Real Estate Markets and Econoimic Depression Research - 1375 Words

Real Estate Markets and Econoimic Depression (Essay Sample) Content: Real EstateNameInstitutionReal EstateIntroductionReal estate is property consisting of land and the buildings that are available. Further, it could comprise the natural resources that are available (Brown Matysiak, 2000). Notably, there resources such as minerals, crops and the immovable property. Real estate could further describe the entire process of buying, selling, renting, building or housing. Various issues are revolving around real estate. For purposes of this discussion, much of the emphasis would be on real estate being the process entailing the purchase and sale of property of any value. Real estate would be discussed regards the issue of the changing retail model. The retail sector related to real estate continues to face significant challenges in the recent economic times.Real estate changing retail modelThere are changes in the property sector when it comes to the consumers and their preferences. Real estate service providers have had to grapple with th e idea of customizing the merchandise they are offering to the particular preferences of the various demographic groups in existence. The "baby boomers" and "millennial" have a significant impact on the real estate sector. Each of the group has a unique way in which they would like their houses to be ((Tobias Vavaroutsos, 2012). Issues to be considered by real estate developers include the design of properties including amenities, entertainment facilities, and distribution of infrastructure (Tobias Vavaroutsos, 2012). Overall, the concept of demographic shifts has a significant impact on the real estate sector. The sector is also currently faced by a decrease in the purchasing power of consumers. The current economic times, preceded by the 2008 global financial crisis has subjected many customers to hard times such that they are unable to make purchases of property. Despite the decrease in the financial capabilities of the potential buyers, real estate service providers are under pressure to ensure that the properties continue to enjoy occupancy. Further, pressure is on to ensure that such property keeps abreast with the changing technological advances currently witnessed. It is vital for the real estate property owners to ensure that they are in a better position to adjust to the changing stature of the retailers.Real Estate Markets and Economic DepressionsClosely related to the concept of changes in the retail sector is the idea of the real estate markets and economic depressions. The economic depression witnessed globally in the year 2008 did have a significant impact on the real estate sector (Brueggeman Fisher, 2008). The economic depression was defined by a decrease in the financial capabilities of many. Countries across the globe were affected alongside the nationals. The period witnessed a reduction in jobs and businesses closing down. For the same reason, there was a significant decline in the overall funds available to either purchase or invest i n real estate development. Housing, as part of real estate, remains to be an essential sector but has been faced with various challenges. One of the primary causes of the vulnerabilities experienced by the industry was the economic depression. Even though there was recovery witnessed, there is need to ensure that the industry does not face another unsustainable occurrence.The economic recession, however, did come with its share of advantages especially on the trends of purchases of property. Notably, some of the clients did focus on the acquisition of property owned by businesses that were facing a financial crisis. Because of the economic crisis that was faced by many of the businesses, most of them decided to dispose of properties that they had but at a lower price (Chan, Erickson Wang, 2002). Such has made it possible for individuals to purchase properties that they would otherwise not be in a position to buy initially. The situation was further evident especially in instances w here some of the companies did run bankrupt in the cause of operations. The effect of the same did live many of the businesses with no option but to sell off property.Effect of the current economic landscapeThe current economic conditions are challenging. There is more to be done as a way of ensuring that it becomes possible for all groups of individuals to be able to access cheap housing and property. Even though the economic depression did define tougher economic times, Economic downturns have resulted in a decrease in the overall rate of consumer spending. Because of the reduction in the rate of consumer spending, there has been a decline in the demand for property. The same has resulted in an increase in the overall commercial space that is available for leasing. The situation has further caused the rents to decrease. Compared to the previous times when the economic conditions were favorable and people had a high purchasing power, and the cost of the property was high. However, with the advent of the economic depression, the financial crisis had varying effects on the entire concept of real estate. Fortunately, with the economic challenges faced, it has made it possible for the tenants to be in a better position to negotiate for prices and acquire property.Recent developments that have impacted the area as pertains to legislation, job market, and taxationLegislation has had an impact on real estate markets and economic depression. The rules that are in place have had a significant effect on the demand for property and the overall prices. Through the same, the effect translates to the real estate markets. The government has to play when it comes to the determination of the prices through factors such as the tax credits, subsidies, and deductions. Through such ways, the government is in a better place to boost the demand for real estate if they enact such incentives. The effect is that the market for the real estate will be increased as demand would go great courtesy of removal of any barriers. During the economic depression, the United States, for example, took the initiative of introducing the homebuyerà ¢Ã¢â€š ¬s tax credit to see to it that the sale and purchase of homes were made easier. The measure was in response to the economic times that had previously been witnessed in the year 2008. Many people were able to purchase homes because of the incentives that they had been given by the government. The job market did have an effect on the real estate markets as well. The economic recession was for instance defined by significant layoffs. Many people did lose their jobs. The impact of the same was a decline in the source of ...

