What are the three goals of compensation professionals? 

Compensation and rewards 

1. What are the three goals of compensation professionals?

2. What are the contributions of performance management for employees, managers and the

respond to this post.  APA cite and ask a question.  300 words

Poor risk management in a healthcare organization is something nobody wants to see, especially when there are patients involved.  Poor risk management cannot only hurt the organizations reputation, but it can also take away the trust factor that once was there.  When asked to write a discussion post on three examples of how poor risk management impacts a health organization, the first thing I thought of was the failure of communication.  Communication is vital no matter what situation you our in.                                                                    There is a difference between effective communication versus ineffective communication.  “Communication, commonly seen as an innocuous component of healthcare delivery, is a real and dangerous threat to patient safety if handled poorly” (Youngberg, 2011, p. 431).  Effective communication is clear and concise, whereas ineffective communication is not understandable and does not get the message across to the individual you are directing it at.  The problems arise when ineffective communication is not clearly understood, and numerous mistakes get made.  “In a study by Awad et al., 36% of communication failures were found to result in visible effects on system processes including inefficiency, team tension, resource waste, work-around, delay, and patient inconvenience” (Youngberg, 2011, p. 432).  With all that being said, we cannot forget about the numerous situations that involved patient injury or even death because of a lack of improper communication.

Education and training are another element that presents itself in the errors we see in communication.  Physicians, nurses, or healthcare employee’s all receive different training in regard to communication.  Very rarely, all the staff in the healthcare organization will receive the same training. A physician might have been taught to approach a situation in one type of way, while the nurse will be shown another.  We can assume that with different style of training in communication, problems will arise.  “Doctors are taught to be concise and get to the “headlines” without haste, while nurses learn to be broad, narrative, “paint the big picture,” and not make diagnosis when providing clinical descriptions” (Youngberg, 2011, p. 434).  The lack of training will also play a part when it comes to handling errors that happen in a healthcare organization.  How one physician deals with a medical error may not be the way another does, leading to miscommunication.

Thirdly, limiting work hours worked.  We all know that when we work a long day, we our just tired and we tend not to “care” as much as we did when we first started our shift.  It is not uncommon to hear that both physicians and nurses work long hours, especially in a hospital.  Residents are now limited to working 80-hour weeks due to fatigue/burnout. The Accreditation Council for Graduate Medical Education enacted duty-hour limits for both resident education and related patient care because of this fact alone.  “The duty -hour standards were adopted out of concern that fatigue resulting from excessive hours for residents jeopardized the quality of care and subjected them to working environments that were not conducive to learning” (Youngberg, 2011, p. 435). However, by limiting the hours that they are allowed to work caused other problems such as an increased volume of transfer patients.  With the increase of transfer patients came the increased chance of communication errors, which in turn increased the patient handoffs.

This may seem like a scary situation, especially knowing that it is dealing with patient care, but there is always a brighter side to everything!  It is never too late to implement change and set standards in place that everyone needs to follow.  “Through the use of training, culture change, dismantling of hierarchies, improved forms, mandatory debriefing, personality awareness, redundancy, or critical language, communications that occur at the time of patient handoffs can be improved” (Youngberg, 2011, p. 440).

Reference

Youngberg, J. B. (2011). Principles of Risk Management and Patient Safety. Burlington, MA: World Headquarters.

   What is the lifetime value of a single customer who stays with Whoyser for the full 3 years after his/her purchase of a Whoyser inkjet printer, on promotion, during the Christmas sale?

Case Study: Customer Lifetime Value

This case exercise was created by Professor John F. Cady specifically for class discussion in M370 ICORE. The data in this case are not representative of any printer manufacturer and should be used only for academic discussion

Peter Pepper’s Printer Promotion Proposal

Peter Pepper is the product manager at Whoyser Products Corporation Technology Products Division. Peter oversees Whoyser low-end printers and related products. After reviewing his sales figures for the first 10 months of 2018, Peter was concerned that he might not hit this year’s annual sales targets for the low-end Whoyser black inkjet printers. These printers were targeted to home users. Because of his concern, he is considering a for printers in a few selected malls in and around Indianapolis.

Peter has been approached by a local entrepreneur, Bobby “Darth” Knight, who ran a direct marketing firm located in Vincennes, IN. Darth has offered his services in developing and implementing a sales promotion campaign to help boost Whoyser’s end-of-year sales. He has suggested a promotional campaign . Darth proposes putting . Darth’s price including all promotional and remuneration of .

Peter is very interested in Darth’s proposal, and is considering it i.

In Whosyer’s printer business, . On average, . In fact, many customers trade up after a while to a more sophisticated laser jet or multifunctional (printer/copier/fax/scanner) printers. But such a trade-up did not benefit Peter directly, as those printer and printer combos fell under a different product manager. .

