Budgeting and the importance of an organization's financial health are critical elements to consider as part of your role as a public health manager. Question briefly define financial management skills 1. strategic problem solving 2. budgeting and connecting to the broader concepts of management effectiveness or efficiency

Budgeting and the importance of an organization's financial health are critical elements to consider as part of your role as a public health manager. Question briefly define financial management skills 1. strategic problem solving 2. budgeting and connecting to the broader concepts of management effectiveness or efficiency

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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The problem listed in the example situation are: There was no proper management in providing training and development of employees. Things were not properly communicated to shareholders and there was discussion of output. No proper management of the budget of the training and development. No proper research was done regarding what exactly needed to be taught to the employees and to which level of employees. The organization does not keep records of when events are due or attended for any except the most essential staff. The course content was boring, so there is a need to improve the quality of content and make it more interesting so that it becomes interesting and interactive for employees. The cost has never been a barrier because money is said to be freely available for development purposes. 1. Put the list in priority order, so that urgent business needs can be addressed first. 2. Consider how you might address the issues on your list.
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