...Analyzing Managerial Decisions: Interwest Healthcare Corp. Patrick Britz Managerial Economics, MBA 540 Dr. James Larriviere March 10, 2013 Q1. What are the potential sources of the problem? R1. The main potential source of the problem appears to be a lack of communication of the expectations from upper management to the hospital administrators who enter data into to the management information system (MIS). Per Brickley, Smith and Zimmerman, it is critical for managers to understand what motivates individuals. Without providing the staff with clear expectations, it is impossible for the managers to understand how to motivate them to accomplish the objectives. Another problem seems to be that upper management and the administrators have different views of the importance of correct data entry into the MIS. Upper management sees it as providing misleading information to the federal government, which could lead to a loss of grant aid, while the administrators feel that taking the time to ensure accurate data entry into the MIS takes away from the services they provide to patients. Q2. What information would you want to analyze? R2. The first area that should be analyzed is the MIS itself and whether it is too cumbersome or confusing for the administrators to input data accurately. Assuming the MIS is performing as expected, the various models of behavior (e.g. happy-is-productive, good- citizen) should be analyzed to determine the best way to motivate the...
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...Chapter 3: Case Assignment Saint Leo University Mark Pate July 6, 2014 The impact of the deprivatization of Russia in the late 1990’s had a tremendous impact on investment by managers of privatized firms. What Russia had done to private buyers of foreign companies is make a private market public. This means many different things to Russia and the companies that it deprivatized. The first thing is that when you deprivatize a company you lose company goals or missions. The loss of planned managerial objectives and strategic efficiency will be lost with local state run companies. Local managers are only going to do as the regulations require and nothing more. These companies that were privatized and then deprivatized by Russia for any slight wrong in paper work. This allowed the local Russian people to invest their time and money into these now local businesses that were taken over by Russian government. With the initial deprivatization of Russia, managers were very hesitant to make decisions on investments. Russia made it very difficult for privatized companies to exist without local interest. Anyone could report a privatized company for any little violation of state. Again this would lose the company managerial objectives and strategic efficiency. The effects of deprivatization on foreign investment in Russia could be detrimental to investors. Investors have watched oil companies like Sidanko, who was a foreign private firm deprivatization in Russia. The Sidanko assets...
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...Chapter 2 Case Assignment Analyzing Managerial Decisions: Interwest Healthcare Corp. MBA 540- Managerial Economics Chapter 2 Case Assignment After reading and understanding the scenario at hand and the issue that Interwest Healthcare is experiencing. There is a serious need for a consultant to come in and further analyze the problem and make improvement recommendations. A potential source of the issue is stemming from the lack of information to the direct employees who are inputting the information straight into the system. The hospital administrators need to monitor the employee’s direct collation to the data they are inputting into the system is in fact correct. Possibly the lack of communication resulting from the hospital administrators is an acknowledgement that the employees know of the importance of the correct data input, when in fact they are not aware of the importance and how much the organization is reliant on the information for funding and reporting. One of the biggest issues facing employee and employer relationships is the lack of communication. According to Joseph (2013), “failure to communicate effectively often leads to conflict, which can harm an organization.” If the problem is not correct by the hospital administrators, Vijay Singh may need to go the individual hospitals and have meetings directly with the individuals inputting the information. This is a means of stressing the importance and also for...
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...Lisette Negron Chapter 2: Analyzing Managerial Decisions: Interwest healthcare Corp. Instructor: Dr. James Larriviere Saint Leo University 5 July 2015 (1) What are the potential sources of the problem? As a consultant, I would evaluate my resources, the staff and the means of communication available for Interwest Healthcare Corp. I would highlight to all the administrators that in order to accomplish what needs to be done in order to continue receiving federal aid and provide the maximum support to our patients we need to communicate lot better, which is the main source of the problem. There are other sources such as training and hiring the right staff to the job description. (2) What information would you want to analyze? I would analyze the management information system and how most staff members are using it. The problem may be that various departments are using different techniques and procedures in reporting information to management. This is causing discrepancies in the database. (3) What actions might you recommend to increase the accuracy of the data entry? I would recommend training and regulations in using the system. I would also address the importance of accurate information reported. The system is used to compile reports that are required by the federal government under various grant programs; therefore, every single employee needs to remember that this is a non-profit organization and in order to operate successfully, we need the funding...
