...Emerging Trends in Healthcare A Journey from Bench to Bedside 17 February 2011 © 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Acknowledgement India’s competitive advantage lies in the lower production and research cost, its large pool of low cost technical and scientifically trained personnel, and large number of compliance certified manufacturers and service providers, which make us different from others. ASSOCHAM feels that technology incubation is no longer confined to a few institutions; it is a responsibility that we have to share, if we wish to see a better and a healthy future ahead. There is an immense need to develop skilled manpower in the area of healthcare and modern as well as traditional medicines. I am glad that this Summit on Emerging trends in Healthcare will bring forth the journey from research desk to the bedside of patient, as we will look at healthcare at the frontline to identify some common challenges that may help explain the complex nature of healthcare and the scale of the “change” challenge. I wish to thank KPMG for unanimously contributing towards this Knowledge Paper, which gives a rich and comprehensive insight of the trend in healthcare. I would also take the opportunity to thank QCI for supporting this event. The case studies contributed providing the best of...
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...I. Introduction Imagine how tiring and tedious it is to analyze business transactions and operations with hundreds of spreadsheet at your desk. You might finish it one to two weeks and find out at the end that you miss something and go again all over the documents. It’s terrible right? In this nature of job, you might be filing a resignation letter a week after because of irritation. Human errors are commonly observed on this. And imagine how long will the company need to wait before a business transactions and operations be summarized for study. With the advancement made in technology almost everything now is in the tip of our fingers. Processing hundreds, thousands or millions of data will no longer take a week but a minute to process for analysis. In this innovation of information technology it give a big impact to society; particularly to business sector that in the past try but now emerge IT to its day to day operation to gain efficiency and better service. As mentioned in the writings of Irmhild van Halen entitled Introduction to Planning and Implementing Information Technology in Small and Growing Businesses, he states that although the introduction of IT has not been a priority for entrepreneurial company in the past, now IT is no longer an option but increasingly sees as a key to the survival of new businesses and critical to the successful growth of entrepreneurial ventures. Information technology is now aligned to most area of the business not only to...
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...Emerging Trends of HRM Dr.Tulika Singh 1. Globalization Growing internationalization of business has a significant impact on HRM .the function of hiring, training, compensation, maintenance and so acquires global perspective. The HR department is acquired to cope with problem s of unfamiliar languages, laws, management styles work ethics etc. globalization acquires new skills &therefore managerial training becomes a critical process. 2. Corporate re-structuring Re-organization resulting from acquisitions, mergers & divestiture has a significant bearing on organizational levels. Employees face anxiety & uncertainty about their places. Changes take place in status, career progress & corporate culture. These mergers & acquisitions are likely to accelerate in future. Internal re-structuring is also gaining momentum as corporate down size & flattens themselves to meet increasing competition from multinationals. As layers get trimmed work load increases & promotional opportunities are reduced. 3. Changing workforce The percentage of women & minorities in workforce is increasing. Steady increase in the no of white collar employees& increasing education level are other demographic changes in workforce. The emergence of dual career couples reduces individual flexibility in accepting assignments& may hinder organizational flexibility in acquiring& developing talent. It is more difficult to manage better educated knowledge work force...
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...are many trends emerging today that will have an impact on our future. No one knows exactly what the future will bring, we as humans are only capable of making predictions. One of the most prominent areas seen affected by emerging trends in the past and present is the healthcare field. Various aspects of healthcare will continue to grow and shape our future including: the nursing workforce, innovative medical technology, etc. As healthcare needs continue rise and the population ages, I believe a shortage in nursing may be imminent based on these subsequent rationales that are discussed. On March 23, 2010 the Patient Protection and Affordable Care Act (ACA) was signed into law. Lanthrop and Hodnicki stated in their article, “It is the most expansive healthcare reform legislation in the United States (US) since the creation of Medicare and Medicaid in 1965” (Lathrop, 2014). The healthcare reform was put into legislation to decrease the number of uninsured Americans by providing accessible, affordable, quality healthcare. In 2011, it was predicted that the number of Americans uninsured would be reduced by more than half when the Act is fully implemented (Rosenbaum, 2011). “The law will result in health insurance coverage for about 94% of the American population, reducing the uninsured by 31 million people” (Rosenbaum, 2011). With the expanded access to health insurance provided by this law, more and more people are now seeking health care. Because of this new trend, the supply...
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...Emerging Trends in Nursing There are many trends emerging today that will have an impact on our future. No one knows exactly what the future will bring, we as humans are only capable of making predictions. One of the most prominent areas seen affected by emerging trends in the past and present is the healthcare field. Various aspects of healthcare will continue to grow and shape our future including: the nursing workforce, innovative medical technology, etc. As healthcare needs continue rise and the population ages, I believe a shortage in nursing may be imminent based on these subsequent rationales that are discussed. On March 23, 2010 the Patient Protection and Affordable Care Act (ACA) was signed into law. Lanthrop and Hodnicki stated in their article, “It is the most expansive healthcare reform legislation in the United States (US) since the creation of Medicare and Medicaid in 1965” (Lathrop, 2014). The healthcare reform was put into legislation to decrease the number of uninsured Americans by providing accessible, affordable, quality healthcare. In 2011, it was predicted that the number of Americans uninsured would be reduced by more than half when the Act is fully implemented (Rosenbaum, 2011). “The law will result in health insurance coverage for about 94% of the American population, reducing the uninsured by 31 million people” (Rosenbaum, 2011). With the expanded access to health insurance provided by this law, more and more people are now seeking health care....
