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Graduate Management Schemes, 2008.
A research proposal to explore the factors that contribute to the decision of graduates to apply for hotel training schemes.
1,208 words (approx. 4.8 pages), 2 sources, APA, $ 41.95
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Abstract
The paper outlines a proposal to research the role of graduate management schemes in their attraction and retention of talent in the hotels in the UK. The paper provides a brief review of the literature that indicates a critical need for coordination and cooperation among sectors in the U.K. in the training and education of these individuals in the hotel industry. The paper explains that better preparation of employees while at the college or university level will result in employees that are more committed and increase the productivity for the hotel chain establishment.
Outline:
Introduction
Purpose of the Study
Research Questions
Methodology
Literature Review
Findings of the Study
Recommendations for Research
From the Paper
"The objective of this work is to prepare a proposal for research in the area of the role of graduate management schemes in their attraction and retention of talent in the hotels in the UK. The majority of hotel employees are low-skilled and have no qualifications therefore having obtained a graduate degree makes employees more attractive and as well it have become a realization that these employees are generally of higher caliber and therefore retaining these employees and gaining a commitment from the employee in terms of the longevity of these employees have become of vital importance to the hotel industry."
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Gender and Upward Influence: An Indian Study, 2008.
A look at a study by K. Asha, A. Mahfooz, and R. Himanshu, that was carried out on interactions between Indian male and female workers, entitled "Gender, Affect and Upward Influence: An Indian Study".
878 words (approx. 3.5 pages), 2 sources, APA, $ 31.95
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Abstract
This paper describes and critiques the research study, "Gender, Affect and Upward Influence: An Indian Study", hypothesizing that in Indian mixed-sex workforce groups, interactions between males and females continue to be dominated by attitudes that women hold a lower social status than men. The paper explains that study examines the usage of upward influence (UI) in the workplace environment and contradicts previous studies that indicate little or no difference in UI strategies between males and females in the workplace. The paper also explains that the study uses a combination of survey methodology to prove eight separate hypotheses and includes interviews.
Outline:
Description of the Experiment
Independent and Dependent Variables
Sampling Used
Reliability and Validity of the Experiment
From the Paper
"Gender will become an increasingly important issue in the Indian business world, as businesses continue to hire greater numbers of women to fill the labor void created by an expanding market. This research study hypothesizes that in mixed-sex workforce groups, interactions between males and females continue to be dominated by attitudes that women hold a lower social status than men. The study examines the usage of upward influence (UI) in the workplace environment (Asha, Mahfooz, & Himanshu, 2006). This study contradicted previous studies that indicated little or no difference in UI strategies between males and females in the workplace."
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Charles Schwab Company, 2008.
An analysis of the use of strategic planning in the Charles Schwab Company.
1,539 words (approx. 6.2 pages), 5 sources, MLA, $ 50.95
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Abstract
This paper presents a case study of the Charles Schwab Company which created stock trading on the Internet in 1996 by going from a tiny firm to the world's largest financial services company. It discusses the need for the company to use strategic planning in order to deal with issues since strategic planning is what determines the overall direction and goals of the organization.
Table of Contents:
Introduction
The Company
Conclusion and Recommendations
From the Paper
" The Charles Schwab Company has been profitable, which has not created a huge dip in sales and revenue. It has been discovered that with this growth in technology, people have been able to compete with in the industry. For example, the typical companies are not the only ones that are fighting for the market. The company decided that this type of competition has decreased in value of stock prices and has made the company look into different methods to increase profitability. Considering these factors, it is recommended that the Charles Schwab company must change its business model to allocate for modern growth and find new innovative technology, which keeps the customers' attention while being one step ahead of the competition, which seems that has been the pattern of this company due to the fact that it had created OneSolution and e-Schwab before the online trading craze began. It is also recommended to keep motivating employees because without teamwork, the company will fall apart. Along with that, it is necessary to have strong leadership when competition is intensified. Therefore, this company was not being squeezed in the middle; however they were making a category of one because they have strong leadership that embraces innovative technology. Companies need strong leadership so that they have the ability to be innovative enough to set themselves apart from their competitors and maintain a successful and stable structure company, which benefits the employees and the overall company."
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Pawnbroker Training, 2008.
An assessment of the effectiveness of non-workplace based training programs for the pawnbroker industry.
