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Archive for May, 2011

Critical Thinking Case Study

Critical Thinking Case Study

I. Problem Identification
Faith Community Hospital has two main problems that need to be addressed. The first is the increased costs associated with normal operations. The second is the inconsistency with which the staff and partners interpret and follow the hospital’s policies and procedures. These two problems are snowballing into areas that are intertwined by nature. They cross boundaries into finance, ethics, employee morale, and partner relations.

II. Criteria, Goal, and Objective Definition
To address the first problem of increased costs, the hospital’s basic business structure needs to be reviewed. Faith Community Hospital is a non-profit hospital that serves the community. It has a Board of Directors that assists in major business decisions. Although they are a non-profit, they still have to meet their basic financial obligations to keep their business operating. The healthcare industry is one of the best areas to be involved with because they do not experience normal economy-driven peaks and valleys. To that end, they cannot predict who is going to get sick and they cannot will those people to get sick in order to meet their bottom line. There are several costs that are fixed and the hospital has no control over this fact. Key players in this decision will be the CEO, Financial Analyst, and Executive Assistant.

The second problem that Faith Community Hospital faces is their organizational policies and the varying degrees of interpretation by staff, doctors, and partners. Their current mission is: Read more…

Sample Case Study on WWF

Case Study on WWF

1. Briefly describe the situation described in the case:
a. The case basically describes the initial start-up and growth of the wrestling industry. At the beginning the McMahon’s had a perceived monopoly within the wrestling industry. Vince McMahon took the WWF, which his father began, and expanded it beyond any expectation. He created story lines and merchandise demand that help propel the WWF into the wrestling entertainment leader. Ted Turner worked with the WWF to broadcast the shows and he saw the demand and wanted a piece of the action. When Ted Turner approached McMahon to purchase some shares, Vince McMahon declined the offer. Ted Turner, known for going after what he wants, decided to go after the market created by the WWF and purchased the smaller operation that was sold by McMahon previously in Atlanta, Georgia. Turner hired Eric Bischoff and they both became extremely aggressive and tried to gain their own support for fans over the WWF. Bischoff created a different format that attracted more fans and negations took place that tried to lure old WWF wrestlers over to the new WCW create by Turner. Turner and Bischoff were also able to use the vast amount and levels of entertainment avenues that Ted Turner owned and had control over. The WCW expanded their time slot and became aggressive for the timing of the programming versus the WWF. Both programs tried to create their own characters and maintain the story lines to attract and maintain fans. The case study describes the process in the negotiations for Bret Hart his heart tells him to stay with the WWF, but they can no longer afford him or write him into the story line. The WCW is willing to pay him what he desires, but Hart is more interested in the overall wrestling morale than a paycheck. Read more…

Tobacco Deal Case Study

The Tobacco Deal Case Study

Issues
Considering that the tobacco industry is a major contributor to the U.S. economy, what may be causal effect of such severe legislation and punishment inflicted on the Tobacco industry?
If the tobacco industries were eventually forced to close their respective doors due to excessive punitive damages awarded or if they were forced to file for bankruptcy due to costs associated to civil lawsuits, what would happen to the economy? It added over $55 billion annually to the GDP. Taxes collected from the sale of cigarettes as well as other tobacco products in the U.S. alone totaled $13.1 billion in 1996. Taxes have steadily risen since then. The industry also plays a big part as a major employer in some states. The industry spent $6.2 billion a year in advertising. I’m sure this has decreased today as advertisement of tobacco products has been banned from TV and billboards. However, the decrease could not be that significant as the industry needs to continue the advertisement of products in order to continue to remain a profitable business. The industry also played a big part of employment for attorneys and public relations.

Terms of the Deal
1) Tobacco industry payments. The industry will be required to pay $368.5 billion for the first 25 years and $15 billion each year after indefinitely.

The proposal states that MOST of the money would go to the states to compensate the cost of health care for people with tobacco related illnesses. $25 billion would go towards health care for uninsured children. “Funds” would also finance antismoking education as well as advertising and enforcement of the settlement. A percentage would pay the fees of attorneys who negotiated the settlement. Who will guarantee that Read more…

7-Eleven Japan Case Study

7-Eleven Japan Case Study

1. What factors accounted for 7-Eleven’s initial success in Japan?
The most important factors 7-eleven had was the alliance they had with Ito-Yokado, since the company became Japanese owned it started to have success because of the detailed knowledge of the legal, political, and social environment of this country. Ito-Yokado had the experience of working in Japan as a large Japanese supermarket chain operator. The joint venture was highly successful, with 7-Eleven becoming the larges convenience store operator in Japan. Another factor one must site is that 7-Eleven gave the opportunity to Japanese to make shopping anytime, so it was an innovative way to attract Japanese people. The function of distribution point was another factor to have success because Japan’s population is so big that it is hard to reach everybody at the same time, so customers who wanted goods from an internet marketer could order the goods over the internet and the internet marketer would ship the goods to a 7-Eleven store near to the customer.

2. What factors accounted for 7-Eleven’s continuing success in Japan?
A factor that helped to continue the success in Japan when they started to grow and sell more products to the market for example when they entered into agreement with Softbank Corporation, Tohan book wholesalers, Yahoo Japan, and others to create a venture to sell books and video using a web site on Yahoo Japan. The several partnerships helped 7-eleven to continue its success for example the Sony partnership, NEC, Mitsui, trading company, and Japan Travel Bureau, to distribute a wide range of products, to provide music, and photos online, and to handle book and ticket sales. That penetration in the Japanese market drove and will continue driving 7-Eleven to be more successful. Read more…