Future Developments and Future of Financial Management

Week 11 Discussion Future Developments and Future of Financial Management”. Reflecting on the various topics discussed throughout the course, examine two (2) specific changes that you anticipate in the role of the health care financial manager over the next five (5) years.

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Organizational Direction

Overview
Prepare a 3–5 page report that analyzes the critical connections between the organization’s mission, objectives, and goals, and the development and implementation of a strategic plan. Explain the importance of integrating the needs of stakeholders into the strategic plan, analyze the major sources of organizational resistance to change, and identify methodologies for evaluating the status of the organization in relation to its environment.
Note: The assessments in this course are presented in sequence and must be completed in order.
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
•
• Competency 1: Evaluate the role of an effective planning process in the strategic management of health care organizations.
o Identify appropriate methodologies for evaluating the current status of the organization in relation to its broader environment.
Competency 2: Apply strategic management principles to analyze the mission, vision, core values, goals, and governance of health care organizations.
o Analyze the critical connections between the organization’s mission, objectives, and goals, and the development and implementation of a strategic plan.
o Analyze the major sources of organizational resistance to change.
Competency 3: Analyze the effect of internal and external environments on the strategic planning process within health care organizations.
o Explain the importance of integrating the needs and agendas of internal and external organizational stakeholders into the strategic plan.
Competency 5: Communicate in a manner that is professional and consistent with expectations for business professionals.
o Write content clearly and logically with correct use of grammar, punctuation, and mechanics.
Competency Map
Check Your ProgressUse this online tool to track your performance and progress through your course.
Context
According to Zuckerman (2012), “Identifying organizational direction initiates in earnest the process of looking forward to chart what the organization’s future might be. This activity sets high-level direction encompassing mission, vision, overall organizational strategy, and values” (p. 57).
Part of strategic management includes the ability to analyze the relationship between a health care organization’s mission, core values and goals, and the development of a strategic plan. It also requires the ability to integrate the needs and agendas of various internal and external organizational stakeholders into the strategic plan, recognize the challenges created by organizational resistance to change, and how to select and use appropriate methodologies to evaluate the current status of the organization in relation to its broader environment.
Reference
Zuckerman, A. (2012). Healthcare strategic planning (3rd ed.). Chicago, IL: Health Administration Press.
Questions to Consider
To deepen your understanding, you are encouraged to consider the question below and discuss it with a fellow learner, a work associate, an interested friend, or a member of your professional community.
What do you think would be the consequences of a strategic management plan that did not align to an organization’s mission, vision, and values?
Resources
Required Resources
The following template is required to complete Assessment 4:
Worksheet 4.

