...Working In Partnership In Health And Social Care Table of Contents Introduction 1 Task 1 1 Q1: Explanation of the philosophies of working in partnership in health and social care 1 Q2: Evaluation of partnership relationship that can occur within different departments in health and social care 2 Task 2 3 Q3: Review current legislation, policies and organizations practice that is adopted in working partnership in health and social care. 3 Q4: Explanation of how difference in working practices and polices affect collaborative working 3 Task 3 5 Q5: Strategies to improve partnership working in health and social care 5 Q6: Analyze the different models of partnership that can exist in health and social care 6 Task 4 7 Q7: Analyze the potential barriers to partnership working in health and social cares services. 7 Q8: Evaluation of possible outcomes of partnership working for service user, professionals and organizations 8 Conclusion 9 References 9 Introduction When two or more individuals or organizations share ownership and responsibilities to achieve any particular goal and objective, it is called partnership (Investopedia, 2016). Partnership working has been being practiced in health care organizations since a long ago. Different health care units create an integrated network and mutually share responsibilities. This paper will be written in working partnership in health care management. In the first part philosophies and relationships of working...
Words: 3222 - Pages: 13
...1.1 Explain the policies, procedures and current guidance of the setting relating to partnership working At Little Tigers we are commited to working alongside parents in the provision for their childs individual needs to enable us to help the child to develop to their full potential. The nursery is also commited to working with any child who has a specific need or disability and making reasonable adjustments to enable every child to make full use of the nurserys facilities. At Little Tigers we feel it is very important to find out as much as possible about a paticular childs condition and the way it may affect his or her early learning by ; - Liasing with the childs parents - Liasing with any professional agencies - Attending any review meetings...
Words: 1494 - Pages: 6
...INTRODUCTION Partnerships are defined by the Audit Commission (1998) as “joint working arrangements where parties are otherwise independent bodies who agree to co-operate to achieve common goals, create a new organisational structure or process to achieve these goals, plan and implement a joint programme and share relevant information, tasks and rewards”. Stern and Green (2005) clarify the definition of partnerships further as programmes that have “a high level of commitment, mutual trust, equal ownership and the achievement of a common goal, as distinct from networks which involve sharing information or other resources but not for the explicit purpose of joint working”. Definitions are particularly significant to the topic of this essay, as the component characteristics of partnerships as set out above are often overlooked by organisations and individuals when approaching the delivery of activities ‘in partnership’. In theory, partnership involves collaborative working where people pool ideas and expertise, so the leadership, energy and services produced are greater than the sum of their individual capabilities. It also requires re-thinking the remit or boundaries of organisations within which leadership is to be distributed and respected. This is particularly relevant when considering partnerships to deliver single outcome agreements that have previously been the responsibility of one body, or several bodies in isolation. These are challenges to which public sector...
Words: 3261 - Pages: 14
...regardless of whether the business bears his name or a fictitious name, and does not have to meet many requirements to start a business. Since the business is not considered a legal entity, it is the owner who is sued rather than the business. * must be registered as a business if it operates under a fictitious name A sole proprietorship operating under a name other than the name of the owner is considered to be operating under a fictitious name. The kinds of services and supplies that might be provided by a sole proprietorship and require licensure include healthcare services, the provision of food and drink, childcare, and financial services. State statutory law, established by the state legislature, governs sole proprietorships, like partnerships, franchises, and corporations. *...
Words: 2918 - Pages: 12
...operating cash flows? BALANCE SHEET MODEL OF THE FIRM Total Value of Assets: Total Firm Value to Investors: Current Liabilities Net Working Capital Current Assets Long-Term Debt Fixed Assets 1 Tangible Shareholders’ Equity 2 Intangible What is the most important job of a financial manager? To create value for the firm How? In summary, corporate finance addresses the following three questions: 1. What long-term investments should the firm choose (capital budgeting)? 2. How should the firm raise funds for the selected investments (financing)? 3. How should short-term assets be managed and financed (net working capital activities)? LEGAL FORM OF ORGANIZING FORM SOLE PROPRIETORSHIP Owned by one person PARTNERSHIP Owned by two or more individuals Types of partnership: a. General partnership b. Limited partnership Advantages 1. Easy to form 2. No corporate income taxes 3. Management control resides with the owner of general partners Disadvantages 1. 2. 3. 4. Unlimited liability Life of the business is limited Difficulty of transferring ownership Difficulty in raising large amount of cash Corporation Liquidity Shares can be easily exchanged Partnership Subject to substantial restrictions General Partner is in charge; limited partners may have some voting rights Partners pay only personal taxes on partnership profit All profits are distributed to partners General partners may have unlimited...