5,996 words (approx. 24.0 pages), 18 sources, APA, $ 142.95
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Abstract
This paper contends that there is a lack of formal training in the pawnbroking industry and the lack of such training may severely restrict employees' professional development and constrain growth opportunities in the industry. It proposes a study to to determine which factors contribute to or hinder the effectiveness of non-workplace based training programs in the pawnbroker industry. It also investigates the reasons for the lack of formal training in the pawnbroking industry and suggest ways to improve the current situation of training in the industry.
Outline:
Introduction
Statement of the Problem
Purpose of Study
Importance of Study
Scope of Study
Rationale of Study
Overview of Study
Review of Related Literature
Methodology .
Description of the Study Approach
Data-Gathering Method and Database of Study
Data Analysis
Summary
From the Paper
"In many ways, pawnshops are the simplest forms of banks. In pawnbroking, customers pledge goods of various values as collateral for different types of loans, most of which are short term. The pawnbroking industry is truly ancient, just as the recognition of the danger it involves of oppressing the poor is ancient. According to the encyclopedic entry for pawnbroking, "In fact, the Bible provides the poor with a number of safeguards against oppression from their creditors. According to Ex. 22.25-27 and Deut. 24, 6, 12, 13, 17, pawnbrokers may not practice usury, may not take necessities of life as security, and in general must not take as a pledge any article whose loss would severely injure the borrower" (Pawnbroker, 2007, p. 36900). During the Middle Ages, Christians were generally forbidden by the church from lending money at interest, and pawnbroking was left largely to the Jewish community as one of the few means of a livelihood available to them (Pawnbroker). "
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Case Study: Makey's Foods, 2008.
Presents a marketing strategy for the expansion into Russia by Makey's Foods, an American based company participating in the fast foods industry.
2,935 words (approx. 11.7 pages), 8 sources, MLA, $ 86.95
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Abstract
This paper explains that fast foods company Makey's Foods has chosen to enter Russia because the industry there is far from mature and still presents great potential for future growth and development. The paper also points out that, other than McDonald's, the limited success of the international fast food brands in Russia can be explained by the multitude of barriers posed by the Russian environment, which are presented in the paper. The paper then analyzes the Russian culture and economy and presents several critical international marketing strategies for expansion.
Table of Contents:
Executive Summary
Company Description
The Russian Economy
The Russian Fast Food Industry
Customer Analysis
Competitor Analysis
Barriers to Entry
Economic Barriers
Institutional and Administrative Barriers
Cultural Barriers
International Objectives
International Strategies
Challenges in International Management
Conclusions
From the Paper
"The cultural barriers posed on entrance to Russia are extremely important and the capability to overcome them could actually mean the success of Makey's Foods. A most relevant such barrier is given by language. The official language is Russian and about 100 different languages are being spoken aside from it. The English speaking company has to find a way to address their audience; otherwise, they risk losing their investments in the Russian venture."
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Understanding the Family Medical Leave Act, 2008.
An analysis of the purpose and limitations of the Family Medical Leave Act (FMLA).
2,626 words (approx. 10.5 pages), 8 sources, MLA, $ 79.95
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Abstract
This paper analyzes the Family Medical Leave Act (FMLA) of 1993. It discusses the purpose of the law and how it has assisted employees who are eligible for it. The paper looks at who the law applies to and what conditions it guarantees, as well as what provisions it makes. Finally, the paper discusses the limitations to FMLA's coverage.
From the Paper
"Although the FMLA is very specific and the DOL has clearly explained provisions of the law, it has been the subject of some controversy. In Nevada Dept. of Human Resources v. Hibbs, 538 U.S. 721 (2003), Hibbs, an employee of the Nevada Department of Human Resources sought leave under the FMLA to care for his wife. His request was granted, but the Department eventually informed Hibbs that his leave was exhausted and told him to return to work. Hibbs failed to do so and was terminated. Hibbs sued the Department, seeking monetary damages for interfering with Hibb's exercise of FMLA rights. The Supreme Court determined that state employees could recover monetary damages in federal court for a State's failure to comply with the FMLA. This was an important holding because the Eleventh Amendment generally bars suits against the states in federal court. However, the Court determined that when Congress specifically intends to abrogate Eleventh Amendment immunity, it can do so, and that it did so in the FMLA. Given that one of the purposes of the FMLA was to end gender-based discrimination in the taking of leave, that motive was substantial enough to end Eleventh Amendment immunity."
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Environmental Management, 2008.
An analysis of the importance of policies and guidelines required in the food supply industry, with a focus on pesticides.
