Concept three describes the leadership

Assignment Help Finance Basics

Reference no: EM13840089

Read and study 'Concept Three: Integrated Strategic and Financial Planning' in Best Practice Financial Management.

Concept Three describes the leadership required for effectively integrated planning, the integrated planning process, and the components of a high-quality plan. It presents the organizing principle that should be used throughout the process and takes readers through key process steps. Steps include identifying and selecting strategic initiatives based on solid market data and consideration of risk, estimating capital requirements through a multiyear financial plan that links strategies to capital requirements, determining capital sources, and determining the level of profitability required to close the capital shortfall. It also describes the techniques leaders can use to test the reasonableness of their goals and projections and enhance the effective implementation of the integrated plan. A case study example at the end of the chapter describes one organization's implementation of the best practice planning process. (Kaufman, 2006, p. xiii)

Write a 2-4 page paper discussing the issues and outcomes of Community Hospital Healthcare System (CHHS), giving a brief overview of its initial plans and how those plans were altered after careful evaluation of the facility's finances. The paper should discuss the various approaches the organization used to develop new goals and reasons for altering its original plans.

Reference no: EM13840089

Questions Cloud

General hospital, a not-for-profit acute care facility : General Hospital, a not-for-profit acute care facility, has estimated the following costs for its inpatient services: Fixed Costs: $10,000,000 Variable cost per inpatient day $200

Determine the physical flow of containers for the month : Remington Shipping wants to begin using process costing in the shipping department. Direct materials represent the fuel costs to run the ship, and "Containers in transit" represents work in process. Listed below is information about the shipping d..

Which is not a governmental structural policy : Which of the following is not a governmental structural policy that supply-side econo- mists believe would promote long-term growth in an economy? A redistributive tax system. A promotion of competition. Minimal government interference in the economy..

Research on a key educational philosopher : Research on a key educational philosopher

Concept three describes the leadership : Concept Three describes the leadership required for effectively integrated planning, the integrated planning process, and the components of a high-quality plan. It presents the organizing principle that should be used throughout the process and take..

Obtain specific performance under uniform commercial code : When nonbreaching buyers or lessees obtain specific performance under the Uniform Commercial Code (UCC), the sellers or lessors

Cash inflows and outflows from purchasing the equipment : A firm wants the use of a machine that costs $100,000. If the firm purchases the equipment it will depreciate the equipment at the rate of $20,000 a year for four years, at which time the equipment will have a residual value of $20,000. Maintenance w..

What is typically true of corporate dividend payout rates : What is typically true of corporate dividend payout rates in the early stages of an indus- try life cycle? Why does this make sense? If the nominal interest rate is 5% and the inflation rate is 3%, then what is the real interest rate?

A three-month call option is the right to buy stock : A three-month call option is the right to buy stock at $20. Currently the stock is selling for $22 and the call is selling for $5. You are considering buying 100 shares of the stock ($2,200) or one call option ($500). a) If the price of the stock ris..

User Account

All Pages