Management high performance ip5 Essay Example | Topics and Well Written Essays - 250 words

Management high performance ip5 - Essay Example This is the second point that will be discussed in the meeting, which will take the form of explaining to the employees the demoralizing and demeaning effects of workplace hostilities on the employees (Simlin, 2006). The supervisor will explain the impact of the employee hostilities as a contributing factor to poor departmental performance, since the employees are demoralized by the hostility and made to feel unappreciated. This in turn lowers their enthusiasm and energy, making them less productive (Harold & Kumar, 2012). This is the third point that will be discussed by the supervisor, aimed at helping the employee understand the desired organizational values of the factory in relation to workplace ethics and cultural diversity. Such values make the factory employ workers from different religious and cultural background without discriminating (Rodriguez, 2006). The supervisor will explain the value of diversity within a workplace in enhancing productivity and performance. The supervisor will also explain the duty and responsibility of the employees to embrace the organizational values, and as such cease the hostilities (Simlin, 2006). Federal Communications Commission (FCC). (2009). Understanding Workplace Harassment: Workplace Harassment is a Form of Discrimination. Retrieved March 15, 2014 from

Project financing and risk management Essay Example | Topics and Well Written Essays - 3500 words

Project financing and risk management - Essay Example The risk teams work extremely hard to help to maintain the reputation as well as financial performance of the NCB Jamaica Ltd ? and also ensure that the bank functions responsibly and assists the business to grow in a meaningful and sustainable way. As corporate responsibility has turned out to be the ‘buzzword’ in the banking business, banks are being forced to enthusiastically engage in providing to sustainable development? given their intermediate position in the financial system. The primary objective of this study is to recognize various risks? particularly the strategic risks faced by the banking industry and how to mitigate them. Strategic risk take place from the inability of an institution to execute suitable business plans and strategies, resource allocation after making apt decisions and its incapability to adjust to the changes occurring in its business environment. It is very important for banks to be serious in improving, measuring and reporting their risks as well as goals and objectives of their organization? as they will ultimately be bound to fight on benchmarking with competitors. 2. Introduction and Background. Jamaica is the third major island in Caribbean. National Commercial Bank Jamaica Ltd. (NCB Jamaica) is Jamaica's major provider of the financial services with 37.5% marketplace share by assets of the profitable banking sector. NCB offers a wealth of financial services in the course of its network of 42 locations and more than 170 ABMs island wide. These services consist of savings accounts and chequing, facilities of the credit card, commercial and personal loans, insurance, and wealth management. National Commercial Bank Jamaica Limited, jointly with its subsidiaries, offers different financial banking and products and services primarily in Jamaica. â€Å"National Commercial Bank Jamaica Limited reported consolidated earnings results for the fourth quarter and year ended September 30, 2012. For the quarter, the company reported net profit of JMD 2,685,498,000 or JMD 1.10 per basic and diluted share compared to net profit of JMD 4,616,324,000 or JMD 1.87 per basic and diluted share a year ago†. http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=20357150 The First Caribbean International Bank is a major Caribbean banking unit with assets in excess of US $9.5 billion and it is the second major institution among public traded financial organizations in the area with a market capitalization of above US $2 billion. The fundamental strategic principle of NCB Jamaica philosophy includes taking into account the interest of the stakeholders, customers, employees and their satisfaction. Strategic risk is a function of: †¢ A bank’s strategic aims †¢ Strategies of business developed in order to accomplish the goals †¢ Resources set up in search of these aims and the superiority of implementation †¢ Resources required accomplishing both tangible and intangible business strategies It consists of channels for communication, delivery networks, managerial capacities and capabilities and operating systems. The internal characteristics of an organization must be assessed against the impact of competitive, technological, economic, and regulatory and the other environmental changes. Strategic risk may occur due to several factors. â€Å"The primary risk to inflation in the 2011/12 financial year is the exchange rate and the pass through effect on prices if there is accelerated depreciation.