Words: 517 - Pages: 3
...Strayer University Creating, Financing, and Marketing a business . 5/27/12 Partnerships have many benefits, but they also can be maintained very easily. You do not have to register with your state and pay fees, as you do to establish a corporation or a (LLC). And with a partnership, filing income tax returns is relatively easy. Unlike a regular corporation, there is no need to file separate tax returns for the corporate entity and its owners. Another advantage of partnerships is the flexibility they offer. In partnership agreements, the partners are free to set their responsibilities and benefits as they see fit or as the needs of the business. The structure of the organization and the distribution of profits and losses are much more flexible in a partnership than they are in a corporation. Because of this, an individual partner can be rewarded with higher profits for taking on more financial risk. Typically, with big corporations, they have money split evenly with stockholders. Partnerships are also considered a discrete asset and as such (as opposed to a sole proprietorship) can be transferred to other people, heirs, or estates if the partnership agreement is set up that way. But partnerships can also be risky. The business and personal related acts of one partner can legally bind all other partners. So it's very important that you enter into partnerships only with people you trust. It is equally essential that, no matter how much you trust your partners, you...
Words: 923 - Pages: 4
...POLITECHNIKA ŚWIĘTOKRZYSKA WYDZIAŁ ZARZĄDZANIA I MODELOWANIA KOMPUTEROWEGO THE FIRM IN A COMPETITIVE MARKET PART ONE OPRACOWAŁ: dr hab. Jan L. Bednarczyk, prof. PŚK Kielce 2012 CONTENTS 1. Types of partnerships/companies................................................................................3 2. Objectives of a company.................................................................................................8 3. Relationships between companies and their financial management, and other links of the financial system.....................................................................................10 4. Financial statements (accounts) of companies and the information contained in them......................................................................................................................13 1. Balance sheet.................................................................................................14 2. Profit and loss account..................................................................................15 3. Cash flow statement......................................................................................16 5. Analysis of a company’s financial position/standing...............................................17 1. Analysis of financial statements...
Words: 11087 - Pages: 45
...business in the United States ( Terence Lau and Lisa Johnson, 2015) | Two Advantages | There are many advantages to this type of business. First it is easy to create a sole proprietorship. The entrepreneur in charge simply starts the business. Another advantage is autonomy. The owner is able to decide what they want to do with the business, concerning hours, rules, and regulations and decide all of the factors needed to run the business. ( Terence Lau and Lisa Johnson, 2015) | Two Disadvantages | There is also some disadvantages to a Sole Proprietorship. Firstly there can only be one owner, so it is not possible to bring other in to the business. If the owner dies, then the business dies as well. Another disadvantage is raising the working capital for the business, especially to start the business. Without the capital it is difficult to expand the business and produce profits (Terence Lau and Lisa Johnson, 2015). | Liability | In a sole proprietorship the liability feature is an unlimited liability. This means that there is no different between the owner and the business, so the owner is liable for all of the debts and obligations of the business. If the owner runs into financial difficulties, he or she is personally liable to pay these finances. All of the personal assets of the owner are reachable by creditors (Terence Lau and Lisa Johnson, 2015). | Income taxes | There is no legal distinction between the owner and the business, hence all of the income that is generated...