Organizational Direction
The following resources address the topic of organizational direction:
Zuckerman, A. M. (2012). Healthcare strategic planning (3rd ed.). Chicago, IL: Health Administration Press. (Available for purchase in the Capella University Bookstore.)
o Chapter 4, “Activity 2: Identifying Organizational Direction,” pages 57–76.
Mission Statement.
o Complete the interactive. This will generate an e-mail of your inputs. You may use this information to complete Assessment 4.
Organizational Leadership
These resources examine the role of leadership in health care organizations:
Schyve, P. M. (2009). Leadership in healthcare organizations: A guide to Joint Commission leadership standards. The Governance Institute. Retrieved from https://www.jointcommission.org/assets/1/18/WP_Leadership_Standards.pdf
Lindsey, J. S., & Mitchell, J. W. (2012). Tomorrow’s top healthcare leaders: 5 qualities of the healthcare leader of the future. Becker’s Hospital Review. Retrieved from http://www.beckershospitalreview.com/hospital-management-administration/tomorrows-top-healthcare-leaders-5-qualities-of-the-healthcare-leader-of-the-future.html
Exemplar resources for the course
It may be helpful for you to review these exemplars prior to beginning your work on the assessment.
Johns Hopkins. (2013). John Hopkins Medicine strategic plan. Retrieved from http://www.hopkinsmedicine.org/strategic_plan/_docs/JHM%20Strategic%20Plan_Sept2013.pdf
Niles, N. J. (2010). A case study in strategic financial planning in health service organizations. Journal of Business Case Studies, 6(5), 23–29.
Howard, B. (2015). St. Michael’s Hospital Strategic Plan 2015–2018 | Transcript. Retrieved from https://www.youtube.com/watch?v=UQ3pOf5JLIM
Strategic Management Case Study
If you do not currently work for a health care organization, or if you prefer not to use the organization where you work for the course assessments, you may choose to use this case study to complete the assessments:
Community Hospital Healthcare System: A Strategic Management Case Study.
Assessment Instructions
Preparation
You will use the same organization used for the previous assessments.
Complete Worksheet 4, located in the Resources section of this assessment. You may also use the output generated from the Mission Statement media piece linked in the Suggested Resources section. You will not submit the worksheet or the Mission Statement output, but will use the information to develop a report on the organization you selected.
Assessment Requirements
Use the information from Worksheet 4, and the Mission Statement output if you wish, to prepare a 3–5 page report that includes the following:
Analyze the critical connections between the organization’s mission, objectives, and goals, and the development and implementation of a strategic plan.
o Briefly describe the organization’s mission, objectives, and goals.
o Briefly explain the importance of a strategic plan for an organization.
o Explain the importance of a strategic plan to support an organization’s mission, objectives, and goals.
Explain the importance of integrating the needs and agendas of internal and external organizational stakeholders into the strategic plan.
Identify appropriate methodologies for evaluating the current status of the organization in relation to its broader environment.
Analyze the major sources of organizational resistance to change.
o Identify the major sources of resistance to change.
o Explain the challenges these create for the organizational leader.
o Provide strategies for overcoming resistance to change.
Format your assessment as a report and be sure it is organized logically, using headings and sub-headings appropriately. Follow APA guidelines for in-text citations and references.
Additional Requirements
Report length: 3–5 double-spaced pages, not including title page and reference page.
References: A minimum of three professional resources.
Format: Use APA format for all in-text citations and references. Include a title page and reference page.
Font and font size: Times New Roman, 12 point.

Worksheet 4
Analyzing the Direction
Complete this matrix using the readings from Chapter 3 of the textbook, additional readings and video materials, as well as the case study for this course. Use the information you collect here to complete an initial plan for the development and dissemination of the strategic planning documents you will develop throughout the course.

Mission Vision Values Strategy

Task Outcome
Define barriers and resistance.
Identify methods to overcome barriers and resistance.

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 Research and Policy Development

“Emerging Markets Investments in Portfolio Management”

You are employed by a leading funds manager who is invested on behalf of many Australian investors in a range of traditional assets in Australia, viz., cash, fixed interest, equities and property, as well as in some of these asset classes in the USA, the UK, continental Western Europe and Japan.
Your boss believes that there are further opportunities to be gained by investing in a range of other rapidly growing countries, widely known as emerging economies. He asks you to research and develop this strategy.
You are required to select two emerging economies and analyse the investment opportunities they present. In particular, you should:
– with the aid of the literature, outline your selected countries’ recent (over at least the last 3 to 5 years) economic and political histories –making special reference to the political, etc. stability of each nation and their economic performance, with reference to real GDP growth, interest rates, exchange rates, employment and unemployment levels, key industries and the external current account accounts, whether in surplus or in deficit ;
– research and report on the recent investment performance of their major asset classes, viz., cash; fixed interest; equities and property, along with any other portfolio investments peculiar to each country;
– consider the advantages and disadvantages of establishing a country fund of investments offered by your selected economy/ies, to be available to Australian investors, to include in their portfolios as a separate investment, or to include as part of a balanced fund; and
– based on your research and analysis, formulate your conclusions and state your recommendations, along with reasons, for your firm’s portfolio managers to follow in the future in respect of their overall strategy and your emerging economy’s available investments.
Further details of the Assignment requirements and penalties for late lodgment are in the Subject Outline, which you should read carefully.
You are required to complete this essay individually (not as a Group).
You should follow the following typing conventions:
Times New Roman font (at minimum , 12 pitch)
A4 paper – 1.5 line spacing; and
Top, bottom, left and right margins to be at least 2.5 cms from the edge of the page.
Word length – 2,500 words + / – 10%.
Research and Referencing
Further details of what is required and the marking rubric are set out in the Subject Outline, pages 9 to 12.
You will need to discover at least 6 references apart from the text-book. This should include at least one other text-book and one journal article.