Subject of Course Project Essay Example for Free

Subject of Course Project Essay In today competitive economy, we need information system in every aspect of the organization because Information systems help in decision making process in a cost effective way. Using technologies to discover, analyze and act in real time on the large volumes of data in research laboratories will be beneficial to the organizations. Every organization produces large amount of data and we need a system to contain it and extract information effectively. Databases management systems are design to ease difficulties in maintain complex information systems. An organization such as Mayo Clinic not only has the clinical heath care system but also has the larger department focuses on research and innovations. These types of organizations contain many different research laboratories that use different database system and technologies, bio specimens and produce many different results. This indicates that they have large valuable data yet missing a system that can link them together so that we can compare and contrast all the pertaining data out there. Business Problem Statement The core problem to be solved is inefficient database systems of each disconnected database systems to a system that can communicate many different databases with easy to pull information out of. Due to difference in needs of each research labs, it would be very unproductive to use one type of database for all the labs. However, we need a system that can communicate different databases and queries all the information quickly. Name of the Organization The name of the organization is Mayo Clinic. I want to specifically focus the issue of database system of research department and more specifically about the database system of the lab that I am currently working with. At my lab, we are currently using a Microsoft Access Database to store both clinical and laboratory information by saving in it the share folder for other team members to access. However, there is no tracking system in place and with multi users involve, we have no way of know who or where the information could be wrong. Many other labs also have issues with current databases that they are using due to limited user abilities, missing tracking in place, and waiting time for programmer to give us reports. General Benefits By building a system that can give both clinical information and research information help save time and money of the organization and employees. It will encourage more collaboration within the institutes. If we have information on the samples that other labs already worked on, we no longer need to waste resources to produce the same data by sharing the results. There will be more time for innovations by removing the repetitive experiments. This system can also help at finding more resources such as which labs are working on the similar samples or experiments thus increase collaboration either by exchanging samples or working on the ideas together. It is also important to point out the sharing contents will be control by the users to avoid conflict. A system that can communicate with other database can pull up information of the same patients without needing to re-enter them in many different databases will save time and employee can focus on different tasks. High Level Approach Building a database system will take hours of mapping connections and writing a program that can be customized by users. The best way is to have web base database systems for the labs which don’t have a good relational database yet. Then, build a system that can link the entire relational databases to talk to each other and pull out data. There is two ways we can build the system either by outsourcing or in-house program development. Another step is to find out which way is more cost effective with the time we need to have them ready. Also, it would be important to have a research server and a team to maintain the systems. Audience The needs of an effective research laboratories database system are obvious yet it is costly and time consuming to build one. All the principle investors need to be participating and build the system together and budget into their lab cost. Senior managements and mangers of the labs of Mayo Clinic need to know the importance and benefit of having central research database system.

The Interaction Between The Tangible And Intangible Economics Essay

The Interaction Between The Tangible And Intangible Economics Essay Introduction: Assets is one of the most controversial concept in financial accounting. The historical accounting scientist are trying to give a satisfactory definition of the assets, but so far, an authoritative, academics and practitioners are accepted definition, has not yet appeared. The resources formed from past transactions or events by enterprises owned or controlled, and the resource be expected to bring economic interests to enterprises which is called assets. Classified according to different criteria, assets can be divided into different categories. In accordance with the length of the consumption period, can be divided into current assets and long-term assets; according to the specific form, Long-term assets can also be further classified, according to whether the physical form, can be divided into tangible and intangible assets. Tangible Assets: Tangible Resources Financial: Firms cash account and cash equivalents Firms capacity to raise equity Firms borrowing capacity Physical: Modern plan and