Preview

You Are the Revenue Cycle Coordinator for Anywhere Hospital. the Decision Support Department at Anywhere Hospital Is Concerned Because the Volume of Remittance Advice Remark Code #M39 (the Patient Is Not Liable for

Satisfactory Essays
Open Document
Open Document
293 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
You Are the Revenue Cycle Coordinator for Anywhere Hospital. the Decision Support Department at Anywhere Hospital Is Concerned Because the Volume of Remittance Advice Remark Code #M39 (the Patient Is Not Liable for
Case 10
Home Depot Implements Stakeholder Orientation

1. On the basis of Home Depot’s response to environmental issues, describe the attributes (power, legitimacy, urgency) of this stakeholder. Assess the company’s strategy and performance with environmental and employee stakeholders. Using the Reactive Defensive-Accommodative-Proactive Scale, the company can be assessed for their strategy and performance with environmental and employee stakeholders. In 1990’s, the people in the community began to push for more eco-friendly practices. Home Depot then began to develop and implement these environmental principles. These principles helped to guide a number of different programs to help eliminate and minimize the company’s and shopper’s impact on the environment.
2. As a publicly traded corporation, how can Home Depot justify budgeting so much money for philanthropy? What areas other than the environment, disaster relief, affordable housing, and at-risk youth might be appropriate for strategic philanthropy by Home Depot? The volunteers at Home Depot volunteer a lot of time to help out the less fortunate. They have raised and contributed to disaster relief projects and charities. Volunteering and donating time and money is a write of that Home Depot does not need to justify further. It builds trust with the community, customers, and stakeholders.
3. Is Home Depot’s recessionary strategy of eliminating debt and halting growth a wise one? What would you recommend to the CEO? Home Depot was able to forecast the recession that was coming and made them think twice about opening new stores. Instead of opening new stores they were able to ensure that they would have money for current bills without going under and having to ask for assistance from the government. I feel the CEO did well in this situation and do not have any further

You May Also Find These Documents Helpful

  • Powerful Essays

    Home Depot Mission Statement

    • 4262 Words
    • 18 Pages

    Ron Brill, and Pat Farrah. The main purpose of these founders were to make money and keep shareholders happy. On the other hand, founders also believed in doing charitable work for the society. They wanted to give back to society by helping the deprived ones. Therefore, Home Depot decided to create a CSR policy in 1991. This CSR policy mainly focused on helping communities with housing, natural environment, helping youths and natural disaster…

    • 4262 Words
    • 18 Pages
    Powerful Essays
  • Best Essays

    The competitive environment in today’s business world poses many dangers to the sustainability of the biosphere, which is so vital to life. Business organizations have a responsibility to help sustain and preserve the environment for future generations. Corporations must take initiative in developing business plans that incorporate sustainable business practices into the strategic direction of the organization. Successful achievement of a sustainable business plan also requires identification of barriers to implementation and development of strategies to overcome such barriers. In addition, to measure the success of sustainable business practices, organizations must continually monitor the progress and communicate results of their sustainable plan efforts. A review of the Riordan Manufacturing’s current business practices helped to illustrate the development and implementation of a successful sustainability plan. Riordan must concentrate on developing a plan to address unsustainable practices such as the release of harmful emissions, improper disposal of off-spec raw materials, and the release of harmful solvent cleaners into the biosphere. To implement these strategies and secure the improvement of Riordan’s sustainability, the organization must anticipate financial, social, ethical, technical, and practical barriers to these plans. Understanding the barriers helps the organization prepare an action plan to overcome these obstacles and ensure the successful implementation of its plans. The keys to avoiding impediments from financial, social, ethical, and technical barriers are communication and commitment. Communication is vital to the implementation of a successful sustainability plan. Riordan Manufacturing must institute a comprehensive communication plan to address the concerns of affected stakeholders. In addition, the…

    • 3559 Words
    • 102 Pages
    Best Essays
  • Powerful Essays

    Costco mini case study

    • 1265 Words
    • 4 Pages

    3. Do you think Jim Sinegal has been an effective CEO? What grades would you give him in leading the process of crafting and executing Costco’s strategy? What support can you offer for these grades? Refer to Figure 2.1 in Chapter 2 in developing your answers.…

    • 1265 Words
    • 4 Pages
    Powerful Essays
  • Better Essays

    The Home Depot wisely forecasts and assesses its risks while maintaining flexibility to assume increased or decreased influences affecting internal operations. According to the annual report for 2009, The Home Depot’s returns declined as compared with its 2008 earnings, as did stock prices. The company forecasted for this decline with the closure of several underperforming stores in 2008. Cutting the ties of projected threats made capital resources available to concentrate on heightening strengths and improving upon weaknesses. Company growth does not solely equate to the gain of more real property. Growth produces many internal facets through…

    • 1565 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Home Depot has identified four areas of focus in its responsibility toward the community including affordable housing, at-risk youth, the environment and disaster preparedness, response and relief.…

