Friday, May 22, 2020

Critical Thinking - 1774 Words

Critical Thinking Case Study Chris had just been promoted as an Executive Assistant for Pat the CEO, Chief Executive Officer, of Faith Community Hospital. Pat had given Chris her very first assignment on her first day of work as an executive assistant and that was to gather information so that Pat can present the issues to the board of directors. Faith Hospital is faced with issues that needed attention and the board of directors must be notified of the issues so that a solution can be remedy to help the hospital stay in business. Chris was to look at the different issues that Pat had informed of her during their first meet and capture only what were the essential issues for the board of directors to know. Some of the strategic†¦show more content†¦With that as the external panoramic view, let me paint the picture for you, from the inside, said Pat (Resource). This type of media coverage causes a decrease of the number of patients that the hospital serves every year. With the decrease of patient, that translates to the decrease of revenue for the hospital that affects the hospitals budget. Compare to the prior year the hospital lost 7% of the patient population. The hospital has 28% fixed cost yearly that is required to run the hospital business such as: paying the bills which most likely includes paying the employees, utilities equipment maintenance and serving the people. Some of the data shows that the hospital needs to hold steady at 7863 patients and 39,866 patient days or the hospital will need to reduce fixed cost by 15%. The fixed cost cannot be reduced so if there is decrease in the patient admittance into the hospital for service then the less income the hospital receives. That means the hospital needs decide on cutting the cost on the fixed cost just to break even to keep the hospital running. Some of the tough decisions would be to reduce the hospitals headcount. Solutions To help tackle the issues and problems, Faith hospitals board of director need to sit down and come up with ideas that will help the hospital resolve the issues. SolutionShow MoreRelatedCritical Thinking And Critical Thinking753 Words   |  4 Pagesaway from the normal. We begin the critical thought process of thinking outside the box. Critical thinking is the process of evaluating your decisions, providing positive or negative feedback, and researching conclusions. At the point when used correctly, it reduces the issue of complacency in how we carry on with everyday activities. Critical thinking in a personal business decision Before I started my business as being a mobile deejay, I had to make critical decisions on the type of events, sortRead MoreCritical Thinking1715 Words   |  7 Pagesï » ¿KENYATTA UNIVERSITY SCHOOL: HOSPITALITY AND TOURISM DEPARTMENT: TOURISM UNIT CODE: UCU 103 UNIT TITLE: INTRODUCTION TO CREATIVE AND CRITICAL THINKING GROUP MEMBERS NAMES: REG.NO. 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