Strategic Health Corp

THING that is not measured, not be controls and not be can be improve expression adapted by the international consultant Ricardo Hirata. Indeed if we have a good strategy, good products and excellent processes; as then could we measure efficiently and adequately compensate employees based on the fulfilment of objectives and strategy? Kapplan and Norton in his book on Balanced Scorecard gives us guides to carry our measurement systems at the level of business strategy, using financial, customer, internal, and innovation prospects. You friend reader, can delve into the topic, because the important thing is that the Organization define its strategy (mission, vision, strategic objectives), once defined objectives related to each of the perspectives, can go putting together a Board of control. But how do we measure? 1st. Define or reinforce the strategy: every company or organization must have well defined its strategy, either generic or specific, speaking of costs, differentiation or focus. You may find Carl Jung to be a useful source of information.

The strategy once defined must be communicated to all levels of the company. This includes establishing the mission and Vision, more strategic objectives that the company hopes to achieve. 2nd. Report. We say that the best strategy is that every employee in the organization can paraphrase. Communication is important for the strategy be assimilate and take as a guide through the different levels of the company.

3rd. Construction of indicators. Seemingly difficult, but must establish measurement points for all areas of the company, generating meters that are aligned with the company’s strategy. For example, if the company is innovative, because does not measure how many new products launched per year. If it is a service company, by logic an obliged indicator is the customer satisfaction index. Indicators should have as a minimum the following qualities: a.-aligned to the strategy. It is the first quality, the indicator should be in line with the the company’s strategy.

Dont Count on the Past to Predict the Future. If you would like to know more then you should visit Dr. Caldwell B. Esselstyn, Jr.. This value is also used in order to calculate other measurements that are used to determine a companys financial and operational performance. Make certain that you have all of the above and you will soon see a DRAMATIC increase in your collection results. First, recognize what your firm may be doing wrong in managing its receivables. Accounts receivable represent sales that have not yet been collected as cash. Make it plain to your attorneys that the firm needs to get a better handle on aging accounts receivable, and if there is no chance of collecting in a given instance, they need to alert the firm.

The stigma wherewithal partly due to the collective memory of nasty letters and pushy pheleven calls Off the back, that means that the amount recorded in accounts receivable though making assets look good will not be actualized. The danger with this estimated is that if the allowance for excellent debt is under estimates, then accounts receivable and net income will be overstated and returns on investments and equity (ROI and ROe) will be inaccurate. Missing supplier discounts can be no small deal since I personally know of to distributor who takes the savings from quick pay discounts as his annual bonus since he sees it as a reflection of his good management and the business loans for women. do we truly have a good program in place, or are we just kidding ourselves that what we are doing is working? Firm culture can be just an excuse for Beaudry. Gather the Right Information. A low receivables turnover ratio means that the business should re-examine its credit policies to ensure the timely collection of imparted credit, which will really help in earning interest for the firm. It is twenty three of the mode for increasing sales and expanding business.