1,550 words (approx. 6.2 pages), 3 sources, APA, $ 50.95
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Abstract
This paper discusses the policies and guidelines that must be established by food supplier companies. It discusses the importance of these policies due to the fact that food products offered to, purchased by, and consumed by the public must be free of contamination and must adhere to the federal and state guidelines that consumers expect. The paper specifically focuses on pesticides and their effect on the industry.
Table of Contents:
Introduction
Literature Review
Key Content Issue: Pesticides
Analysis
Conclusion
From the Paper
"When a food supply company sits down to put together its policy regarding the environment, no matter how small or how big the company, it must rely on the best possible science - from independent researchers - to be certain that it protects not only its workers but the consumers who will be eating the food that is put on the market. Given that there is evidence that the EPA leans more towards the pesticide industry than it does towards the consumer, to be on the safe side the food supply company should reach out beyond the EPA for objective, verifiable data. The EPA still holds the cards when it comes to laws and regulations relating to food safety; but again, a company that wishes to fully protect its employees and the public as well, will be wise to include independent analysis in it's policy statement. What is more important, going along with the powers that be when it comes to the potential for humans (especially children) to become exposed to dangerous toxins? Or being on the safe side and accessing independently corroborated science by researchers who are respected and not part of the lobby group, or the government group, that is too close to the pesticide manufacturers? The answer is obvious; food supply companies must think of people first, when creating their policy statements."
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S-S Technologies Holdings Inc., 2008.
A case study analysis of the growth of the integrated systems group (ISG), products group (PG) and SAF drive systems group (SAF) within S-S Technologies Holdings Inc.
2,856 words (approx. 11.4 pages), 5 sources, MLA, $ 84.95
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Abstract
This paper presents a case study of S-S Technologies Holdings Inc. It analyzes the company's three divisions, the integrated systems group (ISG), products group (PG) and SAF drive systems group (SAF) and looks at their growth over a specific period of time. The paper provides alternatives and recommendations for how the company can continue to grow and develop.
Table of Contents:
Executive Summary
Identifying Key Strategic Issues
Analysis
Identifying Alternatives
Evaluating Alternatives
Recommendation
From the Paper
"It is recommended that the concept of a collaborative framework be undertaken within S-S Technologies, defining incentive, bonus, profit-sharing and retention strategies for key contributors regardless of which division they are a member of. In addition, this strategy also opens up the opportunity for knowledge acquisition and management, development of sharing financial metrics to the development, engineering, and product introduction levels, in addition to quantifying cross-division collaboration. Ultimately, S-S Technologies need to create a collaborative framework that accentuates the most critical need of all when it comes to individual contributor performance, and that is the rewarding of exceptional collaboration in addition to employees seeking out every opportunity to "own" their jobs instead of merely doing them for their salaries. Internalizing their objectives at a personal level will happen with the development of a collaborative framework recommended from this analysis."
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Information Systems in Accounting, 2008.
This paper explores how information systems are changing the accounting profession.
1,039 words (approx. 4.2 pages), 6 sources, APA, $ 36.95
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Abstract
The paper discusses how updated information systems are reforming the most dominant aspects of the accounting profession, which have increasingly become the processes related to auditing and compliance. The paper explains that the Sarbanes-Oxley Act (SOX) has led to the development of technologies for better management of financial data including service oriented architectures (SOA) and the emergence of business process management (BPM) and business process reengineering (BPR).
Outline:
Executive Summary
The IT Requirements of Governance, Risk and Compliance
The Role of Service Oriented Architectures (SOA)
Business Process Management and Process Re-Engineering
Summary
From the Paper
"The most significant change to occur within the area of how new technologies are influencing accounting is in the area of redefining processes by which financial data is capture, analyzed and reported to both shareholders and the government. The attainment of compliance to the SOX requirements has led to a reengineering of financial reporting processes within all publicly-traded companies in the U.S., and has also led to a more consistent approach to reporting financial results (Gordon, 2006) Compliance to SOX standards requires many organizations to significantly re-define how they capture orders from customers, track them, and input them into their Enterprise Resource Planning (ERP) systems for manufacturing and fulfillment."
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International Business Economics, 2008.
A review of the options necessary to be considered by Affiliated Aerospace Enterprises, Ltd. (AAE) when expanding its facility or operations.
