This website uses cookies to ensure you have the best experience. Learn more

Study Group Essay

985 words - 4 pages

2-1

CHAPTER 2
Healthcare Business Basics

     

Concept of a business Legal forms of business For-profit versus not-for-profit ownership Organizational goals Financial goals Taxes

2-2

Concept of a Business  A business is an entity that
 raises money in the capital markets,  invests these funds in assets (land, buildings, equipment, inventories, and so on),  uses these assets to create products or services, and  sells these products or services to sustain itself.

 A pure charity is different. Why?

2-3

Legal Forms of Business  There are four major categories of business organization (legal forms of business):
    Proprietorship (sole proprietorship) Partnership ...view middle of the document...

 However, in the health services industry, a significant proportion of businesses, particularly hospitals, are organized as not-for-profit corporations. How much does ownership influence the practice of healthcare finance?

2-9

Investor-Owned (For-Profit) Corporations
 Investors become owners by purchasing shares of common stock.
 Primary market transactions
 Initial public offerings (IPOs)  New common stock sales

 Secondary market transactions
 On exchanges  In the over-the-counter market

 Stockholders have:
 right of control, and  claim on residual earnings and residual liquidation proceeds.

2 - 10

Not-For-Profit Corporations  If a business meets certain requirements, it can qualify as a not-for-profit (nonprofit) corporation.  These corporations:
 generally have no shareholders and, hence, do not have a single clientele to which managers are responsible;  receive various tax exemptions; and  can be thought of as being owned by “the community.”

2 - 11

Organizational Goals  The primary goal of for-profit corporations is shareholder wealth (stock price) maximization.

 The primary goal of not-for-profit corporations is generally expressed in a mission statement, often in terms of service to the community.
 What is the primary goal of proprietorships and partnerships?

2 - 12

Stakeholders
 All businesses have stakeholders, who are parties that have an interest (often financial) in the business.  Stakeholders include owners (if for profit), managers, employees, suppliers, patients, and even the community at large.  Not-for-profit managers must satisfy all stakeholders.  For-profit managers are primarily concerned with satisfying owners.

2 - 13

Discussion Items What responsibilities do for-profit businesses have to stakeholders other than owners? Should for-profit businesses behave ethically? If so, why?

2 - 14

Financial Goals
 The primary financial goal of investor-owned corporations stems from their organizational goal: shareholder wealth (stock price) maximization.  The primary financial goal of not-for-profit corporations is to ensure the financial viability of the organization.  Does the difference in financial goals lead to different behavior?

2 - 15

Tax Laws  Some understanding of tax laws is necessary because taxes...

Other Papers Like Study Group

Sir Richard Branson, Chairman Virgin Group, Ltd. Case Study

2436 words - 10 pages Sir Richard Branson, Chairman Virgin Group, Ltd. Case Study International success for an organization requires the expansion of the company into the global market for exposure and the goal of increasing profit margins. Strong leadership skills are an essential key in the success for a global company. Judgment, positive attitude and entrepreneurial thinking, and motivational incentives are additional keys that contribute to the success of an

Sir Richard Branson, Chairman, Virgin Group, Ltd. Case Study

1352 words - 6 pages Sir Richard Branson, Chairman, Virgin Group, Ltd. Case Study Strayer University Beverly Jetter Leadership and Organizational Behavior – BUS 520 Asst. Dean/Professor Christopher McGrath Describe Branson’s leadership style in terms of the leadership models addressed in Chapters 10 and 11 and evaluate the likely effectiveness of that style in the U.S. today. Leadership Model addressed in Chapter 10 and 11 must balance

Ob-Group-Case-Study

978 words - 4 pages Hilton’s transformation case studies Case Summary Qualities and suppositions imparted over an association are alluded to as the hierarchical society. The hierarchical society of a company or even a district is in light of the disposition and estimations of the representatives. As the district of Hilton developed in populace and size its administration group was compelled to change from a city concentrated on foundation to a city occupied

Conversion from Group to Team-a Teamwork Study of the Acca Class

727 words - 3 pages Shanghai University of Finance and Economics Zhejiang College A Dissertation for ENGLISH FOR DECISIONS-MAKERS: A COURSE IN MODERN MANAGEMENT BASED ON CHAPTER 7 TEAMWORK&WORKGROUP DESIGN Conversion From Group To Team ---A Teamwork Study of The ACCA Class by Jason Chen In early April of this year, Shanghai University of Finance and Economics Zhejiang College founds its own experimental class for the Association of

