I need a 400 words essay about information management Business Finance Assignment Help

In this module’s case assignment you will be introduced to the balanced scorecard concept and will begin to consider how organizations link strategy with the balanced scorecard approach. We will look at the interrelationship of strategy and the balanced scorecard approach in more depth later on in this course. For now, however, it is good to understand the fundamentals of the BSC and to consider examples of how organizations have integrated the BSC approach into their daily operations in a fashion that reflects the strategy of the respective organizations.

To prepare for this case assignment you are to start by reading the required readings identified on the background page. You’ll note that one of those articles includes:

Martello, M., Watson, J., & Fischer, M. (2008). Implementing a balanced scorecard in a not-for-profit organization. Journal of Business & Economics Research. 6(9), 67-80. Retrieved fromhttp://journals.cluteonline.com/index.php/JBER/article/view/2471/2517

This is the case study you will be evaluating for this assignment. Note that there is an option to download the PDF file rather than using the PDF viewer on this page. This may save you some aggravation.

After reading this article, formulate an argumentative essay around the following thesis statement:

Cattaraugus County Rehabilitation Center did an effective job of implementing a balanced scorecard approach in a fashion that reflects their organizational mission and vision.

 If you do not think this thesis is accurate, you can argue that the Center did not do an effective job.

Assignment Expectations

Your analysis should be structured in terms of the following four perspectives (you will be using essentially this same comparative evaluation framework for the first four modules of this course):

Introduction: In this part of your essay you will need to set up your argument by introducing your topic and presenting your position or thesis statement somewhere in this introductory paragraph.

Analysis: In this section you will present several arguments arguing in favor of your thesis statement. Make sure you discuss how the Center used the score card quadrants to align with organizational strategy (or how it failed to do so).

Conclusion: Wrap up your argument with a clear and cogent synopsis of your findings. Do your best to convince your reader (aka, your professor) as to your position.

Additional Instructions: Your argumentative essay should be 3 to 4 pages in length (not counting your title page or references). You must include a list of references. APA formatting is preferred. Do not paste in sections of text into your essay. All of your work must be written in your own words. It’s OK to use a short quote now and again, but quotations must be in quotation marks and properly cited. In-text citations should be used anytime you are borrowing somebody else’s ideas, or information. That is to say, if you are borrowing a thought from a publication from G. Jetson’s article written in 2010, that section of text must be followed with (Jetson, 2010). Quotations, data, and general ideas (put into your own words) should all be cited.

Please read the Introduction and Chapters 1-3 of: 

MacKay, A. (2004). A practitioner’s guide to the balanced scorecard: A practitioners’ report based on: ‘Shareholder and stakeholder approaches to strategic performance measurement using the balanced scorecard’. Chartered Institute of Management Accountants. Retrieved from http://www.cimaglobal.com/Documents/Thought_leadership _docs/tech_resrep_a_practitioners_guide_to_the_balanced _scorecard_2005.pdf

Please read Chapter 1 of: 

Murby, L., & Gould, S. (2005). Effective performance management with the balanced scorecard: Technical report. Chartered Institute of Management Accountants. Retrieved fromhttp://www.cimaglobal.com/Documents/ImportedDocuments/Tech_rept_Effective_Performance_Mgt_with_Balanced_Scd_July_2005.pdf

Also review the following to re-familiarize yourself with the concept of mission and vision as they relate to strategy: 

Robin, D. (n.d.). Vision, Mission and Values: Management Tools for Building a Better Workplace.Daniel Robin & Associates. Retrieved from http://www.abetterworkplace.com/developing-the-organization-and-the-people-in-it/

The case assignment article can be found at:

Martello, M., Watson, J., & Fischer, M. (2008). Implementing a balanced scorecard in a not-for-profit organization. Journal of Business & Economics Research. 6(9), 67-80. Retrieved from:http://journals.cluteonline.com/index.php/JBER/article/ view/2471/2517 

This web article will be helpful for your SLP. 