Taking a Look at the TPS Mechanism - 1465 Words

TPS MECHANISM Social infrastructure is mostly done at neighborhood level. Earlier it was done through land reservation through land acquisition, but in that process increases the financial burden on ULBs. There was also difficulties in procurement of land. So now a days ULBs are practicing the development by keeping the flow on market hands. However there are some cases for development of city level infrastructure through TPS mechanism. They are here taken as case studies. After 1980 peripheral areas of Ahmedabad have been expanding rapidly. There was a huge differentiation between population within the city limit area and the outer peripheral area because the saturation of population within the city area and the subsequent large scale housing development in the fringe areas. Haphazard development took place because of absence of proper infrastructure and road network. The development in outer areas is expected to accelerate further as Ahmedabad has become a mega city. And due to this reason, the Ahmedabad Urban Development Authority has proposed additional 64 sq. km of urbanizable land over the next ten years in the revised development plan (2011). The expected population is expected to reach 46 lakhs and 60 lakhs in the former Ahmedabad Municipal Corporation (AMC) and AUDA as per the proposed plan- with in a period of 10 years. Therefore it was important to ensure planned growth with good road network and infrastructure facilities in the developing a reas of the city. (TOI)Show MoreRelatedDP Plans for City Level Infrastructure Facilities904 Words   |  4 PagesGTPUDA-1976 there are provisions for providing neighbourhood level social infrastructure under the TPS mechanism. Town planning scheme is used very effectively and successively across Gujarat. It has proven that TPS mechanism is best tool if it is used at its fullest for generating neighbourhood level social infrastructure. From the case study of AUDA, 132 ft ring road it is found that through TPS mechanism large amount of land can be generated for providing infrastructure which can serve city level facilityRead MoreThe Nature Of Successive Cyclic Wh Movement And The Creation Of Intermediate Categories That Arise2368 Words   |  10 Pagesactually means. Thus realise that sentences and questions are composed of discrete units and are combined by rules. To follow it will also look at how movement through intermediate CPs actually works and what constraints have been put against to withhold movement. This leads on to the examination of islands and bounding theory. Introduction Wh-movement is a mechanism that helps express a question. With a wh-word in a sentence one should expect to see a particular word arrangement. Wh-movement is referredRead MoreRole of Information Systems in Small Scale ‘Ready to Eat’ Food Business3150 Words   |  13 Pages Contents Introduction 1 Information System 2 Types of Information systems could be used to support ‘Ready to Eat’ 2 2. (a) Business Functions and the role of Information systems in a business 3 (b) Need of transaction Processing system (TPS) in a Business: 4 3. (a) Poter’s Competitive Forces Model: 4 (b) Role of Information System to counteract the competitive forces: 5 4. (a) Information Requirements of ‘Ready to Eat’ 6 (b) Business function to be computerised 6 5). Use of computerRead MoreWhy It Should Be Mandatory For Every Canadian Essay1536 Words   |  7 Pageswere anywhere from 4-16 years old. For the most part students were taken from their families to be put into the schools, but there were also a couple cases where parents took their kids there because the schools advertised in a way that made them look good, so parents thought they were doing something good for their kids. Little did they know it quite possibly could have been the last time they saw their child alive. During the time spent at the residential school, students were not allowed to seeRead MoreUmuc Toyota Tps Analysis Essay5999 Words   |  24 Pagesadapt to an ever changing market place, in both good times and in bad, while honoring its commitment to product safety and quality. This commitment has allowed them to consistently produce cars that meet or exceed that of their competition, while taking into consideration the impact on our environment. Through the year s many types of cars can be associated with the Toyota brand, but it is the introduction of the Lexus line of cars in 1989 that has helped to keep Toyota at the forefront of innovationRead MoreApplication Of Access Control System4038 Words   |  17 Pagesobligation. Here, exchanges are isolated into subparts that must be finished by autonomous gatherings. This attempts to keep up respectability the length of there is no plot between operators chipping away at distinctive subparts. A common exchange may look as takes after: †¢ A buying operators makes a request. The operators sends the request to both the supplier and the getting specialists. †¢ The supplier sends the merchandise to the accepting office. The getting assistant checks the merchandise thatRead MoreBattery Nanotechnology Essay3779 Words   |  16 