Cis 511 Week 8 Assignment 3, Integrated Case Study Bandon Group In

1238 words - 5 pages Integrated Case Study: Bandon Group, In CIS 511 Enterprise Resource Planning Oscar A Vasquez Calis March 11, 2015 Dr. Stephen Huber, PhD The Bandon Group Bandon Group, Inc. is currently attempting to discover how Information Technology can better support the overall missions, goals, and objectives of the organization. Data is not currently integrated across the various divisions, which causes a duplication of effort, sub

The Wallace Group Case Study

651 words - 3 pages The Wallace Group Permasalahan yang ditemukan oleh Frances Rampar berdasarkan hasil wawancara dengan top executives dari The Wallace Group adalah sebagai berikut : Hal Wallace mengendalikan perusahaan berdasarkan keinginannya yang berdampak pada ketidakefektifan kinerja perusahaan. Board of Director tidak menjalankan tugasnya dengan efektif, yaitu tidak menentukan strategi, tujuan perusahaan, visi, dan misi dengan jelas, sehingga bisnis

Dr. Pepper Snapple Group Case Study

2022 words - 9 pages Marcela Beas Dr. Pepper Snapple Group March 5th, 2013 Current Situation Analysis Mission/Vision Statement The Dr. pepper Snapple Group fuses its vision and mission statements saying, “At Dr. Pepper Snapple Group, it is our vision to be the best beverage business in the Americas. Our brands have been synonymous with refreshment, fun and flavor for generations, and our sales are poised to keep growing in the future.” This stamen is

An Investigation into the use of Collaborative Learning Strategies to foster satisfactory Academic Performance in a group of Grade Six students at a Primary school - BACKGROUND TO STUDY

551 words - 3 pages Background to the StudyChange is unstoppable. We either adapt or fossilize. This is the fact that applies, whether we are talking about change in our private or public lives. Change not only affects social institutions, like the family, but the world of work and our interpersonal and economic lives as well. In our Jamaican society today, unlike many years ago, it is notable that the society throughout the years has changed and gradually developed

Group Development

1070 words - 5 pages their own membership and performance standards she would not have become as emotionally conflicted by what action should be taken address Michael’s behavior and lack of participation. In the study it referred to several disruptive behaviors as defined by, Shermerhorn et al. (2010) these behaviors harm the group process and limit effectiveness. Michael exhibited social loafing, perceived dispensability, anti-social or uncivil behavior and

Group Influence

1239 words - 5 pages Group influence PSY/400 March 11, 2013 Group influence Throughout history, social groups and primary groups represents individuals who associates a connection with comparable others. Giving a presence of homophily within a group of people who share similarities like age, culture, social status, and even religious beliefs. However, a group never begins with three or four different individuals who have dissimilar views or perspectives

Group Norms

635 words - 3 pages participants would conform togroup norms, just as the participants in the Loud and Proud study did, although Sherif'sstudies did not have any moral components.In sum, one will be more likely to conform if to group norms, if their moral basisis weak, and will be less likely to conform to group norms if their moral basis is strong.This also applies to ones likeliness of demonstrating how they feel, whether it be publiclyor privately, moral basis seems to

Related Essays

Lever Group Case Study

5628 words - 23 pages 3/15/2015 Lever Ltd. Group Case Study GROUP 5 Table of Contents Executive Summary 3 Situation Analysis 4 Environment 4 Economic Conditions & Trends 4 Cultural and Social Values & Trends 4 Political & Legal Issues 4 Summary of Environmental Opportunities & Threats 5 Implications for Strategy Development 5 Industry 5 Classification & Definition of Industry 5 Analysis of Existing Competitors

The Benetton Group Case Study

3687 words - 15 pages The Benetton Group Case Study The Controversy Continues Problem Identification Benetton, the world famous clothing producer, once again dives into social issues that the United States may not be ready for. The Italy based group is well known for their shocking world issue advertisements that only bear the company logo. In fact, Benetton’s advertisements traditionally do not feature the clothes it sells; only the issues play the lead role

Case Study 7: The Forgotten Group Member

1304 words - 6 pages CASE STUDY 7: THE FORGOTTEN GROUP MEMBER GM591 LEADERSHIP AND ORGANIZATIONAL BEHAVIOR Group Development At this point, Christine’s group is considered to be stuck at the storming stage. This is the stage where high tension and emotionality amongst the group members have occurred. (Schermerhorn, et al., 2010) Mike is causing a lot of the tension because he can’t commit to the group meetings; and therefore, it is hard for them to stay

Case Study The Forgotten Group Member

739 words - 3 pages Case Study: The Forgotten Group Member MGMT 591 – Leadership and Organizational Behavior Christopher Declerk 1/27/2013 Group Development 5 Stages of Group Development 1. Forming Stage: In the Forming stage, personal relations are characterized by dependence. Group members rely on safe, patterned behavior and look to the trainer for guidance and direction. Individual learners have a desire for acceptance by the group and a