Consumers of Peter’s typically printed with a Whoyser Star print cartridge. In the targeted consumer household, cartridges . Unfortunately for Peter, Whoyser did not capture all replacement cartridge purchases.  from specialists or over the Internet from office supply sellers. As a conservative estimate Peter estimated that .

To boost sales, . , and . In this special promotional packaged configuration, .

Whoyser forecasted for its products in this tough market . . .

Assignment:

In considering Darth Knight’s proposal for the upcoming Christmas season, Peter asked himself the following questions. Please provide the answers for Peter. Submit your answers supported by all calculations in either a “Word” or an “Excel” document in Canvas.

1.    What is the lifetime value of a single customer who stays with Whoyser for the full 3 years after his/her purchase of a Whoyser inkjet printer, on promotion, during the Christmas sale?

You will find it easiest to simply calculate the value of the customer for each of the three years separately and sum the series to obtain the answer.

2.    Darth’s proposal seems quite expensive to Peter. Peter would like to put some pressure on Vader to commit to a result to be achieved by the end of the promotional campaign just before Christmas. Peter wondered, how many promotional printer packages should Knights kiosk crew sell in the 10 regional malls in order for Whoyser to break-even on the incremental costs. Peter knew from experience that the kiosk crews were unlikely to cannibalize any printer sales from other sources.

Please tell Peter how many incremental printers will have to be sold under current consumer behavior conditions for him to break even on the promotion.

3.    Peter also wanted to know what else could be done to improve the profitability of these low-end printers, using the CLV methodology, in addition to the kiosk promotion itself. In other words what actions could Peter influence to enhance the economic return of acquiring these new customers.

Please suggest 2 or 3 ways for Peter to increase the profitability of the promotion.

Discuss the role of ethics in change leadership and decision making and explain how this might be significant in leading change.

Assignment 1: Ethics and Change

In this module, you learned about the elements of change, how leaders and followers respond to change, and the ethical principles that are relevant to leading and effecting change within organizations. For the discussion in this module, you are asked to evaluate the role of ethics in leadership when effecting organizational change.

Tasks:

Examine an organization’s leadership and ethical decision-making framework and then analyze its effectiveness in bringing about change. For this discussion, use the context of your current (or previous) organization or that of an organization with which you are familiar.

>> ORANIZATION: HEALTH DEPARTMENT

Research organizational leadership, organizational change, and ethical decision making. Use resources from professional literature in your research. Professional literature may include the Argosy University online library resources, relevant textbooks, peer-reviewed journal articles, and websites created by professional organizations, agencies, or institutions (.edu, .org, or .gov).

Based on your research and experience, in a minimum of 250-300 words, respond to the following:

  • Identify two features of effective change leadership and explain why you believe they are effective.
  • Discuss the role of ethics in change leadership and decision making and explain how this might be significant in leading change.
  • Recommend 1–2 ethical principles that may assist your organization’s leadership and decision-making framework; support your response with a rationale and professional literature.

Submission Details:

But how did that translate to marketing value?Awfully well, as it turns out.Apex Marketing Group estimated Wednesday that Popeyes reaped $65 million in equivalent media value as a result of the Chicken Sandwich Wars.

You couldn’t watch a television news program or scour Twitter or Facebook the past week without spotting some mention of Popeyes fried chickensandwich. But how did that translate to marketing value?Awfully well, as it turns out.Apex Marketing Group estimated Wednesday that Popeyes reaped $65 million in equivalent media value as a result of the Chicken Sandwich Wars. Thefirm, based outside Detroit, defines that as the price a company would have to pay to purchase the attention it received for free.Apex takes into account television, radio, online and print news reports, as well as social media mentions. The evaluation was conducted from Aug. 12,when the sandwich went on sale nationally, through Tuesday evening, yielding 15 days’ worth of data.The $65 million figure is nearly triple the $23 million in media value that the sandwich generated in its first few days on sale, according to an earlierApex estimate.On Tuesday, Popeyes announced that the chicken sandwich would be sold out by the end of the week at its U.S. restaurants.But it says it is scurrying to bring back the chicken sandwich as a feature of its regular menu, not simply a limited-time offer.”It is a permanent menu item,” Dana Schopp, a Popeyes spokesperson, said Wednesday.Eric Smallwood, the president of Apex Marketing, says the chicken sandwich’s media value built relatively slowly in the days right after it went on sale.The big jump in media value came when news outlets began running taste tests comparing the sandwich with other fast food companies’ chickenofferings.POPgayleking . We are SO psyched todaynephew @cameronharrison6 readtaste THEEE CHICKEN sandwich@popeyeslouisianakitchen swipe leftfor our reax .. whomp whomp .. .we.BE BACK SOON!also called FIFTEEN locations how doLOUISIANAyou run out of that sandwich onSUNDAY???! May need therapy torecoverNew$1 DOUBLEDINEChickenSandwichWe apologize that this locationis out of Chicken Sandwiches.SinceTHANK YOU FORYOUR PATRONAGEpopeyes

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