A window of opportunity Essays

A window of opportunity Essays A window of opportunity Paper A window of opportunity Paper The increase in demand for MRI services opens a window of opportunity for putting up a provider-based delivery of such service which will serve as an additional source of revenue for our established orthopedic surgery practice. The fulfillment of such plans equates to addressing the population’s needs with the assurance of having a highly competitive and innovative technology that is the portable Magnetic Resonance Imaging device. A vision of a healthy population who is continually provisioned with the highest quality medical services that are reasonably priced. As the administrator, it lies in your hands to come up with a feasible plan for the business.   Several challenges have been identified which are to be later on discussed.   Due to such, it becomes a primary task at hand to justify and go beyond these challenges to see how this business will make it and flourish eventually.   Pushing through with this project and succeeding greatly lies in the vision that you have with regards to this opportunity.   And such vision would be to provide the highest quality medical services that other providers cannot compete with. The most effective leaders are the ones who are able to cascade their vision down to their subordinates.   Without such influence, the vision could turn awry in the future.   It is of utmost importance that the administrator be able to make all the people involved realize the significance of the opportunity at hand.   From there, he should be able to mobilize them towards achieving the vision through appropriate actions. People, policies, communication and coordination are the structures that will make up this organization. Management.   It is management’s responsibility to handle all administrative concerns of this organization.   As such, the formulation of all policies and guidelines with regards to the operations of this new business is their concern.   Management puts the vision into place and takes charge of executing it.   Management, therefore, makes the greatest impact on how this opportunity will progress. Staff.   As a provider of healthcare services, the business as a whole greatly relies on the skills of its staff.   The staff must therefore understand their role in the realization of the vision.   The failure to offer the highest quality services as envisioned would lead to the demise of this business. Policies and Guidelines.   Appropriate policies and guidelines should be put into place to ensure that measures for only the highest quality are in place.   These are to be strictly followed.   This anchors on the strength of the business as offering only the best of the best. Communication and Coordination.   Effective communication can be achieved with an open environment.   An environment that promotes positive and encouraging communication and coordination will keep the organization strong.   Such will also help identify areas of improvement and growth.   Having a reward system in place will also foster a healthy working experience for all staff that will definitely reflect on business revenue. The challenges at hand and those that lie ahead. As with any new business venture, risks are involved.   But one should be able to see beyond these risks and take them as challenges that need to be overcome.   Let us discuss these challenges one by one. Competition Service cost as a primary patient concern.   It should be noted that the population consists of both managed care and Medicare patients.   Identified as foremost of the challenges, therefore, are the reduced payments for MRI services given by managed care companies and also the increasingly stiff competition from other lower-priced MRI providers.   But we already have an answer for this. Being an established orthopedic surgery practice, it becomes a competitive advantage that only the highest quality medical services are being provided.   This then justifies possibly higher but reasonable costs.   We therefore see this as eliciting a benefit from a challenge.   This is something that the business could and should capitalize on. The Portable MRI A new technology.   Considering the higher demands for MRI services, upgrading the system of executing the treatment for the increasing number of people is necessary to cope.   We now take into consideration the portable MRI.   This becomes an asset since the use of which is not just limited to the hospital.   It is now possible to go directly to the patients who are in need of such service, most of whom do not have the capacity to travel considering the fractures etc.    We can also look at this as an expense reduction on the part of the patient with regards to transportation.   The ability to accommodate emergency cases also becomes an advantage.   It should be noted, however, that there will be a need to invest on such device.   Whether or not revenues will win over costs is for consideration. Employment Recruitment and retention of staff.   The recruitment and hiring process for this new business will need to be studied.   There is a possibility for difficulty with regards to finding an experienced radiologist and other highly-skilled qualified staff. Given that this is a new business on uncertain grounds, management needs to be able to assure applicants of a steady job and make them believe in the vision so as to find the qualified staff they need and then later on be able to retain them.   The reward system that has been mentioned above will also greatly help for employees’ high performance and retention.   Continuous training is also an option for less skilled hires.

Overused LinkedIn Buzzwords of 2014 ... At Long Last!!