3,577 words (approx. 14.3 pages), 19 sources, APA, $ 100.95
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Abstract
The paper discusses the factors that an aerospace company should consider when seeking to expand its operations. Specifically referring to Affiliated Aerospace Enterprises (AAE), the paper suggests that
a comparison be made with France and the United States as potential locations for AAE's new production facility and discusses the advantages and disadvantages of each. The paper follows with an analysis of the impact of a decline in the exchange rate and appropriate responses for AAE.
Outline:
Executive Summary
Factors to Consider in Entering New Foreign Markets
Comparison of France and the United States for Expansion Purposes
Impact of a Decline of the Sterling Exchange Rate and Appropriate Responses
Multiplier Effects of Investments in Research and Development
From the Paper
"Companies seeking to expand their operations into foreign markets have much to consider because there is a lot at stake. According to Stanat and West (1999), "Entry into the global marketplace is a form of diversification and needs to be treated just as carefully as consideration of a new product or a new market sector. The biggest limitation to globalization is the lack of will to engage in and drive a global marketing program" (p. 35). Two of the biggest challenges involved in such foreign market expansion efforts are acquiring the resources needed for such initiatives and developing a keen understanding of the differences represented by the target country. In this regard, one authority advises, "Regardless of whether the new venture always intended international expansion or whether it pursues expansion after it becomes established, the firm faces many difficulties (e.g., acquiring needed resources, understanding target market differences, etc.) in its international expansion efforts."
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Six Sigma and TQM, 2008.
An analysis of the Six-sigma management tool and the basics necessary for its successful implementation.
1,661 words (approx. 6.6 pages), 3 sources, APA, $ 54.95
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Abstract
The paper states that Six-sigma is a valuable management tool that is used to improve the productivity and the performance of a company. The paper also states that it is essentially a quality management tool that is used to reduce rejected products. The paper then states that Six-sigma has a positive impact on the performance of the organization and relates how it interacts with competition. The paper also discusses the basic management principles that Six-sigma advocates for its implementation to be a success.
From the Paper
"Six-sigma is observed to have a positive impact on the performance of the organization and how it interacts with competition. When used as a strategic business tool to improve productivity of the organization and the quality of the product created, the benefit gained from the implementation is very far-reaching. Six-sigma requires a "well-defined methodology" to achieve the desired results. This process is very time consuming. Using these methodologies requires that companies set up a system to monitor and measure the metrics that are used to calculate the defect rate in the manufacturing or production process. Failure to understand and comprehend the true needs of the process can cause more harm than good in the long run. Six-sigma is often used to root out the cause of variances in the process that might be undertaken."
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Pension Protection Act of 2006, 2008.
A case study to determine whether the Pension Protection Act of 2006 does or does not protect employees as well as, costs (if any) related to the Act.
9,948 words (approx. 39.8 pages), 22 sources, APA, $ 201.95
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Abstract
This case study explores the costs an employee incurs for a pension plan from Everest Reinsurance [U.S. Company) prior to, as well as after, the ratification of the Pension Protection Act of 2006. During the course of this study effort, the researcher provides a detailed review of the Pension Protection Act of 2006, a unique, contemporary law that affects companies across the U.S. The researcher also assesses and analyzes information relating to Everest Reinsurance, a company based in New Jersey. Staff of Everest Reinsurance, along with the company's employees enrolled in the 401 (K) plan, founded by Prudential Financial, constitute this study's population.
Outline:
Introduction
Literature Review
Methodology
From the Paper
"This case study explores the costs an employee incurs for a Pension Plan from Everest Reinsurance [U.S. Company), prior to, as well as, after the ratification of the Pension Protection Act of 2006. During the course of this study effort, this researcher provides a detailed review of the Pension Protection Act of 2006, a unique, contemporary law that affects companies across the U.S. This researcher also assesses and analyzes information relating to Everest Reinsurance, a company based in New Jersey. Staff of Everest Reinsurance, along with the company's employees enrolled in the 401 (K) plan, founded by Prudential Financial, constitute this study's population. In addition to fulfilling the Aim for this study, analyzing pension plan prices before and after the "New Act", this researcher expects to identify the number of employees currently participating in the plan, as well as, note individuals not enrolled in the plan, prior to the Pension Protection Act of 2006 becoming effective. After this stage of the study is complete, this researcher then researches and ascertains the cost of the Pension Protection Act of 2006 per employee. With these calculations completed, this researcher expects to calculate the cost impact of "the Plan". When this researcher completes this step, the researcher should have assessed enough material to determine the additional costs the Act added to employee expenses, versus the previous costs for employees prior to the Pension Protection Act of 2006 enactment. "
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Strategic Planning in the Built Environment Sector, 2008.