PagesInnovation process create use of the internal and external information. The research and growth are treated as an open system in the open innovation idea. In open innovation, the companies will be more open to study and improvement .In this company will looks for new knowledge to gain. Company will l also adopts its own method for selling. This will improve the process. Open innovation can lesser the risk, but its very expensive. The Closed Innovation generates, develops and commercializes. In closedRead MoreThe Global System For Mobile ( Gsm ) Communication Essay3380 Words   |  14 Pagesarchitecture of SMS before taking a look at the content-based filtering. It also elaborates on existing work done on mobile spam. In section three, the design of the proposed scheme was described in detail. Section four introduces the proposed implementation plan while section five concludes the work and then states its contribution to knowledge. The concluding section reports the progress made thus far. 2.0 SMS TRANSMISSION ARCHITECTURE [9] Short Message Service (SMS) is a mechanism of delivering shortRead MoreToyota Culture10154 Words   |  41 Pagesneeded. In fact the just-in-time principle is one aspect of a broader philosophy represented by the Toyota production system. In TPS, the just-in-time concept is one pillar and the other is to build in quality at every step of the process, not allowing defects to propagate through the value stream. The foundation is stable and repeatable processes. In the center of TPS is the person who must be motivated to identify and solve problems. The question of how lean production changes the role of HR isRead MoreA Report On Ants And The Plant Seed Dispersal Mechanism For Plant Seeds1833 Words   |  8 PagesAnts have assisted plants in many ways: providing defense mechanisms to protect the plant, or providing a dispersal mechanism for plant seeds. Also known as myrmecochory, ants that assist plants in seed dispersal are essential for spreading out the location of future plants of the same species and preventing competition between parent and offspring plants, which would result if an offspring grew too close to a parent plant (Warren et al. 2014). But what causes coevolution between two species? In

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Child Development And Program Design - 2120 Words

Aileen McGee Professor Anderson Child Development and Program Design Classroom Architecture Project Early childhood classrooms are made with love and excitement by the teachers. Classrooms are created every year for a new group of students with purpose and meaning. Teachers spend hours on end to make their upcoming year one to remember for their students. Teachers work to create a safe environment, after all children spend more hours in school than their homes. According to Curtis and Carter (2003), â€Å"the environment is the most visible aspect of the work done in the schools. The layout of the physical space is welcoming and fosters encounters, communication, and relationships. The arrangement of structures,†¦show more content†¦I want to teach my children to grow up to be fearless, outstanding citizens of the community. I want to teach my children that they can move mountains as long as they work hard. My classroom philosophy would be like that of Friedrich Froebel, which he described it to be as a â€Å"garden.† The students would be my flowers I wil l help them bloom on a daily basis, and sprinkle knowledge into their young minds. Froebel’s (2010) classroom activities are still being taught around the world with teachings of â€Å"singing songs, learning finger plays, gathering at circle time, building with blocks, playing with puppets, engaging in spontaneous play, and planting a garden. (p.75). These are all wonderful activities to implement into an early childhood curriculum. John Dewey’s philosophy of early childhood education would also reflect my educational philosophy. According to Dewey (2004) his philosophy was â€Å"the purpose of education was full and productive involvement in the perpetuation of democracy.† (p. 68). Children need guidance from adults â€Å"to function as productive citizens and healthy individuals.† Dewey believed in â€Å"democratic life skills that include the ability to see one’s self as a worthy individual and a capable member of the group, express strong emotions in nonhurting ways, solve problems ethically and intelligently, be understanding of the

History of Volleyball Free Essays

