, glossy flooring, and a well-lighted ceiling. Therefore, the hospital was able to draw the patient’s attention through ambiance. When the doctor was about to examine the patient’s nose, he immediately disposed off the used nasal endoscopy tip. The surgeon gained the patient’s trust by doing so. The patient felt satisfied on using the restroom; the hospital reached patient’s expectations concerning cleanliness.
This paper is going to analyze Persante Health Care’s strengths, weaknesses, opportunities, and threats. It is going to explain where the company stands. The company’s strengths are the new equipment it has recently installed throughout its office, the new systems they are integrating its work into, and a newer upper management. The weaknesses are lack of communication, language barriers, and budget. The
these companies have achieve and gone where no man has gone before. In this case
Operations processes refers to the acquisition of inputs which are transformed in a business through the addition of value into outputs of goods and services. Businesses use operational processes involving inputs and transformation processes to increase efficiency and output. The operations management focuses on carefully and managing processes to produce and distribute products and services based on the nature of the business. To achieve objectives in a business, the quality of products are monitored regularly using customer services and warranties. Both Qantas and McDonalds, utilise operation process in order to gain maximum efficiency and productivity.
The financial statement analysis of Doctors Hospital raises hopes and concerns regarding the financial performance and financial situation of the hospital. A rise in net assets and drop in liabilities will support the financial base of the hospital. Profits from short-term I nvestments should maintain this base, and improve the total assets. There is a concern in regards to cash flow and net income. There is a large reduction in cash flow of $2,222,000, which means there might be a shortage in cash flow to continue the project or purchase capital equipment. The organization should have to find solutions like to borrow from banks, spreading payments in future, etc. to manage the shortage of cash flow (Finkler et al., 2013). Another area