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Investment and Portfolio Management

ASSIGNMENT No. 2 –INDIVIDUAL

“EMERGING MARKETS INVESTMENTS IN PORTFOLIO MANAGEMENT”
Topic:

Your topic is:

“Emerging Markets Investments in Portfolio Management”

You are employed by a leading funds manager who is invested on behalf of many Australian investors in a range of traditional assets in Australia, viz., cash, fixed interest, equities and property, as well as in some of these asset classes in the USA, the UK, continental Western Europe and Japan.
Your boss believes that there are further opportunities to be gained by investing in a range of other rapidly growing countries, widely known as emerging economies. He asks you to research and develop this strategy.

You are required to select two emerging economies and analyse the investment opportunities they present. In particular, you should:

– with the aid of the literature, outline your selected countries’ recent (over at least the last 3 to 5 years) economic and political histories –making special reference to the political, etc. stability of each nation and their economic performance, with reference to real GDP growth, interest rates, exchange rates, employment and unemployment levels, key industries and the external current account accounts, whether in surplus or in deficit ;

– research and report on the recent investment performance of their major asset classes, viz., cash; fixed interest; equities and property, along with any other portfolio investments peculiar to each country;

– consider the advantages and disadvantages of establishing a country fund of investments offered by your selected economy/ies, to be available to Australian investors, to include in their portfolios as a separate investment, or to include as part of a balanced fund; and

– based on your research and analysis, formulate your conclusions and state your recommendations, along with reasons, for your firm’s portfolio managers to follow in the future in respect of their overall strategy and your emerging economy’s available investments.

Further details of the Assignment requirements and penalties for late lodgment are in the Subject Outline, which you should read carefully.

You are required to complete this essay individually (not as a Group).

You should follow the following typing conventions:

• Times New Roman font (at minimum , 12 pitch)
• A4 paper – 1.5 line spacing; and
• Top, bottom, left and right margins to be at least 2.5 cms from the edge of the page.
• Word length – 2,500 words + / – 10%.
Research and Referencing

Further details of what is required and the marking rubric are set out in the Subject Outline, pages 9 to 12.

You will need to discover at least 6 references apart from the text-book. This should include at least one other text-book and one journal article.

Use Harvard referencing! See http://en.wikipedia.org/wiki/Harvard_referencing

Marking Guide

The Assignment will be scored out of 100% (following the pattern set out in the rubric (see Subject Outline) and converted to a mark out of 30%.

Details of the Marking Guide for each component of your essay are set out in the rubric for this Assignment, contained in the Subject Outline.

Aim of Assignment

The purpose of this Assignment No. 2 is to test your initiative as Master’s degree students, and your ability to discover and analyse financial data and apply this to justify your conclusions and recommendations for portfolio investment managers.

Remember that plagiarism brings severe penalties.