The History of Volleyball According to (Stengenth and Power of Volleyball), for the first time in the history of volleyball, volleyball was played in the Pan American Games in 1955. In 1957, volleyball was designated as an Olympic team sport by the International Olympic Committee (IOC). In 1959, the International University Sports Federation (FISU) had volleyball be one of the eight competitions held in first University Games in Turin, Italy. We will write a custom essay sample on History of Volleyball or any similar topic only for you Order Now In 1960, seven Midwestern institutions formed the Midwest Intercollegiate Volleyball Association (MIVA). In the 1960’s, new volleyball techniques were developed. Off-speed hits, open hand tips, forearm passing, blocking at the net, and defensive plays such as diving and sprawling become a big part of the game. With the FIVB already having its own world championships, the FIVB directed its attention to the Olympic Games. Thanks to the Bulgarian Volleyball Federation, a tournament took place in Sofia in 1957 during the International Olympic Committee meetings. As a result of this event, volleyball became an Olympic Sport. In 1964, volleyball was first played in the Olympics in Tokyo. Volleyball became a part of the Olympic Games, which allowed it to grow even more. Also, in the 1964 Olympics, the Japanese used a volleyball that consisted of a rubber casing with leather panels. A similar ball is used in modern volleyball competitions. In 1969, a new international event, the World Cup was introduced. The World Cup would be turned into a qualifying event for the 1991 Olympic Games. In 1974, Japan telecasted a major volleyball event in Mexico, the World Championships. In 1983, the Association of Volleyball Professionals (AVP) was founded by Leonard Armato. The organization started its own beach volleyball tour in the United States in 1984. By the late 1980’s, the AVP tour was growing fast due to the promotion of the sport by the professional beach players Tim Hovland, Sinjin Smith, Randy Stoklos, and Mike Dodd. In 1986, the Women’s Professional Volleyball Association (WPVA) was formed to administer, govern, and protect the integrity of Women’s Professional Beach Volleyball. In 1987, the FIVB added a Beach Volleyball World Championship Series 1989 – The FIVB Sports Aid Program was created in 1990, a men’s volleyball competition called the World League was created. The World League is the longest and most flourishing of all the international events organized by the FIVB. The tournament is an annual event. In 2006, prize money became a major deal with $20 million dollars being distributed amongst 16 participating teams from 5 continents. The World League is sometimes confused with the other international volleyball competitions – Volleyball World Cup and Volleyball World Championships. In 1995, the sport of Volleyball turned 100 years old. In 1996, for the first time in the history of volleyball, beach doubles volleyball is included in the Olympic Games. Major events in the 90’s took place including the establishment of annual competitions for men’s and women’s volleyball (the World League, in 1990, and the Grand Prix, in 1993), the indication of Beach volleyball as an Olympic event (1996). These events and many rule changes in the game were made the purpose of enhancing the popularity and public visibility of the sport. William G. Morgan (1870-1942), invented volleyball in 1895 in Holyoke, Massachusetts. Morgan, who was born in New York, is known as the inventor of volleyball which he originally named Mintonette. Later, Alfred Halstead re-named Mintonette volleyball because the object of the game was to volley a ball back and forth over a net. Morgan studied at the Springfield College of the YMCA (Young Men’s Christian Association) where he met James Naismith. Naismith, in 1891, had recently invented the game of basketball. During the summer of 1895, Morgan moved to the YMCA at Holyoke where he became Director of Physical Education. In this role, Morgan had the opportunity to direct a vast program of exercises and sport classes for male adults. His leadership was eagerly accepted, and his classes grew in large numbers. He came to realize he needed a different type of competitive recreational game in order to vary his physical fitness program. Basketball, which sport was beginning to develop, seemed to suit young people, but it was necessary to find a less violent and less intense alternative for the older members. Morgan took some of the characteristics from tennis and handball along with basketball. Morgan liked the game of tennis, but tennis required rackets, balls, and a net. He didn’t like all the equipment, but he did like the idea of a net. Morgan invented volleyball, which was originally called Mintonette. Mintonette was designed to be an indoor sport. Mintonette was less rough than basketball for older members of the YMCA, while still requiring some athletic ability. The first rules required for a net to be 6 feet 6 inches (1. 98 meters) high, a 25 ? 50 foot (7. ? 15. 2 meter) court. Each team could have as many players as a team wanted. A match was nine innings with three serves for each team in each inning. There was no limit to the number of ball contacts for each team before sending the ball to the other side of the court. (Stengenth and Power of Volleyball)In case of a miss serve, a second try was allowed. Hitting the ball into the net was a fault, with loss of the point or a side-out, except in the case of a first serve attempt. References (n. d. ). Retrieved from Stengenth and Power of Volleyball. How to cite History of Volleyball, Papers

Business Plan For An Aged Care Home - Myassignmenthelp.Com