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...Emerging Trends in Electronic Commerce and Internet Marking Emerging Trends in Electronic Commerce and Internet Marking Over the past couple of years, electronic commerce and internet marking has taken huge strides in the average life of an everyday person. In recent years, the number of consumers purchasing items online as taken a heavy rise, it is without a doubt, one of the fastest growing industries. Online shopping has been a booming trend, particularly in the United States, “Americans spent more than $200 billion on online shopping in 2011 and are expected to shell out $327 billion on Internet stores by 2016”. (Indivik, 2013) Internet marketing has a direct effect the billions of dollars that online websites makes. The more advertisements you have on the World Wide Web, the more people are going to stop and visit for sight and probably make a purchase. Since Electronic commerce is a huge thing in recent years, companies have been working to make your online shopping experience better and there are a couple of emerging trends geared towards the improvements of e- commerce and internet marking. Note Adapted from Forrester: U.S. Online Retail Sales to Hit $370 Billion by 2017,” by Lauren Indvik, 2013. One of the trends that probably anybody can predict in the future is using mobile and android apps for transactions. With mobile technology getting more advance year by year and the climbing number of people who can’t stay off their phones, I would have say, and this is...
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...For this week’s emerging trends case study, I decided to write about job rotation. According to the manager’s notebook, there are six different types of ways to rotate job duties between employees: project rotation, partial rotation, cross functional rotation, cross region rotation, temporary rotations, and interdepartmental mentoring (Balkin, Cardy, & Gómez-Mejía, 2012). Many managers and human resources departments decide to use job rotation to give the employees a larger array of work related skills. The most simple way to rotate without changing the entirety of the job is to use project rotation; “ rotating workers across special projects can allow workers to keep their normal day job while stretching their work experience on projects” (Balkin, Cardy, & Gómez-Mejía, 2012). The best way for an employer to give their employees some more flexible experience, is to offer cross functional training; moving employees between business units or functions within the company or organization (Balkin, Cardy, & Gómez-Mejía, 2012). Cross functional training is designed for employees to appreciate everyone’s vital role in the company. Cross region rotation is very similar to cross functional rotation, but it is on a larger scale. Cross region rotation is done between regions or countries, which gives employees an appreciative outlook on different strategies and cultures (Balkin, Cardy, & Gómez-Mejía, 2012). The remaining types of job rotation are a little different than...
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...Future Trends Charmaine Saint Surin OI/466 June 6, 2016 Fred Greifenstein Future Trends According to Webster.com dictionary, a trend is usually known as something undergoing change or is developing into something or going into a general or specific direction. Innovation is about timing, but there is not a theory behind it. It includes processes and new ideas and then they are converted into new useful products. It creates value for customers who pay for it. Disruptive Innovation is an all-out risk taker, creating new markets with more practical approaches towards buyer's purchasing power. What we know is that innovation does not have an end, it's the fact that what we want and what we need continues to change. Innovation is not the goal but everything we do to get to that point. I think collaboration within innovation is an revolving trend. This is the concept of an open source. With the internet age, there are so many people connected worldwide, so there is the fact of collaboration. It creates alternatives for companies who which are smaller to have the ability to remain small and agile. If that is the choice, it also allows those less ended businesses to be a part of the larger agenda in innovation. Innovation is a connected function of communities. It seems like we are all trying to come up with new solutions that capture the technologies we encompass and maybe even working with alternatives reworking those technologies. An example of this is universities...
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...+ Models ORGDYN-404; No. of Pages 9 Organizational Dynamics (2011) xxx, xxx—xxx a v a i l a b l e a t w w w. s c i e n c e d i r e c t . c o m journal homepage: www.elsevier.com/locate/orgdyn Emerging HR management trends in India and the way forward Pawan S. Budhwar, Arup Varma INTRODUCTION Over the last decade or so, India has emerged as a major player on the global economic front. To a great extent, India’s enhanced global economic importance is due to the economic reforms that were initiated in 1991. The reforms have been instrumental in creating tremendous opportunities for businesses, in particular for foreign operators. Bodies like the World Bank predict that if India can sustain its economic growth over the next decade, then it is likely to become one of the leading economies of the world. Needless to say, there are many issues that still need urgent attention — among these, development of infrastructure, control over corruption and bureaucratic red tape, opening-up of key sectors for foreign investments, political and legal reforms, enhancing employable skills in new graduates, control over increasing poverty, internal and external security, and divestments in the public sector, etc. In addition, issues related to the management of human resources have become crucial for India’s sustained economic growth. The liberalization of economic policies calls for a switch from labor intensive to more capital-intensive methods of production, and thus requires organizations...