Niven, P. (n.d.). Financial perspective. EPM Review. Retrieved from http://www.epmreview.com/resources/articles/item/84-financial-perspective.html

OPTIONAL READING:

Balanced scorecard initiative: Guidelines for building a BSC (n.d.). American University of Beirut. Retrieved from http://www.aub.edu.lb/osm/scorecards/Documents/guidelines_for_building_a_bsc.pdf 

Averson, P. (1998). What is the balanced scorecard? Balanced Scorecard Institute, a Strategy Management Group company. Retrieved from https://www.balancedscorecard.org/BSCResources/AbouttheBalancedScorecard/tabid/55/Default.aspx 

Measurements for success (n.d.). Retrieved from http://www.mystrategicplan.com/strategic-planning-topics/balanced-scorecard.shtml 

The business vision and company mission statements (n.d.). QuickMBA. Retrieved from http://www.quickmba.com/strategy/vision/ 

Sharma, P. (n.d.). Measuring business strategy through balanced scorecard. Retrieved fromhttp://www.scribd.com/doc/5032771/Balanced-Scorecardfinancial-perspective

Case study of a healthcare organization financial health:

Assume the following information
about projected cost and charges for a hospital in 2016:

· 
Fixed Costs = $10,000,000

· 
Variable Cost per Inpatient Day =
$200

· 
Charge per Inpatient Day = $1,000.

· 
Initial Volume of 15,000 Inpatient Days

Review
Nowicki Chapter 6 and Gapenski Chapter 5. From what you have learned in
these chapters do the following:

1. 
Define the contribution margin? What
is its economic meaning?

2. 
What is the contribution margin of
this base case?

3. 
Construct the hospital’s base case
projected Profit & Loss statement

4. 
Break even analysis:

a. 
What is the hospital’s breakeven
point in unit (volume)? Show your work.  Interpret
the result. (Suppose you need to explain to a health services manager)

b. 
What is the hospital’s breakeven point
in dollar? Show your work. Interpret the result. (Suppose you need to explain
to a health services manager)

c. 
Yes or No. Will the hospital get
profit if it operates in a volume higher than this breakeven point?

5. 
What volume is required to provide a
profit of $1 million? Show your work.

6. 
What volume is required to provide a
profit of $500,000? Show your work.

7. 
Now assume this is a for-profit
hospital and the hospital must pay taxes at a 25% rate based on the profit.
What volume is required to provide an after-tax profit of $300,000? Show your
work.

8. 
Back to the base case. Now assume
that 20% of the hospital’s inpatient days come from a managed care plan that
wants a 25% discount from charges.

a. 
Construct the P&L statement if
the hospital accepts the discount.

b. 
Should the hospital agree to the
discounted proposal? Why?

9. 
Back to the base case. Now assume this
hospital has a sole payer, an HMO, which proposes an annual capitation payment
of $200 for each of its 75,000 members for the inpatient stays. Past experience
indicates the population served will average 0.2 inpatient days per year.

a. 
What will be the total revenue on
this contract?

b. 
What will be the expected annual
inpatient days?

c. 
Construct the hospitals P&L
statement on this contract.

d. 
What is the hospital’s breakeven
point (volume) on this contract? Show your work. Interpret the result. (Suppose
you need to explain to a health services manager)

e. 
Yes or No. Will the hospital get
profit if it operates in a volume higher than this breakeven point?

Please add a cover page for this
assignment with your name, class/section and instructor’s name.

QUESTIONS THAT NEED TO BE ANSWERED

Describe an area in your own life that you believe requires certain virtues in order to do well.  This might be an occupation, an activity or hobby, a role you play (mother, friend, husband, mentor, etc.), and so on.  Explain what this is, and what the “telos” of this kind of thing is; in other words, what is the purpose of this area of life, and would it mean to flourish and do well in it?  Are there things people pursue in this area that are not part of the true telos?  Finally, what are the virtues that one must have in order to flourish and do well in this area of life?  What are some vices that get in the way?  Your answers to these questions should include evidence from this week’s readings and media. 

