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ABC Healthcare Corporation

Part 1

 

Introduction

This assignment builds on your prior work in the Units 2 and 6 assignments. It is a presentation to your staff describing your analysis, linking what tools you utilized and why you chose those tools. You will use data to support your evidence-base financial decisions. You will also explain your recommendations to maximize stakeholder value, translating those to tactical outcomes to be implemented by your staff.

* Apply the theories, models, and practices of finance to the financial management of an organization.

* Analyze financing strategies to maximize stakeholder value.

* Apply financial analyses to business planning and decision making.

* Use data to support evidence-based financial decisions.

Scenario

The senior leadership has approved your recommendations to move forward. You are now tasked with operationalizing your recommendations. Meeting with your staff, you will translate recommendations to strategies and corresponding tactical objectives. You will explain how you used financial analysis to develop these recommendations, discussing the financial tools you will use to monitor implementation progress.

Your Role

You are one of the high-performing financial analyst managers at ABC Healthcare Corporation and are under consideration for a promotion to Director of Operations.

Requirements

Follow these steps to complete this presentation:

* You are presenting to your staff a summary of the reports presented to senior leadership (Units 2 and 6 assignments).

* Start by presenting the overall current financial condition of the company as presented to senior leadership (one to two slides).

* Provide an overview of your analysis, linking what tools (financial statements, ratios, industry trends, capital structure) you utilized and why you chose these tools (two slides).

* Link the data used to support your evidence-based financial decisions, providing justification for the recommendations (two slides).

* State the recommendations focused on maximizing stakeholder value into strategies newly adopted by the company, i.e., expansion to a new geographical market, the development of a new dividend policy, changes in capital expenditures, reduction of workforce (one slide).

* Translate those strategies to tactical objectives to be implemented by your staff, noting evidenced-based academic citations (one to two slides).

* Discuss what financial tools you will use to monitor the progress of these tactics (one slide).

Deliverable Format

* Be sure to use a bullet format in your slides but also include detailed narrative supported by relevant literature citations in the notes section.

* Ensure written communication is free of errors that detract from the overall message and quality.

* Use at least three scholarly resources.

* Length: 8–10 content slides in addition to title and reference slides.

* Use 12 point, Times New Roman.

Evaluation

By successfully completing this assignment, you will demonstrate your proficiency in the following course competencies through corresponding scoring guide criteria:

* Competency 1: Apply the theories, models, and practices of finance to the financial management of an organization.

* Demonstrate an understanding of key financial tools (financial statements, ratios, industry trends, capital structure, competitive analysis) by providing an overview of the analysis used supporting recommendations made in the Units 2 and 6 assignments. Provide a rationale for why tools were utilized.

* Competency 2: Analyze financing strategies to maximize stakeholder value.

* Link the data used to support evidence-based recommendations, translating the recommendations to strategies focused on maximizing stakeholder value.

* Competency 3: Apply financial analyses to business planning and decision making.

* Translate strategies to tactical objectives to be implemented by staff, noting evidenced-based academic citations.

* Competency 4: Use data to support evidence-based financial decisions.

* Evaluate and recommend financial tools to be used to monitor the progress of these tactics.

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HR Challenge: Selecting the Right Candidate (Internal – External)

HR Challenge: Selecting the Right Candidate (Internal – External)

HR Challenge: Selecting the Right Candidate (Internal – External)

Prepare a 3-4 page analysis considering several possible courses of action that could be used to address issues within a company. You will state how and why you would take each course of action, or if you would not take a specific action, explain why not.This assessment examines how to assess the effectiveness of both internal and external candidates for the jobs for which you are recruiting. There are many views of these two areas of selection and many accurately describe possible outcomes for the organization. Organizational employees, first-line supervisors, and other stakeholders see the value in supporting promotion from within. It saves resources in training, reinforces current employee commitment, and offers the powerful promise of a long-term professional future for those working in the organization. However, organizations with a majority of long-term employees often suffer from a groupthink condition that can do great harm. From the NASA Space Shuttle Columbia disaster in 2002 to the banking failure of 2008, groupthink has the ability to set organizations on a destructive path. One of the outcomes of groupthink is organizational failure. The other consequence is the tendency to become insular, which comes from hiring and promoting people who think more alike than different. Anyone involved in accreditation can tell you that accrediting agencies, whether they are government or private, strongly discourage hiring a school’s own graduates. Accrediting agencies allow only a very small percentage of homegrown faculty members in any school. One of the things they are trying to encourage is the diversity of thought and professional background. These are essential components of organizational success; their absence can do a great deal of damage in organizational decision-making as well as product development.Every individual position that becomes vacant or is new to the organization must be evaluated to determine whether it should be advertised internally only or both internally and externally.Assessment IntroductionScenarioFor this assessment, imagine that you are the Vice President of Human Resources (VP of HR) for CapraTek. The Western sales division has had more turnover than any other part of the company. Since 2010, there have been six different sets of directors and deputy directors for the organization. In three years, the Western sales division has lost 80% of its clients. The other sales division has only lost 2% of its clients. The marketing-science office at the corporate level has been deeply involved in redesigning product development and sales processes, which have become more complicated. It has also become harder for customers to qualify for financing. These actions, while presented as quality efforts, have not led to positive outcomes. Over time, these conditions have raised prices above all competitors. While the organization’s products are of great quality, some products could be over-engineered and possibly too taste specific.Aside from the low morale, the level of turnover at the senior ranks of the division has done harm to employees at all levels of the division. Frontline sales professionals, supervisors, support staff, support leaders, middle managers, and stakeholders are confused about quality standards and approval stages. The CapraTek CEO and COO have consistently selected sales directors and deputy directors from outside the organization, but all were soon terminated for poor performance. The next set of directors was

