As a member of the finance team, you have been asked to forecast the upcoming year’s operational budget for Krona Community Hospital. Click here for last year’s budget. After reviewing specific data, internal input, and external input from various sources, you find that the executive management team would like the budget to reflect the following:

10% increase in inpatient revenue

15% increase in outpatient revenue

5% increase in pharmacy revenue

15% increase in home health and hospital revenue

10% increase in payroll and benefits

Additionally, provide discussion on the following:

How do you think that revenue would increase in each of the areas? Think outside of the box, and perform research to determine current trends in those areas.

Why would there be a forecasted need to increase payroll and benefits?

Explain the role of key leadership in the budgeting process, from the chief executive officer down through to the staff level of a financial analyst.

As a member of the finance team, you have been asked to forecast the upcoming year’s operational budget for Krona Community Hospital. Click here for last year’s budget. After reviewing specific data, internal input, and external input from various sources, you find that the executive management team would like the budget to reflect the following:

10% increase in inpatient revenue

15% increase in outpatient revenue

5% increase in pharmacy revenue

15% increase in home health and hospital revenue

10% increase in payroll and benefits

Additionally, provide discussion on the following:

How do you think that revenue would increase in each of the areas? Think outside of the box, and perform research to determine current trends in those areas.

Why would there be a forecasted need to increase payroll and benefits?

Explain the role of key leadership in the budgeting process, from the chief executive officer down through to the staff level of a financial analyst.

Project Management Charter

Provide a written project description.  Remember this is a high level document to initiate your project.  (Specifics of project activities will be detailed later, not here in the project charter.)  The document should include the information recommended by the course required reading (including articles referencing the PMBOK® Guide).  See the grading rubric for additional details.

Provide a written project description.  Remember this is a high level document to initiate your project.  (Specifics of project activities will be detailed later, not here in the project charter.)  The document should include the information recommended by the course required reading (including articles referencing the PMBOK® Guide).  See the grading rubric for additional details.

Provide a written project description.  Remember this is a high level document to initiate your project.  (Specifics of project activities will be detailed later, not here in the project charter.)  The document should include the information recommended by the course required reading (including articles referencing the PMBOK® Guide).  See the grading rubric for additional details.

Provide a written project description.  Remember this is a high level document to initiate your project.  (Specifics of project activities will be detailed later, not here in the project charter.)  The document should include the information recommended by the course required reading (including articles referencing the PMBOK® Guide).  See the grading rubric for additional details.

This assignment has 3 parts.

1. Review the Terminal Course Objectives, accessed by clicking on the “Course Information” tab at the top of your screen, scrolling down to the “Course Objectives” and then selecting View class objectives. How will accomplishing these objectives support your success in management? What risks or challenges might a manager encounter if they have not mastered these objectives? Explain.
2. Societal marketing is on the rise, as more companies consider the value proposition of their image beyond just the features and benefits of a product or service. Societal marketing takes into account issues such as the environment, fair trade, and the overall betterment of society. Select a company that exemplifies giving back to the communities in which it operates. Visit its corporate Web site to find out as much as possible about its contributions to society.
3. Choose a product which you would like to improve upon; determine its current position in the life cycle. Find current two industry leaders related to this product and share each mission statement available from each of their websites.

1. Diagnosis and analysis of causes: If labor outsourcing to developing countries is a legitimate business strategy, how can it be handled without risk of running into a sweatshop scandal?
2. Development of alternatives: What are other countries doing to avoid, reduce or eliminate sweatshops?
   Selection of desired alternative: Decide on alternatives for outsourcing for companies in developed countries, including whether or not to maintain or implement the same high labor standards and regulations as in the home countries.
3. Implementation of alternatives: Which alternatives would be best for outsourcing for companies in the United States?
4. Evaluation and feedback: Have your recommendations been implemented in other countries? Are they working? What has been the outcome?
5. Diagnosis and analysis of causes: If labor outsourcing to developing countries is a legitimate business strategy, how can it be handled without risk of running into a sweatshop scandal?
6. Development of alternatives: What are other countries doing to avoid, reduce or eliminate sweatshops?
   Selection of desired alternative: Decide on alternatives for outsourcing for companies in developed countries, including whether or not to maintain or implement the same high labor standards and regulations as in the home countries.
7. Implementation of alternatives: Which alternatives would be best for outsourcing for companies in the United States?
8. Evaluation and feedback: Have your recommendations been implemented in other countries? Are they working? What has been the outcome?

