BUSINESS MANAGEMENT Lecture : Apply_the_Management_Process

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ellainequibol212

20 Feb 2022

School

Cavite State University

Department

Business

Course

BUSINESS MANAGEMENT

Professor

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Document Summary

Apply the management process to persuade employees to work together to achieve the company"s common goals this is not a one-time event, but rather the ongoing development of complementary activities. Simply put, a management process is a well-defined system for establishing goals, planning actions, and controlling their execution. It denotes the collection of interconnected operations or features required to achieve the desired organizational objectives. Senior managers in an organization are in charge of carrying out that management process. This, however, does not apply to all management processes. For example, the project manager may be in charge of carrying out the project management process. Achieving predefined goals is an essential part of the management process. It is a means of achieving long-term objectives. There is no justification for an existing management process if it lacks a purpose. All activities in an organization"s management must have a purpose. Any organization"s leadership success is measured by the achievement of predefined goals.

Related Questions

Identify which human resources management activity is being illustrated in the following examples:

HR management activities:

staffing	compensation & benefits	training & development
compliance	employee relations

1) Identify which human resources management activity is being illustrated in the following examples:

6) _____ training and dev _____ A manager conducts job orientation for several new employees.

7) _____ An HR manager makes sure the company is following equal employment opportunity (EEO) laws.

8) _____ An HR manager negotiates with an insurance carrier to get a good deal for the company.

9) _____ An HR manager listens to and records an employee grievance.

10) _____ A supervisor negotiates a job offer with a candidate.

11) _____ A department manager develops an instruction manual for one of the company's job positions.

12) _____ An HR manager perfors background and reference checks on a potential candidate.

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One of the first things you learned as a new employee of the medical center was the critical importance of the revenue cycle and its consequential management. You were eventually promoted to the position of revenue cycle auditor, which requires you to complete the following auditing processes:

•Compliance monitoring

•Denials management

•Tracking resubmitted claims and appeals for denied claims

•Posting late charges and lost charges

Your job also requires you to monitor resource allocation using data metrics and analytics reported by departments of the medical center and state health care organizations. You are able to utilize data analytics from data warehouses as well as perform data mining.

What is the definition of revenue cycle management?