Overused LinkedIn Buzzwords of 2014 ... At Long Last!! The Power of  A  Single Word On Friday, I received two pieces of information that I would not normally put together into one blog, but they coincided too well to resist: 1. One of my clients, on the heels of an interview, wrote to me excitedly that the interviewer loved her resume- especially the word â€Å"unstoppable† in her summary section. The interviewer had never seen this word on a resume before. 2. LinkedIn came out with its list of Top Ten Global Buzzwords. Cautions LinkedIn: â€Å"Pledge to banish trite buzzwords [from your profile].† The article gives excellent advice on how to avoid using meaningless phrasing to describe yourself, as does my book, How to Write a KILLER LinkedIn Profile. I encourage you to read the article- and my book- for the tips they offer! Here’s the list of 2014s overused LinkedIn buzzwords: 1. Motivated 2. Passionate 3. Creative 4. Driven 5. Extensive experience 6. Responsible 7. Strategic 8. Track record 9. Organizational 10. Expert Are You Unstoppable? You might notice that â€Å"unstoppable†- the word that so impressed my client’s interviewer- is not on the list of LinkedIn buzzwords. It’s no coincidence that the word caught the attention of someone who probably goes through hundreds of resumes every week. I’m not advocating that you use the word â€Å"unstoppable† in your resume or LinkedIn profile, unless it is the absolute best adjective to describe you. I dont want to be â€Å"responsible for† adding â€Å"unstoppable† to next year’s list! Rather, I want you to find some language that doesn’t include the above trite words and phrases used by multitudes of LinkedIn users. (I’m willing to bet these are the words showing up most often on resumes too.) I also want you to comb through your resume and LinkedIn profile to see how many overused buzzwords show up. Then ask yourself how you can say things differently so that you don’t sound like everyone else. How  to Stand Out on LinkedIn Here’s a hint: Whereas anyone can claim to be motivated or creative, or to have a track record, not everyone can claim that they stepped into a competitive [insert type of] market and drove an organization from #2 to #1 worldwide, or that they conducted a multi-media campaign that increased a customer base by 500K. Whatever your achievements, get to the details and stop using the same words everyone else is using to â€Å"try† to sound good. It’s not working! Instead, use LinkedIn best practices for each section of your profile, especially your headline, job titles, special sections, skills expertise, and recommendations. That’s how you’ll call positive attention to what you have to offer. On a personal note, I must admit I’m saddened to see the word Expert on the buzzwords list, given that the word is in the name of my company. But that is something I’ll have to live with.

Critically Evaluate why the Liquidity of a Firm is Considered Crucial Essay

Critically Evaluate why the Liquidity of a Firm is Considered Crucial Especially in the Growth Stage of a Company's Development - Essay Example Current paper focuses on a particular aspect of organizational performance: liquidity, a term used in order to show the potentials of an organization to meet its liabilities. Emphasis is given on the significance of liquidity in the growth stage of the company development. At the same time, efforts are made in order to identify the terms under which the changes in the financial statement of a particular organization can influence the organization’s value creation process. The literature published in regard to these issues has been reviewed and evaluated; it is made clear that the role of liquidity in the growth stage of the company development can be differentiated. As of the changes on a firm’s financial statements, these seem as unavoidable especially under the following terms: the value creation process of each organization is based on specific organizational data; changes on the particular data could influence the validity of the assumptions made in regard to the ec onomic status of the organization and its power within its industry. 2. Liquidity and company development - Why the liquidity of a firm is considered crucial especially in the growth stage of a company's development In order to understand the role of liquidity in the growth stage of a company development, it would be necessary to refer to the activities in which a company has to be involved during the specific phase. In accordance with Schmeisser, Clausen and Popp (2011), during its growth phase, a firm has to develop its activities covering the relevant costs; at this point, the following problem appears: the development of a company in its growth phase may be delayed due to a series of factors that cannot be easily controlled, such as the lack of capability of employees, failures in the communication of the organization with its customers or suppliers and so on (Schmeisser, Clausen and Popp, 2011). During the above period, the cash required for the completion of the firm’s projects can be increased while the profits achieved may be low, especially in the initial period of the firm’s growth. Therefore, the liquidity of the organization during the specific period may be low. In a different case, i.e. in case that the liquidity of the organization in its growth phase is high, it can be assumed that the prospects for the organization, in terms of its performance, are quite positive. Kapil (2011) notes that the level of liquidity of each organization should be periodically checked in order to ensure the status of the organization within its market. It is explained that for modern firms, liquidity reflects their ability to achieve their targets, no matter if they refer to the short or the long term. In the context of the above role, liquidity is described as an indicator of ‘the investments and assets of a firm that can be quickly converted to cash at any time or within one year’ (Kapil 2011, p.6). In the study of Arnold (2008) reference is made to the liquidity risk, which is described as the condition in which the organization is not able to retrieve the cash necessary for covering its liabilities. Moreover, Singla (2007) notes that in the growth sta