Words: 3296 - Pages: 14
...fit together. Motto for class: You can forget the details, but don’t miss the storyline. To show you that corporate finance is a blast! Motto for class: Are we having fun yet? The Balance Sheet Model of the firm Managerial finance focuses on three decisions: In what long-term assets should the firm invest? This question concerns the lefthand side of the BS 4 How can the firm raise cash for its required expenditures? This question concerns the righthand side of the BS How should shortterm operating cash flows be managed? This question concerns the upper portion of the BS The capital budgeting decision The capital structure decision Net working capital decisions Cash flows are king! The most important job of a financial manager is to: Create value from capital budgeting, financing, and net working capital activities. 5 How do managers do this? Buy assets that generate more cash than they cost Sell bonds, stocks, and other financial instruments that raise more cash than they cost. Thus, the firm must create more cash than it uses - the cash flows paid to bondholders and stockholders should be greater than the cash flows they put into the firm. Finance is about one thing: And that one thing is valuation: How much should you pay for the asset (what is that stock, bond, or business really worth? ) How should you...
Words: 1358 - Pages: 6
...CHAPTER ONE 1. Introduction to the study The purpose of study is to evaluate the effects of strategic buyer-supplier alliances and partnerships in the South African clothing stores, sector and industry. Strategic Alliances, Partnerships and Joint Ventures involve the establishment of informal and formal relationships with other individuals or businesses to share resources, ideas or capital (Hugo, Badenhorst-Weiss & Biljon 2007). The research indicates that during the past decade, companies in all types of industries and all parts of the world have elected to form strategic alliances and partnerships to complement their own strategic initiatives and strengthen their competitiveness in domestic and international markets (Thompson Jr, Gamble & Strickland, 2006), the statement confirms that some of the companies realize the importance of strategic alliances and partnerships. The current situation in South Africa indicates that the government is imposing Quotas on Chinese imports with intent to influence the South Africa retailers to buy from local suppliers (Sandrey & Fundra, 2008). The quotas have encouraged the major retailers in South Africa to procure more from local suppliers than ever before given the growth in their collective businesses over the last four years. Preliminary investigation between the retailers and clothing manufacturers confirm the retailers’ expectations that local companies will be unable to make up the expected shortfall the quotas will inflict...
Words: 6094 - Pages: 25
...Beirut and Mount Lebanon 00 CONTENT 01 LETTER FROM THE CHAIRMAN 02 JOINT LIABILITY COMPANY 03 LIMITED PARTNERSHIP 04 UNDECLARED PARTNERSHIP 05 JOINT STOCK COMPANY LIMITED LIABILITY COMPANY (LLC) 07 PARTNERSHIP LIMITED BY SHARES 08 HOLDING COMPANIES 09 OFFSHORE COMPANIES 10 THIRD-FOREIGN COMPANIES Chamber of Commerce Industry and Agriculture of Beirut and Mount Lebanon 01 2 LETTER FROM THE CHAIRMAN True to its mission of supporting the private economy, the Chamber hereby undertakes to assist prospective foreign investors all through the establishment process. The defining advantages of Lebanon’s investment environment derive from its free enterprise system distinguished by a high degree of openness to foreign trade and the absence of restrictions on capital movement. Such system naturally safeguards private ownership of all form of assets, and subjects local and foreign investors to the same code of laws and regulations. Hence, foreign investors retain full control over their business and private assets, unhindered by the constraint of an imposed local partner or restrictions on business and investment decisions. Evolution at the policy-making level continues to build on the competitiveness of the investment environment. The public-private partnership approach certainly generates abundant opportunities in building and operating infrastructure projects. Unscathed by the global...
Words: 12612 - Pages: 51
...Business Organization If I somehow managed to begin my own business, I would run with a sole proprietor business structure. i might want to be in all out control and recognize what is happening at all times. In this sort of structure I will have the capacity to alter my mix-ups and learn. This business structure is cost affordable to me and the way that I am an author I’ve had a sole business with composing music. I 100%$ make and compose my own particular music, therefore I might want to procure 200% of all benefits. I will either get to be successful of go into disrepair, however whenever I attempt I will be better and much more successful. I will be presenting the 4 different type of business structures, which include, sole proprietor, partnership, LLC, and corporation. I will explain each in detail, including the advantages and disadvantages. After reading this I hope to have given you knowledge on the different type of business structures of today’s time. To Begin, WHAT IS A SOLE PROPRIETORSHIP? A sole proprietorship is essentially an unincorporated business that is ran and operated by one person. The owner will reap 100% of all the benefits, but also have to cover the cost or handle responsibilities if business' obligations, misfortunes and liabilities occur. To start your own sole proprietorship business a person don’t need some type of approval before one can claim their business. If you are the only creator of something, then it legally becomes your business. Something...
