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Financial Management for Public Health, and Not-for-Profit Organizations 7th Edition by Finkler, Calabrese & Smith $17.99   Add to cart

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Financial Management for Public Health, and Not-for-Profit Organizations 7th Edition by Finkler, Calabrese & Smith

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Financial Management for Public Health, and Not-for-Profit Organizations 7th Edition by Finkler, Calabrese & Smith

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  • September 11, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
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Solution Manual for Financial Management for Public
Health, and Not-for-Profit Organizations 7th Edition by
Finkler, Calabrese & Smith


Describe and Answer the following?

What is management? - ANSWER:the planning, organizing, leading and controlling of
human and other resources to achieve organiztional goals effectively and efficiently.

management of resources include - ANSWER:* people, skills, know-how and
experience
*machinery, raw materials
*computers and IT infrastructure

Management theory - ANSWER:Managers can be described by the functions they
perform, the skills they use, the roles they play and the compentencies they must
have to succeed

Managment competencies 1: Conceptual - ANSWER:understanding how your work
fit into the bigger picture----- interrelationships, predict consequences

management competencies 2; technical managerial/ clinical - ANSWER:knowledge of
management skills--- understand work, direct work

Management comp 3; interpersonal/ collaborative - ANSWER:skills covering
communication------ allows managers to lead effectively, promote and instill
common vision

Management comp 4; Political - ANSWER:knowledge and experience with political
process----local, county and or/state, necessary to be able to influences legislative
process

Management comp 5: commercial - ANSWER:need to create services that have
value, must have a business-like mindset

Management comp 6: Governance - ANSWER:Working with Governing body----
board of directors, executive comitee, board of health

Frederick Taylor and Scientific Management - ANSWER:Develops rules of motion,
work implements, and proper working conditions for every job.

, Henry Fayol (administrative management) - ANSWER:father of modern
management, created 14 principles of management----scalar chain, Unity of
command, Unity of direction.

Max Weber and Bureaucratic management - ANSWER:father of sociology, most
logical and rational structure for large organizations---Legal rational model

W. Edwards Deming (Contemporary theorist) - ANSWER:Visted Japan in 1950, used
sampling tests for quality control, low production costs by quality improvement,
Father of Japanese Post-War industrial revival

Peter Drucker (Contemporary theorist) - ANSWER:Management by objectives,
supervisors and employees agree on goals, more Collaborative effort

What is a strategic plan? - ANSWER:A strategic plan results from a deliberate
decision making---defines where, sets direction. Benefits; performance, growth,
communication

What is strategic management? - ANSWER:conscious selection of policies and
interpretation of the environment by managers to focus organizational efforts
toward the achievment of preset objectives

four basic elements of success - ANSWER:leadership, a strategic plan, a management
team, an action plan

strategic planning - ANSWER:provides a sequential process, step-by-step, involves
periodic planning

challenges of strategic planning - ANSWER:it requires a different way of thinking, it
takes time, weak leadership, resources

effective prioritization - ANSWER:set priorities based on size and seriousness of the
problems, must also consider the acceptability, economic feasibility and
effectiveness of interventions

public accountability - ANSWER:focuses on health problems that are highest priority,
selects strategies that are both effectiveness and acceptable

what are goals? - ANSWER:a broad aim which your efforts are directed, its a WHAT
not how

what is the planning horizon? - ANSWER:the time limit beyond which the future is
too uncertain or unimportant to waste time on

importance of being close to the center - ANSWER:the closer an organization is to
the center of national decision making, the less likely strategic management is to be
adopted

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