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...Emerging trends in ob |Organizations have considerably emerged in the field of structure, operation and people in this modern era. Technical advancement has taken | |the place of manual man power. Quality based functioning is preferred than quantity based. Jobs have become instable and insecure for the | |subordinates. They have flat hierarchy and horizontal structure which based on the tasks to be accomplished. There is rapid increase in the | |competition in the market. Cross culture management has emerged which has given a considerable change in the role of sex differentiation. | |Organization has more emphasis on the sound system of training. The new systems demands for more technical issues, feedback, reference | |issues, normative issues, social feedback which helps in building an ability to perform the job efficiently. It has various features as they | |have to work on different legal, political and economic system, face tough competition from multinationals as well as from the local | |industries, need to be flexible, organizational structure is flat, prefer to appoint the people with global view, need to train multi skills | |to the employees, special training in respect of cross culture and socialization, to maintain a balance between the countries to maintain | |good relations for the sake of running effective business in their country. It is very essential to maintain global culture within the | |organizations to have...
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...about different companies and must be done once you get the shortlists from these companies. 6. REMs – This folder contains all the documents used in the Niche placement preparation REMs. 7. Questions asked in summers – This folder contains questions that were asked by different companies in the previous years. We are updating the folder with feedback from as many Tuchhas as possible but it will not contain the entire spectrum of questions and should be used only to identify a trend. 8. Interesting links – This folder contains interesting links that we think are useful for you. We would keep updating the same during the course of your preparation. 9. Newsletters – This folder contains the Niche newsletters and articles that had been mailed to you previously. The division is not strict and simply aims to provide every one of you with a roadmap for preparation. This preparation is in addition to HR preparation that you all are expected to do. In addition, you are expected to know about the latest trends in marketing. In case of any doubt/suggestion or clarification, feel free to reach out to any Niche...
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...Trend Article Analysis University of Phoenix – MGT373 Jennifer Choy August 21, 2011 In this day and age there are millions of trends that are present in almost every industry. In order for an organization to be successful it is essential that they follow some of these trends so that their company appeals to people. This proves to be true for the event planning and convention industries. Two articles that pinpoint a couple different trends are “Nifty gadgets taking special events to a new level” and “ The article “Nifty gadgets taking special events to a new level” is a great example of trends within the planning and convention industries. In the years 2001-2004 these industries saw a huge decline in business. The reason for this was the failing economy. Companies and organizations could no longer fit events and gatherings into the budget. In 2005 event planning companies such as Dolce parties finally started to see an incline in corporate parties and events. However, these parties and events were at a much smaller scale. It was only the important people that were being invited to these gatherings because the budgets were still not back to where they were. Since the comeback of events was at a slow pace, event planners and convention industries decided to introduce some new gadgets to attract clientele. According to Stableford ( 2005)“Beyond the typical post-event surveys and evaluation of how many sales leads actually translate into qualified...
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...Statistics show that only 47% of consumers around the world say they trust paid media. (trendspotting.com) * Servile brands and citysumers are a more established trend as they are wanting something new, this type of consumer lives in a capital/or town where they are usually the first to try out new products and follow the latest trends. * Servile brands let the consumer try it out first, using ‘hands on’ e-tools which allows them to test run products, for example marks and Spencer’s where they allow consumers to try before they buy on the latest nail varnishes. * IKEA has an online application where the consumer can design their own kitchen. (www.ikea.com) * Citysumers capture the essence of the city and its heritage * Established market of consumers as they are within a city latest technology and trends are available there first, outsiders from cities will be delayed. Sub trend: Modern make it and mend * Citizen hacking -using faulty or discarded objects and turning them into functional pieces- economical- cities in debt. Urbanization: * “67% of urban consumers identify themselves with their city, almost as many as the 69% that identify themselves with their nation” (www.trendspotting.com) * Culture is reflected in style of the nation * App culture Future trends: * 2013- * ‘I made that’ :Product customization and combined high tech manufacturing New, networked models of product identification. * ‘Equalized’ - Consumers...
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...when this promotion is going to end either. This information is supported by my findings too. The majority of the men I interviewed did say that they could no longer afford to spend large amounts of money on individual garments. Instead they stressed that before £100+ jeans would not have bothered them, however now they would be looking to spend below this figure. [pic] I felt that it was extremely important that I explored any weaknesses the consumers felt were an issue too. The main problem was that men would like to have some coloured denim within the range rather than just the same denim washes they always have. It was obvious that many consumers felt that there was not a wide enough range in terms of styles that reflects current trends; instead the styles are just subtle changes across their product range. When analysing the primary research,...
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...a noun, “Fashion is a popular trend or the manner of doing something”. As a verb, it says “make into a particular or required form”. To me, fashion is a never ending cycle of various styles that people can express themselves through. It is a movement that allows individuals to show who they really are through clothes. Throughout the past 65 years, fashion evolved so much in so many different ways. I decided to take a look at those ways and to see how fashion has come about to what it is now and how some trends still remain the same until this day as a classic. The 60’s was the year that the television had a huge impact on what people were exposed to, such as fashion trends. It helped the youth stay in touch with what was...
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