facilities Favorable manufacturing locations State of the art machinery and equipment Technological: Trade secrets Innovative production processes Patents copyrights trademarks Organizational: Effective strategic planning process Excellent evaluation and control systems Source: (Strategic Brand Management 2003) Assets that are relatively easy to identify are called tangible resources. they include the physical and financial assets that an organization uses to create value for its customers. Among them are financial resources (e.g.: a firms cash and accounts receivables as well as its ability to borrow funds) physical resources (e.g.: the companys plant equipment and machinery as well as its proximity to customers and suppliers): many firms are finding that hightech .computerized training has dual Benefits; it develops more effective employees and reduces cost at the same time ( J.B. 1991) A tangible asset is the physical form of assets, including fixed assets and current assets, tangible assets consist primarily of: housing, machinery, equipment, and other forms of assets. Narrow sense of tangible assets usually refers to fixed assets and liquidity. Generalized tangible asset including: funds, resources, products, equipment, apparatus, plant, personnel information, including all the factors of production. Generally speaking, the tangible asset is the assets of a certain kind of form. (Jobber. 2012) Existing assets to the specific material and product form, including the production of tangible assets and non-produced tangible assets. Production of tangible assets is the production activities to create assets; tangible non-produced assets are natural assets without production achieved. Production of tangible assets, including tangible fixed assets, inventory (stock) and precious items . Tangible fixed assets, that is including residential, houses and buildings, machinery and equipment, raw materials and supplies, on the move, that is finished goods, and resell the goods; Non-production of tangible assets include land resource, uncultivated biological resources and water resources.(Wilson. 2005) Tangible assets can be further divided into physical and financial assets. Physical asset is the value in use of the property or material. Financial asset is the currency and securities. The value of the tangible assets created by its physical nature, that is, given the value of tangible assets by tangible, physical and visual factors. The value of the tangible assets from its material characteristics, their property rights are intangible, but it comes from their material characteristics. Intangible Assets: Intangible Resources Human: Experience and capabilities of employees Trust Managerial skills Firm specific practices and procedures Innovation: Technical and scientific skills Innovation capacities Reputation; Brand name Reputation with customers for quality and reliability Reputation with suppliers for fairness, non-zero-sum relationships Source: (Strategic Brand Management 2003) Much more difficult for competitors and for that matter . A firms own managers to account for or imitate are intangible resources .which are typically embedded in unique routines and practices that have evolved and accumulated over time .these include human resources (e.g.; experience and capability of employees, trust ,effectiveness of work teams, managerial skills ),innovation resources (e.g., Technical and scientific expertise ,ideas and reputation resources (e.g.: brand name ,reputation with suppliers for fairness and with customers for reliability ,and product quality . a firms culture may also be a resource that provides competitive advantage. (.Barney.1991) Intangible assets refer to enterprises for the production of goods or rendering of services, for rental to others, or for administrative purposes and holds a long-term, non-monetary asset without physical form. Generalized intangible assets including financial assets, long-term equity investments, patents, trademarks, etc., because they do not have a material entity, but the performance of some kind of legal rights or technology. Intangible assets including patents, technology, brands, copyrights and royalties, the use of the land . Intangible assets can be divided into identifiable and non-identifiable intangible assets. Identifiable intangible assets, that is including patents, proprietary technology, brands, land use rights and concessions,. Intangible assets following conditions are satisfied at the same time, in order to be recognized .The intangible assets related to the economic benefits are likely to flow to the enterprise; the cost of the intangible asset can be measured reliably.( Ghemawat.1991) Role of intangible Assets ¼Ã… ¡ Use of intangible assets as security for loans (such as trademarks, patents, copyrights, equity pledge registration as security for loans), commercial registration, increase investment, equity participation, shareholders funded immaterial property, license to use, transfer, lease contract, liquidation auction; Increase brand awareness, show the strength of enterprises, enhance cohesion, brand image ¼Ã¢â‚¬ º(Jorissen. 