Due Week 8 and worth 120 points
One of the tasks you face as a manager, especially if your organization makes frequent business transactions, is that of preparing a budget. A budget is a tool used for planning and controlling your financial resources. It is a guideline for your future plan of action, expressed in financial terms within a set period of time. A budget does not have to be complex. However, it should support the strategic plan for the organization. We will need resources to achieve our goals and objectives.
For this assignment, you will focus on the operating budget. An operating budget shows the company’s projected revenue and associated expenses for an upcoming periodusually the next year. An operating budget starts with revenue, and then shows each expense type. This includes variable costs, or the costs that vary with sales, such as the cost of raw materials and production labor. The operating budget includes fixed costs, such as the monthly rent on office space or the monthly payment for a photocopier lease. The budget also includes operating expenses, such as interest on business loans, and the non-cash expense of depreciation. These items enable the company to compute its projected net income and net profit percentage.
Imagine you are the healthcare administrator for an actual non-profit clinic, home health agency, or outpatient surgery center. Your first task is to locate either the strategic plan for that organization or determine its strategic direction through the vision statement, mission/purpose statement, and strategic priorities/goals. You will also need to locate the audited financial statements for the organization.
Using the information from your research, develop a one-year operating budget for the chosen entity, which will include operating revenues and expenses. Include a 12 page document to justify the approach you use in constructing the operating budget with the strategic plan or strategic direction.
Upload the strategic plan or strategic direction and audited financial statements as an attachment or include the web link.
Complete your operating budget using Excel.
Support your work with at least 3 quality references, one being your course textbook.
The specific course learning outcome associated with this assignment is:
Develop a budget for a department within a healthcare organization.

 

Both employers and employees prize positive job attitudes. In fact, one theorist described the link between employee attitudes and job performance as the “Holy Grail” of organizational psychology (Landy, 1989). Research indicates that certain critical interpersonal and organizational factors influence employee attitudes (Heavey, Halliday, Gilbert, & Murphy, 2011; Kidwell & Valentine, 2009). Although that which affects one employee’s attitudes may not affect another’s, most I/O psychologists agree that attitudes affect organizational practices such as work attendance, work engagement, and interactions with co-workers.

To prepare: Review this week’s Learning Resources. Think about the critical factors including your own personal employee job attitudes in an organization with which you work or are familiar.

Post by Day 4 a brief introduction and a description of three critical factors that influence your job attitudes in your current organization or an organization with which you are familiar. Explain why these factors are critical. Then, describe the consequences of negative employee job attitudes in your selected organization. How might negative employee attitudes affect the organization as a whole? Next, suggest one strategy to foster positive employee attitudes within the selected organization and explain why it would be successful.

Be sure to support your postings and responses with specific references to the Learning Resources as well as additional peer-reviewed, scholarly resources.

Read a selection of your colleagues’ postings.

Respond by Day 6 to at least one of your colleagues’ postings in one or more of the following ways:

 

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