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BUSINESS MANAGEMENT Lecture : Processes_That_Are_Critical

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ellainequibol212
20 Feb 2022
School
Cavite State University
Department
Business
Course
BUSINESS MANAGEMENT
Professor

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Document Summary

Once managers understand what is important, they can move on to identifying specific processes that need to be prioritized. Each of these processes has a critical starting point that determines success or failure. The planning process, which allows organizations to focus their resources to maximize their chances of success, is the key to success in most organizations. The key to successful process planning and situations (internal and external), understanding of the people involved in planning and implementing the plan, and the system that can deepen this understanding come first. The means of putting this understanding into practice in order to effectively establish strategies and tactics round out the criteria for an effective planning process. Because it repeats many processes, small improvements can have a big impact. I used to work for an air conditioning company. There, area managers pledged to cut costs one cent at a time for a year.

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Related Questions

  1. How can HR professionals demonstrate that they provide value in terms of return on investment for an organization?
  2. How do an organization’s vision, mission, and strategywork together to help organizations survive and thrive, and what is the role recruitment and selection plays in this? Clearly define each of the terms within your answer.
  3. Discuss the impact of demographics and current socioeconomic conditions on organizational recruitment and selection practices for organizations.
  4. Discuss the impact of demographics and current socioeconomic conditions on organizational recruitment and selection practices for organizations.
  5. Can an invalid selection test be reliable? Can an unreliable selection test be valid? Explain, and provide examples of each instance to illustrate.
  6. Compare and contrast content, construct, and criterion related validity strategies? Provide an example of each approach
  7. Define, compare, contrast, and provide examples of fairness and bias as used in the context of HR selection
  8. Would the Canadian Charter of Rights and Freedoms prohibit an employer from putting in place a selection system that favoured women over men in the hiring process? Could such discrimination ever be justified under the Charter?
  9. What are the prohibited grounds of employment discrimination in Alberta, define prohibited grounds of employment discrimination?
  10. What does it mean to accommodate someone to the point of undue hardship?
  11. Why is basing hiring practices on a “gut feeling” risky business?
  12. Why is a job analysis essential to the defence of any selection process or selection system?
  13. What is the relationship of a “position” to a “job” and a “job” to a “job family”?
  14. What are the major differences between a competency-based selection system, and one developed through job analysis?
  15. What is a competency? Defend your answer
  16. If you were limited in selecting employees based on only one of the four types of performance discussed in this chapter, which one would you choose? Why?
  17. Why is it important to understand performance as part of the recruitment and selection process?
  18. Define task performance, contextual performance, adaptive behaviour, and counterproductive behaviour. Discuss the role each of these plays in developing a recruitment and selection system.
  19. List and explain each of the performances defined in Campbell’s performance taxonomy

 

The first step in the process of organizing a business is to:

A) determine the work that needs to be done.

B) divide people into teams.

C) group workers into departments based on skills or expertise.

D) develop an organization chart.

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?