Managed Care Organization Premium               For this discussion board, we will be discussing a Managed Care Organization (MCO) whose marketing manager reduced the MCO’s premium by 10 percent and saw a 20 percent increase in the number of subscribers.  After seeing this increase, the manager then thought that if the premium were reduced by another 20 percent there would be an additional 40 percent increase in the number of subscribers.  The reasoning behind this, is meeting the main goal of using elastic demand.  Though, before expanding on the discussion of elastic demand, the concept of price must be determined.  Price is the “level of monetary reimbursement a firm demands for its good or services” (Berkowitz, 2017, p. 342).  Additionally, when a company establishes a price it is corresponding to the “level of value that the customer perceives in the service being offered” (Berkowitz, 2017, p. 342).  The example provided, shows how a change in the value of the product can alter how the customer perceives the service or services that are being offered (Berkowitz, 2017).  Deciding on a products…

L’Oreal company Innovation can be sustained through the promotion of autonomy, variety, and experimentation. L’Oreal has maintained innovation in the industry by dismantling formal structures and task regulating systems. They have introduced various departments that are responsible for multiple projects. On the other hand, the company has encouraged the development of informal autonomous working groups. The strategy has helped the company to coordinate various departments hence promoting innovation. Additionally, the groups play a significant role in fostering new ideas into the company. The company gets access to productive ideas that help during the decision making process. The groups have a chance to exchange knowledge and informal teamwork. L’Oreal has gained the freedom to make exploration and make experimentation within a given structure. The company developed organizational allies of innovation. L’Oreal is a communitarian organization that encourages lateral open communication. Worker feels part of the company when the management gives them a chance to present their ideas. L’Oreal embraces decentralized decision making. The company allows workers with extensive local knowledge of the current situation to make decisions. L’Oréal’s operation is based…

Differentiation between Codes, Policies, and the Law As a human services professional, it is critical to understand various laws, codes, and policies that are supposed to direct and inform behavior. Ethics codes are developed by an organization or a field to help its members to distinguish between wrong and right. Ethics codes aid in the decision-making processes of human services professionals. Standards of practice offer direction about ‘how-to’ perform various duties and tasks that are expected of the human services professionals. Employer policies are specific policies that are developed by an employer to regulate or inform the behavior that is expected of the members of the workforce. The law refers to regulations and legislation that are applicable within a given country or jurisdiction. Laws are holistic in nature and apply to everyone regardless of their position in society. In the field of human services, ethical guidelines are provided by the NOHS. The standards were developed to ensure regulation of the profession while at the same time ensuring that clients served by human services professionals are protected from any form of…

Distinguishing the role and how it promotes patient outcome The FNPs role is clinical because the nurse is in contact with the patient every time, including in treatment, diagnosis, and patient health education. Patient issues are covered during patient-nurse interaction. Patient education is done alongside other nursing roles, such as diagnosis or treatment roles. It promotes patients to improve their health outcomes. The nurse provides care as the primary physician could provide it. FNP offers patient care at the family level as a healthcare provider (Coombs, 2015). Application of Advance Nursing Practice concept in patient outcome Emphasizing on nurses in advanced practice to enhance patients’ access to healthcare services is attributable. ANP encourages patient health safety and access to health information because of a direct encounter with the patient. Any health information necessary for the patient is delivered to the patient and family because nurses are primary care providers. The primary care role helps to ensure first contact and continuity of care through the harmonization of care according to the needs of the patient (DeNisco, 2019).

Biography of Abraham Lincoln Abraham Lincoln and Martin Luther King are personalities with memorable contributions in American history. Although they lived at different times, their philosophies shaped the history of the country in similar ways. The most outstanding similarity between these two figures is their fight for the civil rights of African Americans. This essay compares and contrasts the lives and contributions of Abraham Lincoln and Martin Luther King. First, the paper focuses on their biography to understand their lives and what shaped their philosophies. Subsequently, the essay discusses their contributions to find similarities and differences in their experiences.   Biography of Abraham Lincoln Abraham Lincoln lived between 1809 and 1865. He hailed from Kentucky, Indiana, from a poor background (McPherson). Since his parents were poor, Abraham struggled to educate himself and qualified as a lawyer in 1836. He practiced law in Springfield, Illinois. Between 1834 and 1842, Lincoln sat in the state legislature, where he honed his political acumen. Consequently, he won an election as a Congress Representative in 1846 and represented the Whig Party for a term. A…

