Of course, McDonald's was quiet about its adoption of its rival's processing innovation. McDonald's might argue that in terms of its philosophy, essentially, McDonald's was putting its customers first and viewing them individual customers rather than as projected statistics plotted on a demand curve.
This philosophy is at the heart of patient-focused care, a recent strategy adopted by many hospitals in response to criticism of the healthcare system as unnecessarily faceless and bureaucratic. One example of patient-focused care is how, in the distribution of healthcare to different patients, hospitals may adopt point-of-care treatment for critically ill patients, to minimize moving these patients around. This improves patient care yet also is more cost-effective in the long run. "Patient-focused care (PFC) or patient-centered care is a model chosen by many hospital CEOs in attempts to compete. PFC is a means for decreasing the cost of providing health care while improving the quality of health care services. Its principles flow from those of TQM/CQI, bringing patient care needs as close to the bedside as possible. In doing so, according to the logic of PFC, the number of workers needed to provide the care decreases and the time nurses have available to spend with patients increases. Therefore, the cost of care goes down while the quality of care goes up" (Myers 1998:1).
However, much like McDonald's was very cagy about its adoption of the strategy of health care provision of its most contentious rival, Burger King, hospital organizations have likewise deemphasized the theoretical grounding in business management of these patient-focused principles, and instead have chosen to stress PFC's benefits for the patient -- even the name of patient-focused care suggests this potential marketing appeal. Like all change in healthcare, this has been problematic at times during its initial phases, as organizations have had to reorder their hierarchies of different departments, as the patient's needs, rather than standard operating procedures,...
New best practice for a company in Stage I or II would be to measure everything. The reason for this best practice is simple, harkening back to Frederick Taylor -- you can't manage what you can't measure. Small, growing firms tend to focus on marketing and on selling new products, not professionalizing their management. But measurement is a key best practice that firms should employ as early as possible in
McDonald's New Challenges A look at how socio-culture trends such as obesity will require that McDonald's breaks from standardization on a grand scale (Fitness Mantra, 2007) Industry Overview Influence of Culture and Demographics Supporting Work McDonald's is the multi-national company (MNC) that has worked to break through internal barriers on a global scale. McDonald's has been at the forefront in new market expansion and the organization has now covered nearly every market on the globe (Lafontaine
Edwards (2005) writes, "This principle asks businesses to use foresight in the development of new products and processes and, if these are deemed potentially dangerous to society, to refrain from further action" (p. 55). This ethical concept shifts responsibility from the consumer and regulators to the business itself. The burden lies with the company to prove that technologies, chemicals, or practices are sustainable and safe. This is important because
Marketing Channels and Methods -- the New Svelte Shape of McDonald's Objectives & Mission Statement Although McDonald's latest advertising slogan, as proclaimed on its 2005 website, is "I'm lovin' it," (McDonald's Official Website, 2005), shareholders in the fast food company have not be equally enamored of its current stock performance and plummeting sales. (The Rogue Investor, 2005) Thus, the objectives of the new McDonald's marketing campaign must be to undo some of
2010, October 12 Governmental and Private Sector Accounting in the Healthcare Field Governmental and Private Sector Accounting in the Healthcare Field: Reducing Costs to Make Healthcare More Affordable Healthcare costs have risen astronomically over the past two decades and this has resulted in the role of accounting in the health care industry undergoing change. It is reported that the "escalation in medical costs has been the number one issue in health care
One of the main reasons that have been highlighted by the prosecutors is that the pressure to clear up the asbestos from the basement was intense and the contractors were constantly being forced to finish the work. Because of an increased pressure, the contractors and the workers working under the contractors were working in a miscalculated manner. One of the wrong decisions that were made by the contractors was to
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