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...Analyzing Managerial Decisions: Interwest Healthcare Corp. Curtis Douglas March 10, 2013 Interwest Healthcare Corp. What are the potential sources of the problems? It seems there is conflict between Vijay Singh the Chief Financial Officer (CFO) of Interwest and the Operations staff (Hospital Administrators). Singh is accusing the hospital administrators of not being detail oriented when entering patient information in the Management Information System. The hospital staff is accusing Singh of not caring about patient services. There’s opportunity cost from both Singh and the staff, as Singh is in need of the data entry to be accurately entered because it affects federal funding and management reports. However, the hospital staff finds patient services more important than correct data entry, therefore, the source of the problems are the values each side considers more important (opportunity cost). Management implications are another source of problems -Understanding what motivates individuals is critical (Brickley, Smith & Zimmerman, 2009). Also, both sides must understand what is in the best interest of the company. What information would you want to analyze? As the consultant, I would want to analyze the current processes that are in place for employees that perform the data entry task to find out what causing the problems in data entry. Time Management should also be reviewed and the value the staff...
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...Analyzing Managerial Decisions: Interwest Health Corp by Ronald J. Sanders HCM-540, MBOL5, Health Care Organization Instructor: Wenyuan Teng Saint Leo University Distance Learning October 24, 2013 Abstract In order for manager to properly manage a company, there needs to be a constant analysis of the decisions that arise daily. Not only do manager’s make personnel decision, they often times are confronted with the decisions of resources and data entry. Because managers must answer to the shareholders, they must be the bearer of the good and the bad news. When making and analysis, managers should, 1) identify the source of the problem, 2) information analyzed, 3) recommended courses of action, and 4) review the analysis conducted. This paper takes a look at a case study on how Interwest Health Corp analyzes managerial decisions. At the conclusion, readers will form a different perspective on how to analyze managerial decisions. Introduction Managers are devoted to the task of making decisions that will affect the worth and synergies of their firm they manage. Consequently, they bear the chore of maximizing their profits by the decision they make. In the past, many formal theories have been formulated as models for making rational choices. These theories have been accepted as practice when faced with a dilemma. As with any decision, there must be an analysis when making a decision. When making a decision, managers should consider the source of...
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...increase wine sales in the country? For the soft launching, the company should consider why most of people in country B usually drink other alcohols. According the research result, the company makes a plan to increase sales volume of wine. For example, if people in country B prefer to drink low degree of alcohol, the company will focus on selling a low degree wine, such as sparkling wines. Or if people in country B prefer to drink add-flavored alcohol, the company tries to launching add-flavored wine, such as ice-wine. And then strengthen the marketing strategy to make people be more familiar with wine. 2. Analyzing Managerial Decisions: Interwest Healthcare Corp. a. What are the potential sources of the problem? First, the hospital administrator did not properly completing to enter data into the firm’s MIS. Second, there was no regulation and reward program to enhance the hospital people’s participation. Third, Singh’s communication skill wasn’t good enough to persuade the hospital people to do right thing. b. What information would you want to analyze? First, consider the motivations for the workers who are not properly completing their tasks. Second, find how the hospital officer’s behavior might be changed. c. What...
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...Introduction to Centaur Partners SaaS Market Overview Centaur Partners Mergers & Acquisitions, Private Placement Advisory, and Transaction Consulting May 2015 CONFIDENTIAL – NOT FOR DISTRIBUTION © 2015, Centaur Partners │Confidential | Technology Market Overview IT Storage IT Infrastructure NASDAQ Composite IT Security BigData 160 SaaS Internet Digital Media 150 140 130 120 12% 110 100 90 80 5/7 6/7 7/7 8/7 9/7 10/7 11/7 12/7 1/7 2/7 3/7 4/7 IT Security SaaS Internet/Digital Media NASDAQ Big Data IT Infrastructure 43% 31% 25% 23% 6% 5/7 4% Source: CapIQ 5/4/15 IT Security Index: AVG, SYMC, CHKP, FTNT, PANW, FIRE, IMPV, VDSI, PFPT, FEYE, QLYS SaaS Index: CRM, N, ATHN, ULTI, JCOM, TRAK, BCOV, DWRE, GWRE, LOGM, CTCT, CSOD, LPSN, MKTG, VOCS, IL, TNGO, SPSC, SQI, ZIXI, ELLI, NOW, WDAY, MDSO, LOCK, FLTX, QLYS, RALY, MKTO, MRIN, MODN Big Data Index: EMC, TDC, INFA, MSTR, SPLK, DWCH, ATTUF, NTAP, SPLK, DATA, FIO, FALC Internet & Digital Media: 66 companies IT Infrastructure Index: VMW, CTXS, NTAP, CA, RHT, SWI, INFA, OTEX, CVLT, CPWR, QLIK, PEGA, MVSN, PRGS, JIVE, NTCT, BLOX, GUID, MGIC, FALC, FIO, GIMO, SSNI, CYNI, RALY © 2015, Centaur Partners │Confidential │ 2 Technology M&A Trends Key M&A Statistics Technology M&A – Transactions Since 2006 Number of Transactions 2,400 2,000 $165 1,600 1,441 $166 $150 1,281 1,216 1...