A discussion on effective strategic management in the built environment sector.
2,344 words (approx. 9.4 pages), 12 sources, APA, $ 72.95
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Abstract
This paper evaluates the use of strategic planning concepts, frameworks and processes in the built environment sector. The paper does this by balancing the need for accurately interpreting and responding to market conditions on the one hand with the internal prioritization of strategic investments to ensure competitiveness in the coming years on the other hand. The paper then explains that this balancing act is not well suited to many built environment sector organizations whose cultures are dominated by a short-term and project-centric approach to accomplishing objectives. Next, the paper uses the Ansoff Matrix, The Boston Consulting Group Growth/Share Matrix and accompanying 'experience effect' as the foundations for making recommendations as how built environment sector organizations can increase the effectiveness of their strategic planning processes.
Outline:
Executive Summary
Using the Ansoff Matrix as a Strategic Planning Tool
The BCG Matrix in the Built Environment Sector
Summary
From the Paper
"The BCG Matrix is primarily focused on the resource allocation decisions companies need to make between competing products and strategies. For the built environment sector, this strategic planning framework is well-suited for the coordinating and synchronizing of strategic plans throughout an organization as one of its core concepts is the allocation of resources between varying business units or in the case of this specific industry, projects. The Boston Consulting Group specifically calls the ability of organizations to learn and embed processes into their organizations the experience effect (Henderson, 1970, 1972). While the BCG Matrix has achieved notoriety for its graphical definition of business unit positions relative to market growth and market share, the more valuable insights are actually in the quantifying of the experience effect dropping costs as a result of greater market share being attained."
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Organizational Behavior in Nike, 2008.
An analysis of Nike's code of conduct and its success in promoting and demanding improved working conditions for employees.
1,053 words (approx. 4.2 pages), 4 sources, APA, $ 36.95
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Abstract
This paper discusses the organizational behavior and successful strategies of the Nike company. It first describes a history of the company and then focuses on the code of conduct it practices as well as the challenge Nike faces in creating a corporate code of conduct. The paper concludes that Nike has been more successful than most multi-national corporations at promoting and demanding improved working conditions for employees, even though there are still marginal differences between plants, based on management-corporate relations.
Table of Contents:
Introduction
Nike's History
Nike's Code of Conduct
Conclusion
Appendix
From the Paper
"Noteworthy, as an upstart company that developed through massive growth, Nike challenges many molds of corporate social responsibility, but outlives it scandals through the development of corporate code of conduct and audit applications. Though the two factories that Richard, Kochan, Romis & Qin analyze through internal Nike audit material differ somewhat is the success of Nike's goals of CSR implementation, they are also clearly reflective of the broader goals of Nike to build a better image and better reality for contract employees, even in emerging markets that demand greater corporate governance to ensure compliance. As one can see in the appendix of this work, Nike's code of conduct is expansive and inclusive and despite the fact that Nike was reluctant to create such a code it has done so and seems to be living by its standards."
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Project Risk Management, 2008.
An analysis of the importance of project risk management within the realm of information technology (IT).
2,715 words (approx. 10.9 pages), 11 sources, APA, $ 81.95
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Abstract
This paper discusses project risk management, particularly in the area of information technology (IT). It discusses the importance of project risk management to the development of profitability, especially in large scale production. It also describes the importance of accurate timelines and of research and development in the realm of IT. Finally, the paper looks at budget, support and end usability.
Table of Contents:
Introduction
Project Risk Management in IT
Timelines
Aspect of Research and Development
Budget
Needs of Project
Needed Infrastructural Change
Support
Security
End Usability
Conclusion
From the Paper
"PRM in IT is specialized, and yet similar to other types of PRM. The development of information technology has in fact spurned the development of project risk management, as central core brain-like understanding of processes was not possible before the development of information technology and the success of its practitioners. As more and more people become aware of the fact that IT can create a program that will do anything, as long as it is aware of what is needed from the start, IT will become more essential to the development of project based management. Interestingly PRM has then been turned full fold upon the IT itself, as users begin to develop broader understanding of the possibilities and limitations of programs and programmers. PRM is then an integral aspect of planning and implementation for IT projects that refers to scope, schedule, resources and cost, (Thorn, 2001, p. 4) in such a way that the end product fits the needs of the organization, is supported and well utilized by it and meets all or most the planning goals of PRM."
