Week 6 Discussion Questions and Participation Questions Essay

Week 6 Discussion Questions and Participation Questions - Essay Example As a manager of a business I would optimize the utility of my human resources by investing in education and training. When employees improve their knowledge and skills they are able to produce more. The company can offer its employees a yearly education expense retainer between $5000-10000 a year. The money would reimburse the employees for educational expenses which include tuition, books, and other materials. Training is an effective wait to transmit knowledge to a large pool of participants in a short period of time. I have participated in company sponsored training initiatives. These trainings have helped me become a better professional through the acquisition of knowledge. My opinion is that the benefits of growth out weight the costs. Americans citizens enjoy one of the highest standards of living in the world. Due to this prosperity millions of people come to the country legally and illegally in search of a better future for themselves and their families. China is an example of a country that has ripped the benefits of economic growth during the last 30 years. The economy of China has achieved double digit economy growth during the past three decades. There are some costs to economic growth. Humanity has to protect the environment and the natural resources. As a manager I would pay close attention to the concept of implicit and explicit costs. The most common implicit cost is opportunity costs. I would evaluate different alternatives or opportunities in order to determine which can increase the profitability of the company the most. Another concept from the article that I would use in my managerial career is that people response to incentive. To increase the revenues of the company I would sell the merchandise online. A price discount of 15% on online sales is a way to increase the revenues of the company. FedEx and UPS are having record high quarters – I would interpret that the economy

Management Information Technology Essay Example | Topics and Well Written Essays - 250 words

Management Information Technology - Essay Example The article notes that despite these advances rarely they been applied outside the laboratory where they were designed. The availability of clinical data has been observed to be crucial in the promotion of use of these developments to enhance the practice of medicine. I think the usage of the electronic medical information can be improved by creation of a common data base in the cloud. There should also be harmonization of terminologies and codes whose meaning should be included in the database so that the information stored therein can be of use to all doctors and medical practitioners all over the world. Most importantly, there should be creation of an app that are easy to build and can be used to make sense of data that has been extracted within a short time. All medical practitioners should use a common app that uses the same terminologies to avoid confusion. Today there are virtually apps for accomplishing almost everything. Why not build one for electronic health records (EHR) that is cheap and efficient. The app swiftly transforms raw data into readable information reducing the time patients have to wait to be attended to and making it possible for medical practitioners to attend to more patients within a short period of time. Therefore, t he EHR can only be useful if they are accompanied by smart IT solutions. Meyster, M. Savova, K., Kipper-schuler & Hurdle (2008). IMIA Yearbook of Medical Infromatics 2008. Extracting Information from Textual Documentsin the Electronic Health Record:A Review of Recent Research. Retrieved from