2007) The enterprises operating intangible assets with international standards, and then enter the international market Protection of intellectual property rights claims is based requires companies to crack down on counterfeit products, infringement and litigation .Through the evaluation of Intangible assets, the business of the inventory can be completed ¼Ã…’ to provide the management information to operators thus reasonable allocation of resources. Project financing, joint venture, merger, acquisition, attract investment, investment in intangible assets, investment, Intangible assets is the core attraction of foreign investment such as commercial brand, corporate profitability, sales, channels, personnel , etc. Intangible assets capital to invest in shares can bring many benefits for the enterprise. First of all, can ease the difficulties of registered capital and increase investment. Some people want to start a business, because of lack of funds to run the new company, can use intangible assets as part of the of registered capital to be registered, especially in some high-tech enterprise, especially; The number of enterprises registered capital is too low, giving the marketing difficulties, want to increase the registered capital, but the lack of funds, then can use the immaterial property investment shares to overcome this difficulty.( Gregory 2003) In the era of the industrial economy, the economic growth is mainly dependent on the plant, equipment, funds, and in the era of knowledge economy, patents, proprietary technology, trademarks, goodwill, information, computer software and other Intangible assets of innovation and sustainable development of economic growth play a decisive role. Intangible assets unlike land, buildings, machinery and equipment as a specific physical form in front of people, but in the era of knowledge economy, it does play a role can not be ignored for the sustainable development of enterprises. In the era of knowledge economy, the process of economic globalization in further exacerbated, it should be recognized that there is a process of continuous improvement of the status and role of intangible assets, when the increasingly competitive market, the more complex the business activities, intangible assets continues to increase, while its status and role of the more trend in the core, so that the number of high-tech enterprises are facing the danger instance to be suspended because of the loss of Intangible assets and can not sell their products.( Wilson, D. 2005) Role of intangible assets in Fast-paced Technology Market: In the day-to-day purchasing behavior, will you confused with a wide variety, all kinds of brand? And do not know how to make your decisions? What are the determinists to help you to choose goods finally? Of course, we want to buy the most cost-effective products, imagine that, we can not get them to try one by one, we will proceed from experience to choose reputable manufacturers and the well-known brands. In our selection process, in fact these Intangible assets play a role in the process. It has a strong appeal and influence, sometimes forcing us to make not entirely rational choice, wonderful role of the brand is to be able to win the goodwill of consumers to obtain the trust of consumers, which products sold, win opportunities to make goods in an invincible position in the competition for a long time.( Riezebos.2003) In the context of the era of knowledge economy, the value of Intangible assets can be much higher than the tangible assets, because the value of the tangible assets, after all is limited, while the value of Intangible assets can be unlimited200 brand value rankings released by the United States in November 2003, Coca-Cola topped the brand value of up to $ 70.45 billion, which strong value of intangible assets is evident. No wonder the boss of the Coca-Cola Company said: Even now, all the property of the Coca-Cola was burned, we still can dominate the world with this brand again. This is the brands equity and also is the power of intangible assets. This kind of self-confidence and competitive advantage also reflected in other international brands. For example, Intangible assets and tangible assets ratio of 70% versus 30% respectively in the world famous Microsoft, It can be predicted that the proportion of Intangible assets will continue to expand in the future of the companys new as sets. The United States has been able to occupy a dominant position for a long in the world, relying on its powerful economic force, In fact, that is expanding the tremendous power of intangible assets which included in enterprises and products. (Saudagaran. 2001) Intangible assets growth with the support of modern marketing tools and modern technology means, its speed can be much higher than the growth of the tangible assets of the enterprise, which means giving enterprises more excess profits. Let us look at the following data: In the high-tech is widely used in the United States, the research and development expenses of non-financial firms as a percentage of GDP, rose from an average of 2.2% in 1980-1989 to an average of 2.9% in 1990-1997, The proportion of investment in the world in tangible assets fell to 14.1%. At the same time, the S P500 index reflects the market value of the main American. The companies index from 135.76 points in 1980 raised to 1342.62 points on November 20, 2000, an increase of nearly 1O times. This shows that intangible assets play an increasingly important role in the creation of enterprise value. The interaction between the tangible and intangible assets: In addition, activate tangible assets with intangible assets, is the best way for low-cost expansion, the greatest advantage is to avoid repeated investment and redundant development. It is crucial for the adjustment of economic structure, promote the virtuous circle of the whole