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Military Healthcare, 2008.
An analysis of the issues between the Department of Veterans' Affairs (VA), the Department of Defense (DoD), the military health system (MHS) and civilian health care providers regarding the delivery of military healthcare.
9,640 words (approx. 38.6 pages), 9 sources, APA, $ 197.95
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Abstract
This paper is a literature review to study the relationship between the Department of Veterans' Affairs (VA), Department of Defense (DoD) Military Health System (MHS), and civilian health care providers in the area of policy and utilization of management and information technology tools, which currently are adversely affecting the care of active duty military, their families and veterans. The author concludes that the governmental use of Lean and Six Sigma, specifically in the VA, MHS and DoD programs relating to healthcare provision for service members and beneficiaries has greatly expanded the capacity of these organizations to provide the required healthcare. The paper stresses that the management programs of Lean and Six Sigma offer potentials for cost savings, quality service provision and the elimination of waste in these organizations. Includes figures and tables.
Table of Contents:
Objective
Background of the Study
Statement of Thesis
Purpose of the Study
Literature Review
Department Of Defense (DoD) Task Force: On Future of Military Health Care
Systemic Obstacles Identified
DoD Findings Concerning Pharmacy Benefits and Recommended Tier Structure
Military Health System (MHS) Strategic Plan
DoD and VA Joint Strategic Plan
Military Health Systems Deployment of Electronic Dental Record
Health Information IT Systems Combined by DoD and Military Health System
Lean and Six Sigma to Improve Delivery of Government Services
Summary and Conclusion
From the Paper
"In the area of improvement of efficiencies and cost-effectiveness of the military health care procurement system findings relate that that DoD obligations for medical services contracts was $1.6 billion in 1996, and that by the year 2005 this obligation had risen to $8 billion - or an increase of 412 percent. The cause for this growth in spending for service acquisition while is part attributed to recent trends and changes which includes downsizing in the civilian workforce as well as outsourcing and TRICARE benefits expansion along with attempting to meet new requirements as well as new demands."
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Microeconomics Theory, 2008.
An overview of basic microeconomic theory using the restaurant industry as an example.
1,285 words (approx. 5.1 pages), 5 sources, APA, $ 43.95
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Abstract
This paper examines the theory of that all resources are finite. The author points out that key to the concepts underlining the study of microeconomics are the laws of supply and demand. The paper stresses that the laws of supply and demand are very much in evidence in the restaurant industry. The author relates that one beneficiary of the economic downturn are fast food restaurants, especially among the market segment with the least inclination for cooking or interest in health, predominantly male, age 18 to 29.
From the Paper
"The prices of substitute goods also affect supply and demand. If Dunkin' Doughnuts cuts the price of its coffee and breakfast sandwiches, discount merchandiser McDonald's may see a decrease in sales of its coffee and Egg McMuffins, but not in its sodas and hamburgers, because these are not substitute good for breakfast beverages and foods. Changes in the price of complementary goods--gas and large vehicles being an obvious example, will also affect supply and demand, as the price of gas goes up, demand for gas guzzling-vehicles will decrease."
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Victoria Hospital - Mission, Vision, Strategies, 2008.
A case study of the future plans and success of the Victoria Hospital.
774 words (approx. 3.1 pages), 2 sources, APA, $ 27.95
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Abstract
This paper explains that Victoria Hospital is currently undergoing the process of organizational change and that they must highlight their future plans and courses of action. The paper then proceeds to describe how the hospital's vision and mission statement should be developed as well as some of the strategies of operation it should adopt.
Outline:
Victoria Hospital Vision Statement
Mission Statement
Victoria Hospital Strategies
From the Paper
"The mission statement takes on step further and communicates the audience the core competencies and the features on which the organization will base its actions in order to retrieve success. Furthermore, it also points out the main focuses of the organization in reaching their goals. For instance, a basic mission statement for a for-profit organization would be to offer their clients the best products and services and integrate the employees into the corporate culture, while in the same time registering profits. The mission statement is an important tool for communicating corporate objectives and commitment and it is addressed to all stakeholders, such as employees, clients, or patients in the case of Victoria Hospital, business partners or the general audience. The mission statement has to be developed by keeping in mind the corporate values and goals. For the Victoria Hospital, these are: dedicated personnel, the usage of advanced technologies and commitment to preserving and improving patient's health. However due to financial cuts, the management at Victoria Hospital desires to increase their profits, this will not be stated in the mission."
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