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...CHAPTER 2 ECONOMISTS’ VIEW OF BEHAVIOR CHAPTER SUMMARY This chapter uses the cheating scandal at Merrill Lynch to illustrate how a manager’s view of behavior can affect decision making. It summarizes the economic view of behavior and contrasts it with other views. The chapter presents a graphical analysis of utility maximization and decision making under uncertainty. The concepts in this chapter are an important foundation for subsequent material in the book. CHAPTER OUTLINE ECONOMIC BEHAVIOR: AN OVERVIEW Economic Choice Marginal Analysis Managerial Application: Marginal Analysis of Customer Profitability Opportunity Costs Managerial Application: Opportunity Costs and V-8 Creativity of Individuals Managerial Application: Creative Gaming of the System GRAPHIC TOOLS Individual Objectives Indifference Curves Constraints Individual Choice Changes in Choice MOTIVATING HONESTY AT MERRILL LYNCH MANAGERIAL IMPLICATIONS Managerial Application: Medicare Creates Perverse Incentives for Doctors ALTERNATIVE MODELS OF BEHAVIOR Only-Money-Matters Model Happy-Is-Productive Model Managerial Application: Happy-Is-Productive versus Economic Explanations of the Hawthorne Experiments Good-Citizen Model Managerial Application: Culture and Behavior Product-of-the-Environment Model WHICH MODEL SHOULD MANAGERS USE? ...
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...Business Plans Handbook Business Plans A COMPILATION OF BUSINESS PLANS DEVELOPED BY INDIVIDUALS NORTH THROUGHOUT AMERICA Handbook VOLUME 16 Lynn M. Pearce, Project Editor Business Plans Handbook, Volume 16 Project Editor: Lynn M. Pearce Product Manager: Jenai Drouillard Product Design: Jennifer Wahi Composition and Electronic Prepress: Evi Seoud Manufacturing: Rita Wimberley Editorial: Erin Braun ª 2010 Gale, Cengage Learning ALL RIGHTS RESERVED. No part of this work covered by the copyright herein may be reproduced, transmitted, stored, or used in any form or by any means graphic, electronic, or mechanical, including but not limited to photocopying, recording, scanning, digitizing, taping, Web distribution, information networks, or information storage and retrieval systems, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the publisher. This publication is a creative work fully protected by all applicable copyright laws, as well as by misappropriation, trade secret, unfair competition, and other applicable laws. The authors and editors of this work have added value to the underlying factual material herein through one or more of the following: unique and original selection, coordination, expression, arrangement, and classification of the information. For product information and technology assistance, contact us at Gale Customer Support, 1-800-877-4253. For permission to use material...
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...Confirming Pages bye80180_appB_539-654.qxd 11/19/09 9:17 AM Page 539 technology ventures - management dell’imprenditorialità e dell’innovazione Richard C. Dorf, Andrew J. Nelson, Roberto Vona Copyright © 2011 – The McGraw-Hill Companies srl A P P E N D I X B Cases 539 bye80180_appB_539-654.qxd 11/19/09 9:17 AM Page 540 Confirming Pages technology ventures - management dell’imprenditorialità e dell’innovazione Richard C. Dorf, Andrew J. Nelson, Roberto Vona Copyright © 2011 – The McGraw-Hill Companies srl 540 APPENDIX B Cases TREXEL We’ve never met a customer who wasn’t interested in our technology. —David Bernstein, CEO of Trexel David Bernstein hung up the phone with Alex d’Arbeloff, Trexel’s largest investor, and contemplated an upcoming Board of Directors meeting scheduled for June 25, 1998. The meeting was only 10 weeks away and Bernstein, Trexel’s president and chief executive officer, needed to present a coherent vision of the company’s new strategy. Bernstein believed that Trexel’s patented technology for manufacturing foamed plastics had the potential to revolutionize much of the worldwide plastics industry. His innovative process technology, known as MuCell, allowed the Woburn, Massachusetts company to produce foamed plastic utilizing 25% to 50% less material than traditional solid plastics without a significant decrease in the strength of the plastic. Bernstein believed the market for products produced via this...
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