Tuesday, February 25, 2020

Applying the conceot of Positive Deviance Article

Applying the conceot of Positive Deviance - Article Example The patient developed septic shock after contracting an HAI called MRSA (methicillin-resistant Staphylococcus aureus). Tragic demise of my friend’s relative was an event which was preventable, but it happened because more attention was laid on treatment and less on prevention. Lack of awareness regarding HIAs is also a big problem. The need of the time is to use a different approach to handle the growing problem of HIAs as current approaches have had poor success in terms of outcomes. We need to bring in the method of PD to identify those individuals or positive deviants who are present in every community and who use unconventional practices or behaviors to successfully solve even the most intractable problems (Bradley et al., 2009). Such individuals offer better solutions than their peers who remain unsuccessful even while having access to same kind of resources. This is why PD is popularized as â€Å"a refreshing theory for social change† (Pascale et al., cited in Sellnow & Seeger, 2013). In order to prevent HIAs and address this grave healthcare issue, strategic initiatives should be taken based on introducing and promoting new behaviors till they transform into permanent habits and creating sustainable change. Research claims that one of the biggest hurdles in the way of PD is to get large numbers of people to quickly embrace a desired behavioral change (Seidman & McCauley, 2009, p. 27). Any behavioral change should be slowly â€Å"communicated over time among members of a social system† (Rogers, cited in Dingfelder & Mandell, 2011). This is called the process of diffusion. In case of HIAs, we should especially remember the famous awareness iceberg according to which crisis in the form of untimely death occurs because there is lack of awareness regarding the intensity of the issue in hospitals. Only 4% problems are visible or known to top managers. Remaining problems remain hidden under the water (Gardam, 2009). Research identifies an established

Sunday, February 9, 2020

Public Listed Company Whose Corporate Governance Has Received Comment Essay

Public Listed Company Whose Corporate Governance Has Received Comment - Essay Example It deals with structuring and allocating responsibilities within the companies or organization. For this purpose the Royal Bank of Scotland Group (RBS) is chosen to continue the discussion. So the corporate governance issues that exploded within the organization which resulted in major financial misbalances would be analyzed. A critical evaluation regarding the risk associated in this case would be made, so as to understand the identified risks and the approaches that were made from the side of management to combat the risks. Furthermore, a detailed analysis of the viewpoints of different stakeholders of the company would be included. The external and internal shareholders, their role and their view for such situation would be considered. Also the auditors of the firm, the government agencies involved and the shareholder’s association’ viewpoint regarding governance problems at Royal Bank of Scotland would be discussed. The purpose of conducting such detailed investigat ion is to understand the significance of corporate governance in an organization and understand the effects that it might have when corrupt governance practices creeps in. The failure of Royal Bank of Scotland was primarily due to liquidity issues, which rose from defective business strategies that not only damaged the status, but also the integrity of the bank. Though it might be felt that the root cause was totally financial in nature, but the initiation was improper governance issues within the organization, which came out after the crisis news got revealed in public. An interesting fact that has been noticed in case of RBS is that a very close link has been shown between the liquidity, strategic and operational risks. Though liquidity risk is the major issues, but the faulty strategies and ill-governance were due to operational risks such as weak challenges, insufficient insight or administration, unconstrained ambitions, poor attentiveness, and majorly due to lack of corporate governance. The report stated by Financial Services Authority (FSA) states that due to poor decisions of the board and the management of RBS, the organization went through financial crisis. It was clearly mentioned in the report that there were deficiencies in the governance arrangements, mechanism for challenges and oversight, culture, and the attitude of the management to balance the growth and risk of the company. FSA was the body responsible for investigating the case of RBS. They studied the situations of RBS and filed a report for the same. Though it was said RBS was a victim of a series of bad management decisions, but they also mentioned that no individual was responsible for such condition of the organization and hence cannot be held accountable for. This was considered to be a manipulated verdict by many corporate governance experts. The RBS board presented a strategic growth plan in the year 2006, but it was not presented after conducting a detailed analysis. The report s howed that the RBD management or board has detailed idea or knowledge about the relevant market or conditions that would lead to such growth, or the key risk factors involved. It was vague or superficial reports that were presented. The next governance question that comes to mind is that, how the risk management team or department of the organizati