You are a former Navy officer and fighter pilot, and you are now the controller of a division of TransGlobal Airlines, a large organization that operates a fleet of corporate jets for charter at several airports in the southeast part of the United States. Your division’s private charter clients include several Fortune 500 companies in the region. The Chief Financial Officer (CFO) has informed you that the company is considering the acquisition of two smaller aviation firms in the region specializing in chartered flights for luxury vacations using light aircraft (60 passengers or less). The CFO has tasked you with assessing the organizational benefits of acquiring these aviation firms. The CFO intends to develop a new business plan for the organization if your analysis recommends moving forward with the acquisition.

After an initial assessment, the company has shortlisted two airlines, Company A and Company B, to examine further for acquisition. To understand all aspects of the two airlines under consideration, you have visited each proposed site to assess their performance. The assessment included creating a balanced scorecard for each airline with all four components, financial, internal processes, customers/market, and learning and growth, that will impact the acquisition of each firm.

The CFO has asked you to generate two scenarios for the proposed acquisition based on your analysis and governing or predictive assumptions. They include a worst-case scenario that considers the most serious outcomes that could occur if anticipated targets and assumptions are dramatically wrong; and a best-case scenario if anticipated targets and assumptions significantly exceed forecasts.

Based on your assessment and analysis of the companies in Milestones One and Two, you will create and deliver a PowerPoint Presentation for senior management’s review and analysis. You will also write an executive summary with your recommendations for the leadership team.

Directions

Part 1: Presentation

Record and submit a narrated PowerPoint presentation to share your analysis and recommendations for the proposed acquisitions. Use your data and analysis, along with feedback received from the milestone assignments, to complete your presentation. Note: Remember to use both on-screen text and narration in your PowerPoint slides to convey your information effectively. For example, you can use brief bulleted lists on the slide and include detailed explanations in your narration. A resource is provided under Supporting Materials to help you record your presentation. If you are unable to submit a presentation with narration, be sure to include detailed speaker notes with your submission.

1. Overview
   1. Situation Analysis of TransGlobal Airlines (parent company). Use the information from the Supporting Materials section to highlight the parent company’s current business environment.
      1. Internal environment: culture, leadership, internal processes, human resources, operations, and financial performance
      2. External environment: competitive, market, regulatory, customers, suppliers, and other relevant stakeholders
   2. Acquisition Rationale: Explain why your company is planning to acquire these airlines. What strategic objectives will the acquisition meet? How might the acquisition support the bigger picture goals of TransGlobal?
   3. Proposed Acquisitions: Using the resources provided in the Supporting Materials section, provide an overview of the two companies under consideration to be acquired. Include the following information for each company:
      1. Location, size, and age of the firm
      2. Customer segment and target market
      3. Major competitors
      4. Company leadership
      5. Current financial and market status
2. Analysis
   1. Analysis of Company A. Present your data and analysis of Company A. Include the following in your analysis:
      1. Balanced scorecard data: Share the balanced scorecard for Company A. Copy and paste the relevant sections from your Milestone One spreadsheet. The balanced scorecard should highlight key performance indicators, such as net profit, annual growth, and market share, and include the four components:
         1. Financial: Complete the financial section of the balanced scorecard template, identifying two of the most impactful key performance indicators.
            1. Explain your rationale for the KPIs chosen, along with the cause-and-effect relationship between the chosen KPIs.
         2. Internal processes: Complete the internal processes section of the balanced scorecard template, identifying two of the most relevant KPIs.
            1. Explain your rationale for the KPIs chosen, along with the cause-and-effect relationship between the chosen KPIs.
         3. Customers/market: Complete the customers/market section of the balanced scorecard template, identifying two of the most relevant KPIs.
            1. Explain your rationale for the KPIs chosen, along with the cause-and-effect relationship between the chosen KPIs.
         4. Learning and growth: Complete the customers/market section of the balanced scorecard template, identifying two of the most relevant KPIs.
            1. Explain your rationale for the KPIs chosen, along with the cause-and-effect relationship between the chosen KPIs.
      2. Balanced scorecard analysis: Describe your analysis of Company A’s performance based on its balanced scorecard components. Perform a cost-benefit-risk analysis to explain whether the benefits justify the costs of acquisition.