Introduction: For your project in this unit, you will be developing what is known as a strategic management action plan (MAP). When all the strategic planning is done, it is time for management action planning based upon our strategies. This is where many healthcare organizations of all types fall short. The same level of effort that went into creating the strategic plan needs to continue as we take action, measure progress, and reassess over time. Management action planning is a step-by-step approach developed to help healthcare leaders plan the action steps that will lead to positive change for our organizations. 

The strategic plan sets the direction for us, and our MAPs get the work done, turning strategy into reality. Developing a MAP is a six-step process, and you will actually be practicing this MAP process as you create your project. Refer to the steps in your textbook for guidance. Some suggested MAP topics are provided here, and you are certainly free to propose your own topic. Perhaps you will choose something that truly needs to be addressed in your own organization. You may even find the MAP to be a valuable tool as you lead your own organization.

Suggested health care subjects include the topics listed below. Please select one of these topics, or a topic of your own choosing. Focus on identified problems and improvement opportunities, key issues for planning, and implementation via your MAP components.

Nursing Recruitment and Retention in Health Care

Continuing Education Challenges

Patient Care Technology

Staff Safety on Duty

Patient Safety in Hospitals

Stakeholder Relationships

Community Education Programs

Disaster Preparedness

Medical Director Involvement

Quality Improvement Program for Health Care

Patient Satisfaction

Rural Health Issues

Funding for Hospital Programs

Neonatal/Pediatric Services 

Your project should be a minimum of three to four pages in length and should include a cover page and reference page (cover and reference pages do not count toward the minimum page requirement). You need to include at least one graph, table, or chart to identify, analyze, and interpret your data for key issues concerning your MAP components. Also, show how this information and technology supports your MAP components. To supplement your MAP, you should include at least four sources, one should be from the CSU Online Library, and you can include your textbook. References and citations must be provided using APA style. All sources used must be referenced; paraphrased and quoted material must have accompanying citations. 

 

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  Before  starting this activity, review the Week 8 LEARN (e-Activity) and read  Chapter 10 in the course text book. Doing this will give you the why to  include in your response to the following:

Innovation Applied

Read Chapter 13 Strategic Entrepreneurship and review the Learn video/lecture, then respond to the following:

• Analyze  the different approaches to innovation discussed in this chapter to  determine which approach you think would be the greatest value to the  greatest number of organizations. Explain your rationale. 
• Create  one innovative approach that is not discussed in the textbook for  increasing the amount of innovation within a large company. Describe  this approach in detail and explain how companies could benefit from it. 

 

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Part 1

1. What is a “one time charge” and how is it used in accounting

1. Define the “art of accounting and finance”

1. When should revenue be recorded on the company books?

1. What does the Income Statement show?

1. What are operating expenses?

1. How did Xerox play the revenue recognition game?

1. Define the term “capital expenditures”

1. Which company incorrectly reported capital expenditures?

1. Define the term “accruals.

1. Define the term “allocation”

1. Give an example of the accounting process “allocation”

1. . Define the term “depreciation”.

1. Which industry changed depreciation methods resulting in increasing profits?

1. Describe the “dot-com boom” and how company valuations resulted in negative consequences.

1. Define the term “Goodwill”

1. Identify two ways that WorldCom “cooked the books”

1. Why would the finance department tell you not to spend any money even though the company is profitable?

1. Explain how cash in the bank and profit are different.

1. Define GAAP and identify it’s purpose.

1. Why does GAAP matter?

1. What is a 10-Q and a 10-K?

1. Which government agency controls publicly traded companies?

 

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Use the Internet or Strayer Library to research articles on hypothesis test and its application in business. Select one (1) company or organization which utilized hypothesis test technique for its business process (e.g., whether or not providing flexible work hours improve employee productivity.) Give your opinion as to whether or not the utilization of such a technique improved business process for the selected company or organization. Justify your response.

• Select one (1) project from your working or educational environment that you would use the hypothesis test technique. Next, propose the hypothesis structure (e.g., the null hypothesis, data collection process, confidence interval, test statistics, reject or not reject the decision, etc.) for the business process of the selected project. Provide a rationale for your response.

 

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In this portion of your report you will research the annual report of your chosen company and begin to formulate an opinion of the current overall financial health of the company and its health in the recent past. You will the information from Walmart’s annual reports to analyze the company’s current and recent financial condition and complete the content within this section.

· Using the financial reports of Walmart, evaluate the financial performance of the company by creating a complete financial statement review.

· Review all three accounting statements (Balance Sheets, Cash Flow Statements, and Income Statement) and compare each of these statements to statements for the previous three years. – Documents can be found in a recent annual report, in the company’s 10K filing, or on the U.S. Securities and exchange Commission EDGAR database https://www.sec.gov/edgar/searchedgar/companysearch.html

o Describe any positive or negative trends that emerge from the accounting statement data and comparisons, providing a detailed explanation of the factors that lead to these trends. (is there anything that is unique to Walmart that indicates positive or negative trends?)

o Assess potential weaknesses in the financial statements for your company.

· Take a look at their competitor Target. How do they compare to your findings on Walmart

· Must be two to three double-spaced pages in length (not including title and references pages) and formatted according to APA style.

· Must use at least two industry or scholarly sources in addition to the course text.

 

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