    • 1603 Words
    • 7 Pages
    Good Essays
  • Good Essays

    Home Depot has undergone some recent changes that were affecting the company’s business overall. Robert Nardelli, the former CEO of Home Depot came under fire for the size of his pay package as well as his management style, stepped down and left company. “Nardelli had faced growing criticism from shareholders for what some…

    • 808 Words
    • 4 Pages
    Good Essays
  • Good Essays

    They believed strongly that their company should give back to the community in whatever way they could. Home Depot’s approach to social responsibility has four focus areas. These areas are affordable housing, the environment, youth at risk; and disaster preparedness and relief. Another way that Home Depot fosters social responsibility in the community is through its employee volunteer program, Team Depot. Team Depot consists of associates who volunteer their own time to work on projects in their communities. Team Depot has since evolved into a significant component of Home Depot’s efforts to give back to the communities where it operates. The company’s focus on giving back to the communities in which it operates helps build its reputation for being a good…

    • 561 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Home Depot Observation

    • 1448 Words
    • 6 Pages

    If you stop and think about how much money is spent on repairs and changes to homes, it will make sense why I choose to look at the Home Depot to really understand my community. Walking around the store and talking to employees about their experiences I found out Home Depot is not a good representation of the surrounding area but its own little biotope. It seems to have to have a higher amount of special crowd that is attracted to the store, its own idioms and offer its own incentives.…

    • 1448 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    It is no mystery that companies exist and desire to make a profit from their product or service being offered. However, it is becoming increasing popular that companies desire to achieve social responsibility in order to increase their public image, which in turn should lead to increased profits. In this class, we learned that social responsibility is the duty to take an action that will benefit the interests of society and the organization (Kinicki & Williams 2011). One of the ways to become more socially responsible that is adopted by many companies is through green management, which is referred to using various policies to reduce environmental problems (Tim Barnett, n.d.). More and more companies are becoming concerned about the impact their organization is having on the natural environment.…

    • 2523 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Q5) “Tough times demand tough decisions.” As the CEO of Williams, would you recommend accepting the proposed $900 million financing offer? If not, what alternatives would you pursue?…

    • 2088 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Measuring Enterprise Impact is the recognized way in which a company shows the value their organization is delivering to its beneficiaries and society as a whole. In week four we discussed different ways in which organizations are greenwashing. Example given by Dawn Stanley "My company, recently went completely solar energy, reducing its footprint in electricity by 80% or better. The initial cost was enormous but when amortized over a period of 20 years the savings is huge, and the marketing impact, it can have with consumers in America, is huge. Now if we simply moved parts of our company to Mexico where the environment laws are different." A lot of businesses have turned to outsourcing to third world countries, moving the problem from one country to the next. (Tracey) Companies do sometimes mislead or attempt to hide unpleasant facts to customers by making false claims about green product or services. Outsourcing jobs to other countries depending on the intention of that company that would be considered a hidden trade-off. Companies will sometimes misdirect the public, emphasize the good and hide the bad. Unfortunately consumers are exposed to a green market claim that focuses on a very carefully set of positive attributes, while remaining silent on the downside that, if known, would make the eco-friendliness of the product questionable. The team discussed Black and Decker as an example "(Black and Decker is a good example of a company with a plant 200 miles or less into Mexico) where the black smoke is pouring out every day." Not only is this affecting the environment but the question has to be asked, how is it affecting the employees?…

    • 484 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    This paper will discuss the structure of Wal-Mart's corporate culture and how it influences their employees. In order to understand an Organization Behavior there are different elements that will create the employees perspective of the organization’s culture such as the management’s philosophy, vision, values, and goals. The driving force of these elements will create the culture of the organization. An organization’s culture will define the leadership, and dynamics of the organization. With each element listed the employees of the organization will identify this as work life that will guide their level of motivation. Depending on which level of motivation the employees are at will determine the outcome of their performance, along with their satisfaction, and development. The entire elements combine helps to build the framework in the way the organization operates. (Davis, 1993) It is important for Wal-Mart to understand their employees’ job satisfaction, fairness, personal development and growth within its organization.…

    • 2969 Words
    • 12 Pages
    Powerful Essays
  • Satisfactory Essays

    Topic or core idea: Write an Executive Summary outlining the current financial position and competitive environment of The Home Depot, Inc. This should include its “return to retail” strategy and its approach for managing through the current economic cycle. You should use this information to summarize the key risks associated with lending to this business.…

    • 290 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Case Questions

    • 1952 Words
    • 8 Pages

    8. What actions do you recommend that eToys.com’s management team take to improve the company’s strategy and profit prospects?…

    • 1952 Words
    • 8 Pages
    Satisfactory Essays
  • Satisfactory Essays

    What would you recommend to the CEO given your analysis of his approach thus far…

    • 287 Words
    • 2 Pages
    Satisfactory Essays