Question: Discuss about the Business Plan For An Aged Care Home. Answer: Introduction: Old Aged Care Home aims to provide elderly support for the people, who are more than 65 years. It provides them with 24 hours nursing and medical care wrapped in a friendly and calm environment for the long-term basis (Ettorchi-Tardy, Levifand and Michel 2012). The Aged Care Nurse Practitioner (ACNP) works in collaboration with the patients and their family members. The team of the extended health care professionals includes Allied Health Professionals, General Practitioners (GP, Pathologist, Specialist, Pharmacists, Aged Care Service providers and Community Nurse. The comprehensive episode of care encompasses, targeted assessment, requesting of the diagnosis, management/treatment care plans, coordinated/case management and recommendation followed by implementation to health the associated health goals, other risk management strategies, proper monitoring and education of the patient family. The ACNP also aims to restrict unnecessary hospital admission because of exacerbation of the health-related conditions, guidance for chronic condition management, evidence-based education related to optimal adherence of health management intervention, a comprehensive health assessment and aged care advocacy and planning. ACNP should also be held accountable for framing professional judgments lying within the scope of practice related to patient's condition and timely referral to the doctors at the time of emergency. Nurse Practitioner (NP) is also required to maintain individual professional and that too at an advanced level. The current assignment sheds light on a business plan that is required to develop an old aged care home in Australia with Brightwater nursing professionals. Discussion: The need of the primary health care initiative: One of the most important social determinants of health is aging. The aged people need more healthcare than the other people. The older people often live alone and longs for a companion whereas seeking medical services due to their condition. The number of elderly people in the country is increasing. The current population of Australia has 16.8% of elderly people, which has increased from the last year by almost 3%. The population of elder people in Australia is supposed to be double from today within the upcoming 15 years (Tricco et al 2012). With the increase in the population of the aged people, the numbers of chronic diseases are also increasing. The few of common chronic diseases which are affecting elderly people are cardiovascular diseases, diabetes, musculoskeletal disease, Chronic Obstructive Pulmonary Disorder (COPD), hypertension, gastrointestinal disorders and other associated psychological issues like dementia. Due to the increase in the older population and the advent of the new chronic diseases, the burdens over the healthcare sectors are also increasing. However, innovation of the health care technology has helped in increasing the longevity of older people (Oosterom-Calo et al. 2015). But in order to provide this advanced quality technology and to deal with addition challenges of extended life period of elderly people, the rate of hospitalization has also increased. Now here comes the role and the importance of the Nursing Professionals in elderly care and the effectiveness of the business plan. In Australia lower level of education is directly related to lower income, higher rate of smoking, and shorter life expectancy which are common in indigenous people. The neighborhoods of the aboriginals are unsafe and are exposed to garbage or litter, and have poor housing structure and along with vandalism. In addition, racial and ethnic minority communities are more likely to live in financially poor society. Such poor social determinants of health are affecting the life expectancy of the elderly people in Australia, mostly the aboriginals and this has further up-regulated the need for NP assisted Old age home. (Source: Created by author) With age, a person loses the ability to communicate independently and also needs physical assistance to perform daily activities. The NP here supports the person to express his or her thoughts and also guides them to perform the daily activity like going to washroom, taking baths, having meals etc. The elderly care people also needs emotional assistance and care along with spiritual support. It is the duty of the NP to make sure that the surrounding environment is favorable and fulfilling the patient's holistic needs leading to maximum level of mental and physical well-being, thereby increasing their lifespan (Oosterom-Calo et al. 2015). The facility of Old Age Care House provides focus on promoting the independence of the elderly in a safe and happy environment while aiming to be an alternative option for the elderly people as it will also provide them with housing and related assistance such as, housekeeping, preparation of quality meal and laundry for the people along with providing the residents with doctors, registered nurses and hospital level healthcare for the residents (Singh et al, 2012). Objectives: Financial objective: Fill all the rooms in the course of one year. Raising