The establishment of ethical considerations in the business operations The establishment of ethical considerations in the business operations addresses various issues that need to be put into consideration by a company. In the contemporary world, the focus on this issue requires an emphasis on the diversity of training to improve the relationship between employees and employers. The main concern for ethical considerations entails the need to be accountable in the management of finances, participation in social media, harassments and discrimination activities, the ability to ensure and maintain health and safety, as well as technology and privacy issues. However, it is essential to understand the factors which need to be considered in the video game industry where the company operates. The ethical considerations The development of video games has been integrated into media and technology since the rise of these product’s popularity. Besides, video games often take time to create since it is developed as a result of influence from various forms of popular entertainment. This issue on ethical has an impact on the home country of the company Japan and…

human resource management for the Samsung Company Samsung is a multinational company dealing with the production of electronic devices such as mobile phones, tablets, iPods, desktop, fridges, washing machines, and television, among others. The company has its headquarters situated in South Korea, but it is popular all over the world, where it has opened branches in a number of countries such as Vietnam, China, India, Brazil, Indonesia, and South Korea. Samsung is one of the greatest electronic companies in the world, competing with other great companies such as Sony Inc., Apple Inc., and LG. In recent days, Samsung Company has focused on developing human resources to ensure it has remained competitive since similar companies are coming up in large numbers globally. Most of these companies rely on the internationalization of technology and productivity of the labor force; thus, human resource managers of the Samsung Company have begun to come up with ways to enhance the employment relationship between the company and the employees. In 2o14, the company announced that it would no longer on the academic qualifications when looking for…

The VRIO framework The VRIO framework is a strategic analysis tool that is designed to assist organizations to primarily uncover as well as protect the resources and capabilities from providing them with a long-term competitive advantage. The central concept of this tool is to establish a sustained competitive advantage of the company in the industry. Additionally, the VRIO framework outline some of the elements to come up with possible measures of sustainable need for competition in the industry (Chatzoglou, Chatzoudes, Sarigiannidis & Theriou, 2018). Valuable is the initial element that is described in the framework. Substantially, inquire whether the resources can add value by enabling a firm to exploit opportunities or even have the capability of defending against possible threats. Therefore, if the answer is yes, then the resources are considered valuable and can increase customer value. The next element is rare, which also indicates that resources can be acquired by one of the few companies to be considered rare. These rare and valuable resources assist in granting a competitive advantage in various measures. There are cases where more than…

marketing capabilities in international marketing Marketing capabilities is a widely explored topic in marketing research. The article, marketing capabilities in international marketing, examines whether marketing capabilities in international markets differ from those applicable in domestic markets. The draw insights from secondary data obtained from existing literature published in reputable journals to explore this subject. This paper provides a critique of the article and relates the authors’ arguments with the unit’s concepts of the marketing mix, organizational structure, and marketing orientation. One of the strengths of this article is the lucidity of its purpose. The authors have stated the objective of their research clearly, making it easy for the readers to follow. Morgan, Feng, and Whitler (2018, p. 62) sought to provide managers insights on ways of building, leveraging, and sustaining capabilities within the international context. They address the gap in knowledge by probing the differences between the capabilities of international markets and domestic markets. As such, the authors inform about organizational capabilities that enhance competitiveness in the international markets. Secondly, the authors’ meticulousness in selecting the articles for review guarantees…

Powerful tips for buying a handbag   A handbag is a small bag that is used by the women to carry their items. Some many physical stores and websites offer handbags. However, due to the technology, it is necessary to purchase on the online store such as Tembo NYC. It is too easy to search for bags on the web. This expands your options as a client. It also reduces the chance of getting pressured into buying at an extremely high price by the salespersons in the physical stores. There are various things that you need to consider when you are purchasing a pulse.   The other thing to consider is pricing — different dealers of bags selles at different prices. The cost you are paying should be equivalent to the handbag you are purchasing. It is always prudent to survey the market for the best possible evaluations. After all, the whole idea behind arranging for these bags is to increase the profit by affecting sales through effective marketing. Therefore, there is no point in spending excessive amounts on the…