No Assignment Example | Topics and Well Written Essays - 750 words

No - Assignment Example Furthermore, the crux of the matter, as the authors relate it, hinges upon the differential that is noticed between the aforementioned â€Å"real option† as compared to the â€Å"discounted cash flow†. Regardless of the causal mechanisms, the authors argue that understanding EC as a function of behavior and what triggers it are key concerns for the operations and decision making structures that many organizations and individuals employ on a daily basis. Methods The methodology that the study employed was concentric upon a group of 80 financial managers which were drawn from a diverse group of companies. For purposes of the study, the participants were all graduates in either accounting or management. As a means to insure that the participants all had a modicum of experience, the participants were only selected from those which had a minimum average experience of around 7 years on the job. As a means of answering the questions associated with the research questions, the researchers distributed among these 80 participants a questionnaire which was divided into 3 separate and distinct subsections. The first section introduced the research and required the participants to give their general information; to include age, sex, degree, field of expertise etc. Likewise, the second part was divided into two subsections of its own. The first of these subsections offered a brief explanation of the capital budgeting methods (real option or net present value). The second subsection elaborated upon how the former were calculated; giving examples and showing the methodology/formulation. Similarly, the third section consisted of three subsections of its own. The first of these subsections helped to describe the hypothetical project to the participants as a way of seeking to gain shareholder buy in. The second subsection sought to obtain a quantitative measurement based upon the first with respect to whether they would seek to abandon or salvage a given project on a scale of 0-100 (Karimi et al 478). Likewise the third subsection required the participants to answer 9 multiple choice questions with a 0-5 rating concerning their hypothetical choices that have been previously determined within the other sections. Description Although previous studies have worked to show that the use of real option methods for the purpose of evaluation tend to yield better results, the hypothesis that were tested within this study helped to reflect a slightly different result. This is no doubt due in part to the participants which were involved. Whereas previous studies have relied almost exclusively on university students in order to populate their studies, this particular study relied exclusively on those that have spent an average of 7 years within the industry and likely this factor more than any other has helped to differentiate the results that were seen. This helps to necessarily present the researcher with a clear and unavoidable juxtaposition of actual r eal-world experience that has helped to inform the research question. Evaluation I found this project to be contextually interesting but the research model and statistical generation that were reported could have been much better written as a way to engage the reader/researcher with the findings

Leadership and Management in Nursing Essay Example | Topics and Well Written Essays - 1750 words

Leadership and Management in Nursing - Essay Example Our nursing values are based on passion, respect, integrity, and on delivering the best healthcare services. Based on the above mission, vision, and values of our organization and of the nursing department, this paper shall now analyse such elements and discuss the extent to which these values are reflected in the nursing management and leadership of the hospital. The vision of the organization is to add years of healthy life to the people of Singapore. This vision is common to other health care organizations. This vision statement was able to capture the overall purpose of the organization. Vision statements of healthcare organizations present hopes for the future (Williamson, 1997). They are goals for the long-term and are based on general goals which the organization seeks to gradually obtain through the implementation of more specific objectives. This vision presents what the organization seeks to become as it now seeks to fulfil its mission. In the case of the hospital, it presents its larger goal and realization through its vision of seeking a longer life for the people of Singapore. It is also an inspirational and challenging statement. It presents a lofty and seemingly unobtainable goal, and it cannot stand alone without a more specific set of goals. The mission statements for the organization are closely linked to the organizationâ⠂¬â„¢s vision. The mission statement for the organization is more specific in attaining and reaching the organization’s end goal. It specifies its nature as an organization – that of building tradition; reaching out to the community; doing best to serve, care and heal; and of aiming for excellence in cost effective healthcare education and research. Mission statements for the organization are laid out in order to specify the products and services offered by the organization (Swayne, Ginter, & Duncan, 2006). Some hospitals and