the funds to facilitate the service. To hire the competent doctors and skilled nurses to maintain the healthcare facility. To hire the caregivers and housekeeping services. To arrange all the needed medical equipment. To start the development of implementation of the financial needs for the upcoming 5 years. Non-financial objectives: Have a culturally competent nursing care plan in order to support nursing care for both the Aboriginal and Torres Strait Islander. Recruiting proper nurses who have desirable understanding about the sign language in order to give quality care to the dementia patients who fail to express their thoughts To provide the elderly with a safe, comfortable and homely environment. To provide the permanent residents with skilled medical care provided by the NPs. To provide the medical and non-medical staffs with adequate training and mentoring Holistic and targeted care Proper identification of the client with respect to the therapeutic goals. Proper prioritization of the goals and framing the actual timeline to attain the same. Proper incorporation of the other health care professionals in the team to provide holistic care. Other health care professionals include physiotherapist, speech therapist, geriatricians, dietician, podiatrist Proper selection of the evidence-based yet cost-effective therapeutic interventions in order to meet the health care goals for the elderly patients. Proper use of the protocols framed and sanctioned by the core client collaborators for health specific conditions like infection (urinary, wound and respiratory), proper management for wound healing, accidental fall prevention, relief from constipation, treatment for malnutrition and dehydration, medication management via using proper medical protocol, building and maintenance of rapport to generate trust with the patients, providing proper guidance to the primary cares with scheduled follow up for the visits Proper provision for a backup system for issues related with out of hours Mission: The main mission for the business plan for setting NP service for old care homes is To provide holistic care to the elderly patients and thereby increasing their wellbeing and quality of life To reduce the cost of the hospital admission via negating the chances of preliminary complications with NP assistance Increasing the well-being of the elderly patients and thus drawing more elderly people to the aged care home via word of mouth publicity Reducing the number of accidental falls and financial cost related to damage management and treatment. The NP will assist the elderly people in their daily activities and thus decreasing the chances of accidental injuries arising out of the sudden fall due to slippage of feet at the bathroom Proper spiritual and emotional backup to the elderly patients. The NP model would provide the patients with proper geriatric and psychiatric care. The older patients often face psychiatric problems like anxiety and stress. The nurse practitioners with proper psychiatric training would provide the resident with proper counseling schedule to deal with these problems. Market analysis strategy: The base number of residents: As the whole world is struggling with population, the population of Australia is aging because of the lower range of fertility and the increase of the gross life expectancy. Because of this, lower number of children and a higher number of the adults can be seen in the population. Between the years 1995 to 2015, the people aged 85 and above increased from 11.9% to 15%. The population between the ages under 15 has decreased from 21% to 18.8% (Abs.gov.au 2015). Pic: Comparison between the population based on sex and age for the year 1995-2015 (Abs.gov.au 2015) By considering the number of the current population of older adults, and keeping the number of the upper-income residents in mind, it can be estimated that Old age care house can complete their objective of finding the residents. An increase of estimated 20% in the number of customers in the next 5 years can be expected (Sivam, and Karuppannan 2015.) The residents looking for medical care in short stay: By looking at the demographic statistics of Australia in 2015, it can be estimated that there is an increase in the proportion of the Medicare patient who needs the post hospital care in an environment, which is actually an amalgamation between hospitals and home (Hansen, Mowen and Guan, 2007). The old age population who can afford the care is trying to avail this facility, as they want to leave the room at the hospital for them who really need it. To estimate the analysis, an income group of $30000 to $75000 is chosen, because this group can avail this facility. 