national economy. Haier as the number one of Chinese home appliance brand, one of the features of the expansion is to make an activation of tangible assets with intangible assets, which is written into textbook as classic case of Harvard Business School. (Itami..1987) Before Haier mergers Qingdao Red Star Electric Appliance Factory, total assets of 400 million Yuan, while total liabilities amounted over to 500 million, 133 million insolvent, and the debt ratio up to 140%. After taken over by Haier Group, it was reorganized as Haier Washing Machine Corporation, and directed to employees with a series of management concepts, these ideas like an invisible hand united the almost defeated team and elevated to an orderly, self-discipline, quick job status, burst out of powerful life and been enable enterprises to gain the extraordinary development: made up the deficits and get surpluses in three months, profit $ 1.5 million in the fifth month, passed certification of the IS09001 international quality system in the Second year, won Chinese washing machine Top 10 Brands, consumers shopping preferred brand, etc; market share has risen to 22% of 100 large shopping malls in the country at the end of 1996, It rose to 28.31% the first half of 1997, five percen tage higher than the second. The International market share is far ahead of other brand in China, the number of Automatic washing machines exported to Japan has been accounted 95% of total exports, accounting of 61% total imports of Japan; On this basis, Haier Washing machine merger the Guangdong Shunde washing machine factory again as an investment holding company brand in May 1997, after that set up Shunde Haier Electric Company and resume production within two months, created people are even saying so terrible Haier speed; September 1997 in cooperation with West Lake in Hangzhou, Haier take advantage of value of intangible assets, set up the Haier Holdings Electric Company Hangzhou without invest a penny and successfully developed a series of TV with Haier brand. (Field, A . 2005) In June 2001, the Haier Groups acquired global line of credit of 300 million U.S. dollars from the Bank of China, This is the bank of China the first and the only time to give China enterprise a global credit in China. With the global credit of Bank of China, Haier financing approval procedures will be greatly simplified, the domestic and foreign investment projects within 300 million US dollars will be more rapid and timely service; In addition, the Bank of China branches and agencies around the world will give Haier Group worldwide localization financing to facilitate. Haier brand value there are 74.9 billion Yuan in 2006, equivalent to nearly $ 10 billion. The value created by a brand is far beyond than several generation of peoples hard work. Haier could not successfully obtain such wholesale funding without such huge brand effect of Haier. Trends of Intangible assets: Intangible assets can bring huge profits for the enterprise, profit has a powerful allure and penetrating power, right here only cited one case to illustrate this. Lets look at the World Brand Lab recently announced 2008 World Brand 500: Harvard University ranked first; Coca-Cola second in the world; Citibank ranked third in the world; Google ranked fourth; Mercedes-Benz the worlds fifth; Wal-Mart the world rankings sixth; Microsoft the world ranked seventh; McDonald ranked eighth in the world; International business opportunities ranked ninth in the world; Apple Computer the worlds tenth. These world-class brands, its brand value is amazing, Coca-Cola reached $ 55 billion, the highest IBM brand value of $ 59 billion, Googles $ 25.5 billion in 2005 alone. (Selam Nuri 2012). With the extensive use of knowledge, technology and information in the social production and life, the human social economic form gradually changed from the agricultural and industrial to knowledge industries. (Gu. F. and Lev, B .2002).The 21st century is the era of the knowledge economy (Knowledge Economy), the knowledge economy is an economic form based on knowledge resources, its significant characteristics: Knowledge intensive technology as the foundation of the knowledge industry or new and high technology industries, has become the core of the entire industry, it is the major driving force for a country to obtain a long-term competitive advantage and sustainable socio-economic growth boosters. The arrival of the knowledge economy is a result of the development of high-tech industries, on preliminary information developed countries in the world, their computers, electronics, and aerospace and other high-tech industrial output and employment growth is the fastest. High-tech enter prise intangible assets accounted is bigger for the proportion of total assets in comparison with the traditional enterprise The high-tech enterprises are typical of knowledge and intellectual support enterprises, it has a high quality of intangible assets as a prerequisite, rich in scientific and technological content of its products are technically complex, a high degree of innovation, the short lifetime of the product guide the demand characteristics. Currently, many U.S. high technology enterprise intangible assets has more than 60% of total assets. In the Microsoft does not have raw materials, plant and equipment on a large scale, It has a main resource is the wisdom of the people, have the product is in the floppy disk and the floppy disk that contains knowledge. Although Microsoft does not