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Risk Management and Safety

General
The 7204ENG course has a single assignment representing a major assessment item which must be
submitted by a group of 2, 3 or 4 students. The assignment will be assessed on the student’s proficiency in
developing a risk-based scenario, responding to assignment tasks (listed below), and incorporating
lecture/reading materials where appropriate. In doing so, course learning outcomes will be achieved.
Assignment Task
Each group is requested to start thinking about constructing a scenario, in a structured way, where
strategic and/or operational risks come into play. Based on this scenario, you will need to carry out the
following assignment tasks:
1. Describe the Scenario.
2. Provide an overview of the organisation, product/service, key stakeholders, and any other critical
information relating to your Scenario. This is an essential background for establishing the relevant
context of what you are facing as a risk manager.
3. Elaborate on Risk Identification (What, How, and Why in detail with examples).
4. Describe how and why you quantified at least three (3) risks in detail.
5. Discuss (in general) the development of risk response planning as expected in your scenario.
6. Describe (in detail) the risk plan implementation as expected in your scenario.
7. Develop an appropriate risk tracking, monitoring and control (TMC) system.
8. Identify an incident that has occurred either in one of your identified risks, or related to all your risks,
and describe the nature and extent of change that has taken place.
9. Elaborate on the (in)effectiveness of your TMC in handling and dealing with the incident occurred in
the above point.
10. Give a summary of key issues in the scenario.
7204ENG Risk Management and Safety – Major Assignment
Task Requirements
In responding to the above tasks, it is expected that you will be demonstrating your capabilities in:
Dealing with various Stakeholders having different attitudes towards identified risk(s)
Using both objective and subjective risks via probability distribution and fuzzy logic
Referring to national or international risk standards (e.g. AS/NZS IS031000:2009)
Making decisions under risk (one example) & under uncertainty (one example)
Applying one or more of the risk management tools and techniques to deal with ONLY ONE of the
following aspects:
SAFETY, FINANCE, PROCUREMENT, DESIGN, CONTRACTS, TECHNOLOGY, OR INNOVATION.
Marking Scheme
1. Please ensure that your assignment content demonstrate a thorough knowledge of the materials
covered in the lectures.
You need to address the above requirements in a coherent report format with typical headings
supporting the report’s beginning, body and conclusion
2. The marks will be allocated as follows:
80% allocated to Content: your effort in demonstrating knowledge and application of relevant
concepts covered in the lectures, appropriateness of how you are addressing the ten task
requirements and the use of relevant literature in support of your work.
20% allocated to Presentation: clarity of expression and figures, grammar, spelling, etc.
Submission date: 22 September 2017
Assignment size: As a guide only (8,000 words)

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Future Implications

This assignment will assess the following competency 4. EVALUATE legal and regulatory issues in health care administration.

Directions:

In a 4 page paper provide a list of the future changes and challenges facing health care leaders in the future. How would you plan to have a positive impact or leverage the future changes or challenges to improve health care in the US. Compare and contrast the future of US health care to another countries system and future concerns. List any synergies or strategies the US could us in partnering with another country’s health care system.

Submit this assignment to your instructor via the dropbox “LP5 Assignment: Future Implications.”

This assignment is worth 120 points; grading will be based on the General Writing Rubric, located under “Course Information.”

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Initiatives in Strategic Health Care Organizations

The old adage, “form follows function” describes considering the importance of what you are trying to accomplish before you decide how to get there. It is important to remember that you have to have the will to improve, ideas about alternatives to the status quo, and make it real—execute (Nolan, 2007).

In this Discussion, you will describe strategic health care quality initiatives in two organizations attempting to accomplish their goals and objectives in quality improvement. You will also examine the purpose of the initiatives(s) and share the issues and opportunities for improvement, as well as address any elements crucial to improving quality in your health care organization or one you are familiar with.

To prepare:

Read and review the resources in the Learning Resources section as they relate to initiatives in strategic health care organizations.

SelectONE organization from each of the TWO groups listed:

Group I:

• Agency for Healthcare Research and Quality (AHRQ)
• Institute for Healthcare Improvement (IHI)
• Institute for Safe Medication Practices (ISMP)

Group II:

• ANCC Magnet Recognition Program
• Baldrige Performance Excellence Program
• The Leapfrog Group

The Assignment:

In a 3- to 4-page paper (excluding title page and references):

• Describe strategic health care quality initiatives in two of the organizations. Compareand contrast the purposes of the initiatives.

• Analyze strategic quality issues and opportunities for improvement within the two organizations.
• Evaluatewhich elements of the initiatives are crucial to the quality-improvement opportunities of your health care organization or an organization with which you are familiarDo you want your assignment written by the best essay experts? Then look no further.  Order Now, and enjoy an amazing discount!!