Words: 1555 - Pages: 7
....2 Identify ways of working that can help improve partnership working. Improving partnership working can be done in many ways and there are many different methods of doing it. One way could be to give honest and unbiased information and opinions to the people you work with to help build a strong bond of trust and encourage people to act in the same manner toward you as you do to them. Identifying strengths and weaknesses of individuals is also key to improving partnerships, as it can create an opportunity for everyone to learn, and to provide the best possible care for the service user. You can improve partnership working by attending training sessions and knowing your own roles and responsibilities, and having everyone know the policies and procedures. Also having good communication between everyone involved can make working with a partner much easier and more efficient. 3.3 Identify skills and approaches needed for resolving conflicts. Compromising with a difficult individual is very important, as if a conflict seems one sided it will only anger or agitate the conflicted individuals further. Understanding each others roles can also help diffuse tension by having individuals concentrate on their roles rather than the other person, as well as trying to understand the individuals problems, it could be as simple as turning the channel over, but even if it isn’t, identifying why a conflict has occurred is a very good step towards resolving it, and understanding that problem...
Words: 441 - Pages: 2
...Bin No. Box No. *, y : R0 Z.; Partnership Act, 1890. Year. [53 & 54 VICT] [CH. 39.] ARRANGEMENT OF SECTIONS. Nature of Partnership. Section. Definition of partnership. 2. Rules for determining existence of partnership. 3. Postponement of rights of person lending or selling in consideration of share of profits in case of 1. insolvency. 4. Meaning of firm. Relations of Partners to persons dealing with them. 5. Power of partner to bind the firm. 6. Partners bound by acts on behalf of firm. 7. Partner using credit of firm for private purposes. 8. Effect of notice that firm will not be bound by acts of partner. 9. Liability of partners. 10. Liability of the firm for wrongs. 11. Misapplication of money or property received for or in custody of the firm. 12. Liability for wrongs joint and several. 13. Improper employment of trust-property for partnership purposes. 14. Persons liable by "holding out." 15. Admissions and representations of partners. 16. Notice to acting partner to be notice to the firm. 17. Liabilities of incoming and outgoing partners. 18. Revocation of continuing guaranty by change in firm. 19. 20. 21. 22. 23. Relations of Partners to one another. Variation by consent of terms of partnership. Partnership property. Property bought with partnership money. Conversion into personal estate of land held as partnership property. Procedure against partnership property for a partner's separate judgment...
Words: 6235 - Pages: 25
...Katelyn Bowerman 000311726 310.1.2-01-06 Part A There are many different types of business forms for your company to convert to. Below I will discuss the six types, their characteristics, advantages and disadvantages. I have concluded that there is one piece of generalized advice I can give for all of these types, and that is preparation for all owners involved, no matter the role. In the event of a death, or a decision to leave the business, you should make sure that at the forming of the business, that everything is in order for all parties involved and the smooth continuation of said business. Running a business can be an exciting endeavor, but I would recommend to anyone before they start, to have everything legally in order for all the different kinds of situations you can find yourself in. Sole Proprietorship- The simplest form of business, a sole proprietorship is the most common form of business in our country. Be it because it can be managed by a single person; or perhaps it’s the lack of agreements and formalities needed for the business to run, sole proprietorships are able to operate on a small scale and responsibilities fall on only one person. In a sole proprietorship, only one person is needed for the capital and credit to start the business, and possibly that’s why we American Dreamers have turned it into the most common form of business used in this great country. What distinguishes this form from the rest, is the unshared responsibility of the owner....
Words: 4602 - Pages: 19