selected internally from the sales professionals, and they were terminated after about 18 months. Additionally, the job description for this position has been studied and refined multiple times; this is not the issue or answer for this assessment.Your ChallengeAs the VP of HR, consider the following actions and for each one:Describe whether you would execute this action.If you would execute this action, explain how and why.If you would not execute this action, explain why not. Actions to ConsiderSeek consulting services: Seek consulting services from a professional search firm that will take the place of the company human resources staff performing the recruiting effort. The private firm will perform the search for candidates and conduct pre-assessments and interviews before the final candidates are presented to the company. Provide evidence as to why this would be a good decision.Hire from within: Continue to hire candidates from within the organization using the current process of allowing HR and the CEO and COO to make the selections. Provide evidence-basedrationale to support your decision.Conduct an internal Search: Begin an intense internal search within CapraTek for director and deputy director positions to be run by HR, leading to a robust list of candidates for consideration. Describe why or why you would not take this course of action.Assessment InstructionsPrepare a 3–4 page analysis that states how and why you would take each course of action, or if you would not take a specific action, explain why not. All three Actions to Consider must be addressed. Along with your recommendations, include the following:Analyze options available for addressing issues with employee turnover, product development and the sales process, rise in product prices, and operational morale.oWeigh the pros and cons of taking each action.oDetermine whether you would take each action.Explain how available options could be executed.oExplain briefly what steps you would take to accomplish any of the actions you would choose to take.Provide the rationale for each decision to either take or not take a course of action.oDescribe key factors that influenced your decision.oInclude material from your references to support your conclusions.

Review the HR Challenge: Selecting the Right Candidate (Internal – External) Scoring Guide to see the criteria by which your assessment will be evaluated. Before submitting your assessment for evaluation, review your draft in SafeAssign to check your use of source material.Submission RequirementsThe deliverable for this assessment applies professional skills in Human Resources Management (HRM) to workplace situations which you will likely encounter in your day to day work in HRM. As part of your learning, we focus on the development of effective professional communication skills for the workplace.Length: Your plan should be 3–4 typed, double-spaced pages, not including the cover and resources pages. oThe cover sheet should include your name, the course number, assessment title, and date. No other information is required on this page.oEach of the three Actions to Consider should be addressed. oThe resource pages (reference list) should be the last page or pages. Organization: Make sure that your assessment writing is well-organized, using headings and subheadings to organize content for the reader.Font and font size: Times New Roman, 12-point.Resources: Use at least two scholarly or academic sources.Evidence: Support your assertions with data and in-text citations. Use current APA format for intext citations and create a reference list at the end of your documents. APA formatting: Resources and in-text citations are formatted according to current APA Style and Format guidelines.Written communication:oConvey purpose, in an appropriate tone and style, incorporating supporting evidence and adhering to organizational, professional, and scholarly writing standards.oWrite for a specific audience, using the vernacular of the profession.oUse spell-check and other tools to ensure correct spelling and grammar.Note: Your instructor may also use the Writing Feedback Tool to provide feedback on your writing. In the tool, click the linked resources for helpful writing information.ePortfolioYou should consider adding this assessment to your personal ePortfolio. This assessment demonstrates your ability to analyze issues with employee turnover and selecting the right candidate. This skill is necessary in a professional setting when you are trying to make strategic recommendations. You will want to organize your assessments to easily support future reflection and completion of your HRM

capstone project as well as for showcasing your knowledge with employers after graduation. For more information on ePortfolio, visit the Campus ePortfolio page.Competencies MeasuredBy successfully completing this assessment, you will demonstrate your proficiency in the following course competencies:Competency 1: Develop strategic recruiting approaches and selection methods to support an organization’s talent goals.oAnalyze options available for addressing issues with employee turnover, product development and the sales process, rise in product prices, and operational morale. oProvide the rationale for each decision to either take or not take a course of action.Competency 2: Apply talent mobility practices for an organization.oExplain how available options could be executed.Competency 5: Communicate clearly, accurately, and professionally for the HR field.oSupport main points and recommendations with relevant and credible evidence. oAddress the appropriate audience, using familiar, discipline-specific language and terminology.