have the characteristics of the traditional large enterprises on the surface, but its enterprise value is more than General Motors Corporation in the United States and other giant enterprises, become a truly high-tech industry giant, the only one reason is that Microsoft has a huge amount of intangible assets. The economic benefits of Knowledge which created by intangible assets has constituted the main body of the economic benefits of high-tech enterprises. In summary, there is no new and high technology enterprise without these invisible assets. (Gunnar Hedlund.2012.) Conclusion: The assets are the most important economic resources of an enterprise. Under conventional economic conditions, tangible assets relative to intangible assets in a more scarce position, the knowledge contained in the companys products and technology content is not high, the core position in the competition tangible assets rather than intangible assets; In the era of knowledge economy, the role and status of intangible assets is rising, intangible assets play an increasingly important role in the economic development, competition among enterprises has evolved into a competition intangible assets such as knowledge, technology, management ability and innovation ability. Intangible assets of the enterprise is becoming a key element in the survival and development of enterprises, it is an important value source of enterprise. Especially in the high-tech enterprises, the crystallization of the knowledge and wisdom of the patent, patented technology, goodwill, trademarks, research and develop ment, franchise and other intangible assets have gradually become the most important resource instead of tangible assets. For science and technology as the core of the high-tech enterprises, its asset structure is different from the general characteristics of enterprises that intangible assets in a larger proportion of total assets, in other words, value creation of high-tech enterprises will mainly depend on intangible assets, thereby intangible assets has a more important meaning in the high-tech enterprises.( Keller.2003) A large number of foreign findings show that: the intangible assets of the value of the enterprise to create an important role and can make a significant contribution; there is a strong correlation between the value of intangible assets and the companys market; intangible assets information disclosure status will affect the development of the capital market, the investors investment income and business growth. Be seen from the above: intangible assets so important for businesses; this trend has been vividly interpreted by Larry Wright whos the famous Brand strategy experts in American. Owns the market more important than having the factory, and the only way to have a market is to have the brand as intangible as the core which is dominant in the market.

Cognitive Behavioral Therapy Essay -- Psychology, Rational Behavioral

Brief history of the theory and theorist. In it's simplest form, Cognitive Behavioral Therapy, (or CBT as it will be referred to from here on out), refers to the approach of changing dysfunctional behaviors and thoughts to realistic and healthy ones. CBT encompasses several types of therapy focusing on the impact of an individual's thinking as it relates to expressed behaviors. Such models include rational emotive therapy (RET), rational emotive behavioral therapy (REBT), behavior therapy (BT), Rational Behavior Therapy (RBT), Schema Focused Therapy, Cognitive therapy (CT). Most recently a few other variations have been linked to CBT such as acceptance and commitment therapy (ACT), dialectic behavioral therapy (DBT), and Mindfulness-Based Cognitive Therapy (MBCT) (Harrington and Pickles, 2009). The main aspect that all of these branches of therapy share, is that our thoughts relate to our external behaviors. External events and individuals do not cause the negative thoughts or feelings, but, instead the perception of events and situations is the root cause (National Association of Cognitive Behavioral Therapists, 2010). The idea of thoughts as they connect to behaviors can be traced back to Epictetus (55 AD -135 AD , Greek Stoic and Philosopher). He stated, â€Å"Men are not disturbed by things, but by the view which they take of them (Epictetus and Higgonson, 1944). Epictetus also wrote, â€Å"Do not strive for things occurring to occur as you wish, but wish things occurring as they occur, and you will flow well (Epictetus and Lebell, 1994).† In other words, see things for what they really are and good health will follow (Romaneck, 2007).† Another belief was that a sage or teacher was immune to unhappiness and misf... ...cur via story, instruction or through music enhancement (Deggs & Davis, 49. 2011). Homework for CBT clients may include reading suggested articles or books, taking surveys, journaling, recording thoughts and challenging negative automatic thoughts, creating timetables and graded exposures (slowing bringing feared items to the forefront). Guided discovery, structured sessions, homework and collaboration. Socratic reasoning/questioning (open questioning). Challenging NATS (Negative Automatic Thoughts), challenging core beliefs. ERP (exposure and response prevention). Cognitive behavioral therapy uses the ABC model. A stands for action or activating event, B represents beliefs or thoughts that are created from the activating event, and C represents consequences or how we react to the event. Homework is a key component of this therapy.

