Discussion Post 1 – Deming

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Week 1 – Discussion 1

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Your initial discussion thread is due on Day 3 (Thursday) and you have until Day 7 (Monday) to respond to your classmates. Your grade will reflect both the quality of your initial post and the depth of your responses. Refer to the Discussion Forum Grading Rubric under the Settings icon above for guidance on how your discussion will be evaluated.

Customers [WLOs: 1, 2, 3] [CLO: 2]

Prior to beginning work on this discussion forum, watch the film W. Edwards Deming: Prophet Unheard, review Chapters 1 and 2 from the course textbook, and review the weekly lecture.

This is an image illustrating W. Edwards Deming’s famous 14 points for management. 1 Create Consistency of Purpose for Improvement; 2 Adopt the New Philosophy; 3 Eliminate Inspection to Achieve Quality, Require Evidence; 4 Work with One Supplier to Reduce Cost; 5 Continuous Improvement of Production; 6 On-the-Job training of Employees; 7 Initiate Leadership; 8 Drive Out Fear; 9 Remove Barriers between Individuals and Departments; 10 Eliminate Slogans; 11 No Quotas or Numerical Standards; 12 Remove the Barriers of Annual Ratings or Merit Systems; 13 Encourage Self-improvement and Education Programs; 14 Involve Everyone in the Transformation

 

The above is an image illustrating W. Edwards Deming’s famous 14 points for management. Select your organization, or an organization you know of, to complete the assignments in this course.  

In your discussion post,

  • Compare Deming’s definition of quality (a product or a service possesses quality if it helps somebody and enjoys a good and sustainable market) with the definition in Chapter 1.
  • Discuss the importance of quality.
  • Explain how the organization you have selected defines and applies quality.
  • Explain some of the organization’s practices used in managing human assets, and in sharing data and information with employees, customers, and suppliers.
  • Discuss how the organization aligns its business practices with key organizational objectives.
  • Describe how well the organization performs and whether the performance gives them a competitive advantage.

Guided Response: Respond to at least two of your fellow students’ posts in a substantive manner, and provide recommendations to extend their thinking. Support your position by using information from the week’s readings, examples from current events, and/or other scholarly or credible resources. Properly cite any references, if needed, according to the Writing Center’s resources APA: Citing Within Your Paper (Links to an external site.) and APA: Formatting Your References List (Links to an external site.).

 

W. Edwards Deming: Prophet Unheard – Video – Films On Demand (openathens.net)

Module 8 Assignment: Synthesis of Concepts: Organizational Behavior, Theory, and Design in Health Care

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Assignment Description:

Signature Assignment Description/Directions: Presentation

It is a healthcare manager’s responsibility to first determine the necessary activities to achieve the organization’s goals, followed by dividing the activities on a logical basis into departments that perform the specialized functions, and finally to implement the systems necessary to coordinate and control the activities and individuals who perform the tasks. This is a challenge considering all the variables that must be considered and evaluated—the environment, technology, strategies, processes, and so on. For this presentation, you will:

• Describe the five organizational parts of an organization and their significance to organizational design (6 slides)• Describe each element of the structural dimension, with examples, and how it relates to organization design (6 slides)• Discuss the relationships of the five organizational parts of an organization to simple, machine bureaucracy, professional bureaucracy, divisional, and adhocracy structural configurations (6 Slides)

This PowerPoint® (Microsoft Office) or Impress® (Open Office) presentation should be a minimum of 20 -22 slides, including a title and reference slide, with detailed speaker notes on content slides and recorded audio on the introduction and conclusion slides. Use at least four scholarly sources (texts used in this course and peer-reviewed journal articles) and make certain to review the module’s Signature Assignment Rubric before starting your presentation. This presentation is worth 400 points for quality content and presentation.

Pointers given by instructor on last ppt: “Not all citations are in APA format. Citations are needed on content slides and in notes where external information is being presented. Good content and consider adding images or graphics to your presentation.” “Your presentation was filled with information. Reduce the amount of content on slides. Citations needed on all content slides and in speaker notes.”

Discussion Post #8

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Module 8: Synthesis of Concepts: Organizational Behavior, Theory, and Design in Health Care

Discussion Question:

Please describe how the knowledge and skills that you have attained in this course will impact your nursing practice.

Content includes additional or novel points beyond the intent of the prompt. References are sufficient, scholarly in nature, and are formatted correctly in APA format.

MT480-Unit 8 Assignment

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In this assignment, you will be assessed based on the following Course Outcome:

MT480-6: Incorporate the combined attributes of debt and equity given a cost of capital model.

The concept of after-tax weighted average cost of capital (WACC) is a foundation when assessing cost of capital and investment options. The assignment will present the opportunity to assess a financing transaction and build upon your understanding of this cost of capital concept and demonstrate your ability to calculate the after-tax WACC.

Read the scenario and address the checklist items below. 

Scenario: You are an angel investor who has been approached by an entrepreneur to assess an investment opportunity.

An entrepreneur asks for $100,000 to purchase a diagnostic machine for a healthcare facility. The entrepreneur hopes to maintain as much equity in the company as possible, yet as the angel investor, you require the transaction to be financed with 60% debt and 40% equity.

As the angel investor, you assign a cost of equity of 16% and a cost of debt at 9%. Based on Year 1 sales projections, the entrepreneur assures you a return on investment (ROI) of 9%; conceptually this will cover the first year’s pretax cost of debt and allow for planned equity growth and a refinancing model for Year 2. You will use an after-tax weighted average cost of capital (AT- WACC) model, which includes the after-tax cost of debt and proportionate costs of debt versus equity. A 35% marginal tax rate is applied.

Address the following checklist items:

Checklist:

  • Explain the tax benefits of debt financing.
  • Calculate the AT-WACC with a 60% debt and 40% equity financing structure.
  • Apply the calculated AT-WACC to explain why this is or is not a viable investment for you as the angel investor.
  • Explain a financial restructuring AT-WACC (given changes to proportions of % debt versus % equity financing) that would create a positive ROI.
  • Explain why you as the angel investor would require more or less debt versus equity financing. Be sure to note the role of the Unified Commercial Code-1 (UCC-1) document in this transaction and the order of claim on assets in times of a bankruptcy.
  • Include a strong thesis statement, introduction, and conclusion. The main points of the response should be developed and explained clearly with appropriate financial and accounting terminology.

Directions for Submitting Your Assignment

Submit your response in a minimum of a 2-page APA formatted