QUESTIONS THAT NEED TO BE ANSWERED

What are 2 virtues that you believe are important to living a flourishing or successful life in either Aristotle’s sense?  Explain what goods in human life these virtues enable their possessor to fulfill.  Provide examples of characteristic behavior that manifests these virtues, and contrast that with behavior that displays a lack of virtue.  Do your examples confirm Aristotle’s view that a virtue is a mean between extremes of excess and defect?  If so, explain what those extremes are; if not, explain why.  Refer to this week’s readings and media to illustrate and support your claims.  

Text

• MacIntyre, A. (1984). After virtue. Notre Dame, IN: University of Notre Dame Press.
  • This article is found in the Chapter 6 Readings section in the Appendix of your primary text. This work was largely responsible for reviving interest in Aristotelian or virtue conceptions of ethics, and includes a powerful critique of modern moral philosophy and contemporary culture. Chapters 14 and 15 discuss the importance of the virtues for attaining certain goods internal to “practices,” and which are a core feature of a flourishing life, the importance of virtue for a “narrative unity” to one’s life, and the place that tradition has in our understanding of how to live well.

Articles

• Hursthouse, R. (2012). Virtue ethics. In E. Zalta (Ed.), The Stanford Encyclopedia of Philosophy. Retrieved from http://plato.stanford.edu/entries/ethics-virtue/

  • This resource is an excellent overview of virtue ethics, including some of the major criticisms and how virtue ethicists have responded to them.
• Sandel, M. (2004, April 1). The case against perfection. The Atlantic. Retrieved from https://www.theatlantic.com/past/docs/issues/2004/04/sandel.htm
  • In this article, Michael Sandel tackles a major contemporary moral problem, the use of enhancements in various areas of life. Although he doesn’t explicitly call his approach “virtue ethics,” it is a clear and accessible example of Aristotelian reasoning applied to a concrete issue. This is a condensed version of a book that treats the subject in more detail, while remaining a clear and accessible work intended to bring philosophical ideas to popular audiences.
• Sandel, M. (2012, February 27). What isn’t for sale. The Atlantic. Retrieved from http://www.theatlantic.com/magazine/archive/2012/04/what-isnt-for-sale/308902/
  • In this article, Michael Sandel tackles a major contemporary moral problem, the moral limits of markets. Although he doesn’t explicitly call his approach “virtue ethics,” it is a clear and accessible example of Aristotelian reasoning applied to a concrete issue. This is a condensed version of a book that treats the subject in more detail, while remaining a clear and accessible work intended to bring philosophical ideas to popular audiences.
  • Multimedia
• Albert, T. (Producer), & Ramis, H. (Director). (1993). Groundhog day [Motion picture]. United States: Columbia Pictures.
  • This classic comedy follows the life of a man who has to relive the same day over and over again. In this situation, he realizes that neither the “rules” nor the consequences of his actions matter anymore. Initially he finds this liberating, and enjoys himself, but that soon gives way to depression and despair. Eventually, though, he seems to find new reasons to be generous, helpful, caring, and so forth, as he develops what we might consider to be a virtuous character. Information on where to stream the film can be found here: http://www.canistream.it/search/movie/groundhog day.
• Annas, J. and Teichman, M. (2014, March 26). Episode 57: Julia Annas discusses virtue ethics [Podcast]. Elucidations. Retrieved from https://lucian.uchicago.edu/blogs/elucidations/2014/03/26/episode-57-julia-annas-discusses-virtue-ethics/
  • A leading classical philosophy scholar and virtue ethicist discusses virtue ethics in an informative and interesting interview. Transcript
• ForaTv. (2008). Michael Sandel on justice: A journey in moral reasoning [Video File].  Retrieved from http://fora.tv/2008/07/04/Michael_Sandel_Justice-Journey_in_Moral_Reasoninga#xhfQ37UcTmyzlPvm.99
  • Michael Sandel discusses the Aristotelian conception of justice and its relevance to contemporary moral, political, and social problems.

  Sadler, G. B. (2012, November 12). Philosophy core concepts: Aristotle, activities, arts, and purposes (Nichomachean Ethics bk. 1) [Video file]. Retrieved from https://youtu.be/_aFJPv5POcc?list=PL4gvlOxpKKIjwnfPgqLkLJ7cHXAqDHfBA

  • This video is the first in a series of several lectures on Aristotle’s ethics.