Anti-kickback Implications of a Retail Medical Center (RMC) Essay

During the last two decades the health delivery system has been revolutionized. Many patients no longer visit the traditional medical facility system but choose to visit RMCs to receive limited medical care. The new phenomena are known as RMCs and are a new delivery service for health-care services. As far back as 1995, Newt Gingrich predicted that patients would â€Å"go to Canada or Wal-Mart.† For example, retail medical clinics appear in pharmacies, grocery stores, and big-box retailers like Wal-Mart, offering basic health care services. Furthermore, retail stores have joined in the health-care fray in an effort to increase sales in the retail stores either through increased pharmacy sales or as an increased traffic in other areas of the stores. By establishing the medical clinics in retails stores, it allows the patient to experience more efficiency with the delivery of medical services. For example, when I have cold or flu symptoms, I make a quick trip to the ret ail clinic and see the Nurse Practitioner within fifteen minutes rather than spending hour visiting the traditional clinic in the Houston Medical Center. Patients could spend an hour or two in visiting the traditional doctor while a trip to the retail medical clinic could spend as little as fifteen minutes waiting for their appointment. Additionally, during the time that the patient is visiting the retail medical clinic, the one could shop for other items within the store such as groceries or soft goods thus increasing the efficiency of medical visits. In some cases, the retail centers are even providing an electronic device to notify the patient when the medical representative is available to see the patient. Facts: Ready Clinic (â€Å"The Company†) will create a... ...f the anti-kickback statute. First, a requestor may not use a hypothetical situation as the basis of their advisory opinion; therefore, Ready Care must indicate that the coupon practice will be a practice that they seek to put in place. Seeking an advisory opinion should be used judiciously, as the process is quite lengthy and may be very expensive due to the legal costs. The company’s operations could be exposed to more scrutiny by their request for a ruling. Furthermore, a ruling should not be sought where the law is unambiguous. In the case of the coupon, the law does not appear to be ambiguous. Additionally, although the OIG has stated that the fact that an advisory opinion does not qualify for a safe harbor or receive a favorable treatment by the OIG, a negative ruling does not indicate that the anti-kickback statute has been violated. Anti-kickback Implications of a Retail Medical Center (RMC) Essay During the last two decades the health delivery system has been revolutionized. Many patients no longer visit the traditional medical facility system but choose to visit RMCs to receive limited medical care. The new phenomena are known as RMCs and are a new delivery service for health-care services. As far back as 1995, Newt Gingrich predicted that patients would â€Å"go to Canada or Wal-Mart.† For example, retail medical clinics appear in pharmacies, grocery stores, and big-box retailers like Wal-Mart, offering basic health care services. Furthermore, retail stores have joined in the health-care fray in an effort to increase sales in the retail stores either through increased pharmacy sales or as an increased traffic in other areas of the stores. By establishing the medical clinics in retails stores, it allows the patient to experience more efficiency with the delivery of medical services. For example, when I have cold or flu symptoms, I make a quick trip to the ret ail clinic and see the Nurse Practitioner within fifteen minutes rather than spending hour visiting the traditional clinic in the Houston Medical Center. Patients could spend an hour or two in visiting the traditional doctor while a trip to the retail medical clinic could spend as little as fifteen minutes waiting for their appointment. Additionally, during the time that the patient is visiting the retail medical clinic, the one could shop for other items within the store such as groceries or soft goods thus increasing the efficiency of medical visits. In some cases, the retail centers are even providing an electronic device to notify the patient when the medical representative is available to see the patient. Facts: Ready Clinic (â€Å"The Company†) will create a... ...f the anti-kickback statute. First, a requestor may not use a hypothetical situation as the basis of their advisory opinion; therefore, Ready Care must indicate that the coupon practice will be a practice that they seek to put in place. Seeking an advisory opinion should be used judiciously, as the process is quite lengthy and may be very expensive due to the legal costs. The company’s operations could be exposed to more scrutiny by their request for a ruling. Furthermore, a ruling should not be sought where the law is unambiguous. In the case of the coupon, the law does not appear to be ambiguous. Additionally, although the OIG has stated that the fact that an advisory opinion does not qualify for a safe harbor or receive a favorable treatment by the OIG, a negative ruling does not indicate that the anti-kickback statute has been violated.

