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Financial Management DB1
Financial Management DB1
Name
Institution
Financial Management DB1
In order to realize success, corporations, organizations, institutions and businesses must know what is happening around them and what is likely to happen in future. They should them proceed to position themselves to take advantage of future changes and as well as handle challenges. The process of this positioning is known as strategic planning. In this process the organization determine where it is, where it wants to go and how to get there. A strategic plan is a product of a strategic planning (Haines & McKinlay, 2007).
In this regard the function of a strategic plan is to provide a road map for achieving the long-term objectives of the organization. Is stipulates the process and the resources that will be used to achieve the objectives. The objectives of a strategic plan are the deliverable that the plan hopes to deliver within a specific time. The scope of such a plan is unlimited. It takes into account all the facets of the organization to ensure that objectives are realized. The scope may cover the objectives; the process of achieving the objectives such as sales forecasts; the resources required like financial forecasts; and the proper organization for optimal results (Grünig & Gaggl, 2011).
On the other hand, operating plans are short-term but very detailed plans formulated to achieve various objectives within the scope of the strategic plan. Operational plans are tactical and thus serve to organization the tactical components of the strategic plan.
Financial planning process is also important and involves six critical steps: determination of the current financial situation; developing financial goals; identification of alternative courses of action; evaluation of alternatives; creation and implementation of a financial action plan; and reevaluating and revising the plan.
Sales forecasts are also a critical component of a strategic plan. Sales forecasts are a product of looking ahead at the market and determining how a product will perform. Sales forecasts can inform various process and decisions such as promotional mix, required employment levels, and the required production capacity.
General forecasting involves looking ahead at various aspect of the organization to determine future opportunities, challenges, and threats such as changes in market trends, technological developments and completion. Forecasting determines financial needs, employment needs and organizational need. It serves to create a clear picture of where an organization needs be and how the path to the realization of its objectives looks like (Grünig & Gaggl, 2011).
Other factors external to the business can affect how a business exercises the above practices. This can clearly be seen on the way businesses responded to the September 11 terrorism attacks. Planning for a rainy day became part of long term strategic planning. Business forecasts have become more concerned of the unpredictable just as much as they are concerned with the predictable. Therefore, when making finical plans and strategic plans manager take into account social political dynamics that can negatively affect a business.
References
Grünig, R., & Gaggl, R. (2011). Process-based Strategic Planning. Berlin Heidelberg Springer.
Haines, S. G. & McKinlay, J. (2007). Reinventing Strategic Planning: The Systems Thinking Approach. San Diego, Calif.: Systems Thinking Press.
Ear inflammation
Ear inflammation
Otitis is the general inflammation of the ear in both animals and humans. The otitis is divided into two: otitis externa, interna and otitis media. They are all common in animals but particularly humans. This research aims to explicate the ear diseases.
Otitis externa (OE)
This is an infection of the auricle and the auditory canal (EAC) or both. It is a common disease found across age groups. OE usually is a representation of an acute bacterial inflammation of the membrane of the ear duct. It is usually cause by Pseudomonas aeruginosa, staphylococcus aureus or other bacteria, fungal infection and viruses.
Other factors contributing to EAC infection include high humidity, lack of cerumen, increased temperature, retained water in ear duct and local trauma. Athletes are prone to this infection because of increased air pressure.
Types:
Acute diffuse OE
Acute localized OE
Chronic OE
Eczematous OE
Necrotizing or malignant OE
Otomycosis
Symptoms
Ear feels full and may itch
Swelling of the ear cavity
Ear drainage and ear pains and canal may block leading to a swollen face
Enlarging of the lymph nodes of the neck making jaw opening painful
Otitis media
It is any infection of the middle ear without allusion to pathogenesis or etiology. It is common in children. Other types include: acute otitis media chronic suppurative media, adhesive otitis media and, otitis media with effusion,Symptoms
Earache
Sickness
Lack of energy
High temperature (38 degrees and higher)
Slight deafness
Causative agents
Pseudomonas aeruginosa
References
Fitzgerald, M. A. (2010). Nurse practitioner certification examination and practice preparation. Philadelphia, Pa: F.A. Davis Co.
Struthers, J. K., Weinbren, M. J., Taggart, C., & Wiberg, K. J. (2012). Medical Microbiology Testing in Primary Care. London: Manson Pub.
Wolfson, A. B., Hendey, G. W., & Harwood-Nuss, A. (2010). Harwood-Nuss’ clinical practice of emergency medicine. Philadelphia, PA: Lippincott Williams & Wilkins.
Eads Of Courage Logic Model
Eads Of Courage Logic Model
INPUT OUTPUT
Activities Participants
Training On-site training for staff that covers research and the science behind psychosocial interventions.
nurses, doctors, child life specialists and social workers
Literature
(training manuals, membership bead guides and more) Educate the pediatric patients pediatric patients
Beads of Courage, Inc Provides all hospitals the necessary program materials accompanied by education, training and support.
Ongoing support for the staff during the longevity of the program
Beads of Courage team,
Beads Establish cheaper and efficient ways of designing beads for the program Beads of Courage, Inc
Money Equip hospitals with the necessary program’s materials and provide basic education, training and support to implement the Beads of Courage Program. Sponsors, hospital management.
Measurement System
Regular collection to determine satisfactory performance by staff and that the target population is adequately reached Beads of Courage team, hospital management,
How would you measure and monitor the number of children receiving the Beads of Courage program on a pediatric unit? (question about coverage)
Close cooperation and collaboration between the hospital pediatric unit and the Bead of courage team is of paramount as data collected are shared and analyses regularly. A monitoring unit will be set to ensure there is fair coverage of the program
How would you monitor if children receiving the Beads of Courage program are the intended target? (eligibility)
A central database of all the new pediatric patients are kept and shared. An evaluation system should be in place to ensure only patients who participate are given beads.
How would you monitor and measure if children are receiving the proper amount, type and quality of services for the Beads of Courage program? (question about incomplete, wrong or non-standardized intervention)
Carry out regular audits on the pediatric patient records to ensure the medical procedure undergone tallies with the bead type. A random sampling of patients will be carried out by the “Beads of Courage” team to counter check the information in the records.
How would you monitor and measure if staffing is sufficient in numbers and competencies for functions that must be performed for the Beads of Courage program? (organizational support)
Regular staff appraisal will be done to ensure staff delivers quality service. The staff and patient data will regular be collect and the ratios computed to ensure the staff-to-patient ratio is kept at an acceptable proportion
Rossi, P., Lipsey, M., & Freeman, H. (2004). Evaluation: A systematic approach. (7th ed.). Thousand Oaks, California: Sage Publications