Stratigic Management Essay Example | Topics and Well Written Essays - 750 words

Stratigic Management - Essay Example Although it has the highest rates of spending, the returns are very low even as 16 percent or 44 million people are uninsured (Mendenhall, 2006). Although the health care industry was slow in adopting strategic management, external factors coupled with dramatic changes in Medicare instigated from various sources including legislative, demographic shifts, new technologies, economic and market changes forced the sector to adopt and implement stratagems in cope with the continuously changing environment. Some of the challenges facing health care are poor information technology, lack of innovation, security and confidentiality issues, accuracy and laboratory testing among others compelling the industry to embrace modern strategic methods. According to the Baldrige National Quality Program (2006), a competent health care should be founded on the following key components: visionary leadership; patient-focused excellence; organizational and personal learning; valuing staff and partner; agility; focus on the future; managing for innovation; management by fact; social responsibility and community health; focus on results and creating value; and systems perspective. This are effected by implementing the following seven components: leadership; strategic planning; focus on patients, other customers, and markets; measurement, analysis, and knowledge; management; human resource focus; process management; and results (Hertz, 2006). The strategic management execution requires focus on the organization core competencies that emphasizes the implementation of its finest aspects that are unique, distinct and are not prone to imitation. Similarly, the organization must identify its core or shared values as well as analyzing its criti cal success factors or a working formula including the leadership aspects that compliment organization competencies (Grant, 2003). A

Brazilian Real Currency Report Research Paper Example | Topics and Well Written Essays - 1000 words

Brazilian Real Currency Report - Research Paper Example The objective of this paper is to shed some light on the key factors affecting the behavior (in terms of appreciation) of the real, and specifically to evaluate the extent to which the expanding size of Brazil’s oil sector in the economy has influenced the explanation of these events. Oil production in Brazil has been growing strongly since the turn of the millennium. A variety of energy policies which brought competition in the oil market and abolished subsidies to price controls and imports has supported these developments. This is despite the fact that the industry is still dominated by Petrobas, the state-owned corporation (Kumar 25). Going forward, Brazil’s economy is likely to become increasingly dependent on oil production, particularly of offshore oil, for both local use and export (Guimara?es 19). Petrobas discovered huge oil reserves that have been estimated to have the capability to double the country’s current reserves, propelling the country to among the top 10 countries with respect to oil reserves alone. Oil developments have had a significant impact in explaining the movements of exchange rates, in addition to traditional factors. In a majority of equations, the productivity differential and net foreign assets have been found to be crucial determinants of the true effective exchange rate in the long-term (Kumar 47). Net foreign assets have also been found to be the factor affecting the most exchange-rate fluctuations in the short term. Oil production appears to be significant for movements in the real effective exchange rate in the long term. The case is similar in the oil export and the two standards of the terms of trade. In the short term, however, these variables appear to have an insignificant, if not fairly limited impact (World Trade Press 44). Exchange Rate Regime Brazil has implemented a governed floating exchange rate regime. This means that the exchange rate is free-floating and can shift daily in line with the su pply and demand in the market. If necessary, the Brazilian Central Bank can intervene in exchange rate. Interventions occur in 3 conditions: to manage extreme volatility that may affect the market’s normal functioning; to rectify monetary and localized instability in liquidity; and to grow foreign exchange rate reserves (Frieden & Stein 37). Balance of Payments (BOP) Position The Central Bank of Brazil (CBB), via the Balance of Payments Division of its Economic Department, is tasked with responsible for compiling, monitoring, and analyzing Brazil's balance of payments data (Frieden & Stein 74). In addition to this, it publishes and disseminates this data. The primary sources of information for compiling the entries of balance of payments goods are reports from the Secretariat of Federal Revenue of the Ministry of Finance, the Foreign Trade Secretariat of the Ministry of Development, Foreign Trade, and Industry. For other BOP transactions, the primary source is the exchange re cord a comprehensive statement of the exchange operations compiled by the Central Bank of Brazil’s Foreign Capital and Exchange Department and reported by the country’s banks. Brazil’s current BOP, in US dollars, is -52, 480,127,065 (Kumar 84). Purchasing Power Parity Brazil’s current purchasing power parity is $2.362 trillion (2012 estimates) (Guimara?es 59). Interest