Evaluation of International Investment Location Essay

We are an International car components manufacturing company located in Australia. We are seeking for investment opportunities in the automotive sector in attractive international markets. For this purpose our syndicate has short listed two countries viz. China and India. This report provides detailed analysis of the two countries in terms of the political and economic environments in addition to the competitive factors in the automotive sector. Political factors Political environment in an economy has a very strong influence on the investment decisions in that country. There are various political factors which affect investment decision such as environmental regulations and protection, tax policies, international trade regulations and restrictions, contract enforcement law, consumer protection, employment laws, government organization and its attitude towards investment, competition regulation, safety regulations etc†¦ The following table shows a comparison between the political factors in between the two countries. (The ranking is given by â€Å"doingbusiness. org† which is a part of the World Bank group) Starting a business is relatively easier in India which requires 13 procedures to be completed and it takes around a month to complete these procedures. In China there are 14 procedures to be completed to start a new business which require 40 days. Dealing with construction permits is a difficult process in China. There are 37 processes to be completed to get the construction permits and it takes around 336 days to complete all those processes. However in India, there are only 20 processes that need to be completed which can be completed in around 224 days. Though employing workers in China is not as much a difficult affair today as compared to the situation in 2008, the condition in India is much better compared to China. Hiring is a very easy affair in India as compared to China however firing could be much difficult in the Indian environment as compared to the Chinese environment. Registering property in India is a difficult affair as compared to China. While China ranks 30th in terms of ease of registering property, India’s rank has dropped down to 114 in 2009 from 105 in 2008. Getting credit in India is relatively easier as compared to China. The â€Å"doingbusiness. org† ranking in the â€Å"protecting investors† category for China is more than double the ranking of India. This indicates that the protection of the interests of the investors is given much more importance in India than in China. The ease with which taxes could be paid in China has been improved a lot in 2009 as compared to 2008. However it has remained unaltered in India. The Chinese government encourages trading across borders and hence it is much easier to do international trading in China than in India. Enforcing contracts is a very difficult affair in India as compared to China. In India there are around 46 procedures to be completed and it takes around 180 days to complete all those procedures however in China there are only34 procedures which can be completed which could be done in a span of 18 days. Closing a business is a difficult affair in India as compared to China. It takes are around 10 years to close down a business in India as compared to a mere 1. 7 years in case of China. Given the rapid transformations in their economies, the Chinese and Indian governments are still trying to determine whether and how to differentiate between domestic and foreign enterprises and what types of policies to adopt for each category of firm. For example, China’s new enterprise income tax law eliminates the tax advantages that foreign enterprises historically enjoyed over domestic ones, and a new antimonopoly law may put fresh restrictions on acquisitions within China by foreign firms. Meanwhile in India, the government is often ruled by a coalition of widely disparate partners, populated by incumbents who almost always lose in the next election†¦ Economic instability is another concern. From early 2007 to early 2008, manufacturing costs in southern China, where many mul ¬tinationals have set up shop, have increased by as much as 40 percent. A rapid increase in the cost of raw materials and energy as well as new labor laws and environmental regulations are the chief reasons. India’s labor costs have thus far been relatively stable. (Gupta, Wang 2009) Thus there is political risk involved in both the countries. However many consider that the India’s soft attributes, such as a democratic government and a free press pose a lesser long term threat than China’s Hard aspects such as a communist government with a restricted freedom for the press. Both China and India are on the same path of globalization. Both the countries have liberalized their economies and opened the doors of their economies to foreign investments. While China was autarkic in its pre-reform period, India had a highly regulated economy with heavy restrictions on the private investments. However, the economic reforms have made China more capitalistic in nature and India has opened up its economy for private investors.