1st year 2nd year 3rd year 4th year 5th year Potential customers Growth Estimated profit per year (Australian Dollar) Privately paying fulltime residents 1% 17000 18300 19200 20800 22000 Other 0% 0 0 0 0 0 Total 17000 18300 19200 20800 22000 Fig: Estimated profit calculated for five years The strategy used to segment the target market: The target population of this facility is the potential full-time residents who want to avail the full-fledged NP initiative medical facility of this old age care home (Govindarajan and Shank 2012). The overall target population is the aged people (65 and older) who need daily assistance and companionship and values community. As the Old age Care House wishes to be their home, they wish to find those potential residents who are willing to make the old age care house a home and stay happy with each other. Old age Care House understands the needs of the families of the residents who are the important part of the market. They are the one who will help the potential resident to make a decision to choose their home and contribute a part of the necessary payment to give the basic care for the resident (Slater and Olson, 2015). Market trends: As it can be seen in the market analysis, population over 85 are in a rapid growth, thanks to the preventive health care, better living condition, and better nutrition. However, the number of nurses is decreasing rapidly because of the increase in the career opportunities among women (Cooper and Slagmulder 2014). As the women break the norm of staying home and take care of the family, there is nobody at home to take care of the elders at home. This market condition makes the Old age Care homes to catch a big portion of the overall position in the old age healthcare market (Doole and Lowe 2014). Service providers: There are many reasons for the families to seek medical care for the elderly in a semi-clinical environment. They normally seek medical care for the patient with Diabetes, Hypertension, heart disease, Alzheimers, AIDS and dementia. The Old age Care House provides all services to the elderly people (Jain, and Haley 2012). Continuous quality improvement plan of the Old age care home: CQI or continuous quality improvement is an approach to the quality management, which is based on the principle that states most of the things can be improved. Old age care home believes in building and maintaining the quality, which exceeds the expectation of the customers. As the CQI concept says, most problems are associated with the process, Old age Care House believes in the improvement of the processes, rather than blaming the people (Blocher, Chen, and Lin 2012). To improve the quality of care, the management has formed a team to provide quality care giving. The team also has a clear picture of the aim of the institution (Baker 2014). To improve the whole system of care there must be a Plan-Do-Study-Act (PDSA) plan. The first step of the PDSA plan is planning, in which the team will plan the entire infrastructure similar to home. The second step is intervention. The third step is to study the results and the fourth step is to act according with the knowledge. This will enable the management team to maintain and modify the whole plan (Fifield 2013). Old age Care House must have a different management structure than a typical hospital or an old age care home, to improve the overall quality of caregiving. The residential wing will have two registered NPs as primary caregivers who will work as a self-management team as they will meet with the medical directors and will coordinate with the other nurses (Aljumah, Ahamad, and Siddiqui 2013). The two Brightwater NPs with a personal framework will be there for guiding the patients and the staffs of old age care house with better timeliness. The presence of the two NPs in the care will reduce the workload of the GPs (General practitioners). The NPs will have a plan to treat the elders with substance abuse as they plan to contribute the reduction of antipsychotics by providing them with proper care and guidance. The NPs will also develop the framework to reduce the abuse of antibiotics between the residents of the aged care facility. Old age care house believes in the Brightwater NP model as the NPs also holds the rights to prescribe and re-prescribe the medicines if necessary. There are many elders who suffer from the problem of polypharmacy (taking more medicines than necessary), which is potentially harmful. The full-time NPs are there in the residential old age care to take care of this problem. The two NPs will have the primary responsibility for the health of all the full-time residents and the Medicare patients. The NPs are expected to discuss and recommend the medical course with the patients and the other nursing staff to give the ultimate care (Morgan, Katsikeas, and Vorhies 2012). As the NPs are there in the old age care house for full time, the governing body expects that the inappropriate transfer of the patients from the care house will also get reduced. The NPS will be able to diagnose the problem and manage the situation rapidly. The NPs will be able to fill up the process instantly if the GPs are not available there. Old age care house encourages the collaborative care between the NPs and the GPs. Old age Care House must have a competent PR team who helps the home to do right kind of advertisement and brochures and plan the events. The amazing work of the PR team will enable the common people see the results of the combined effort of the team (Eden and Ackermann 2013). Estimated Budget: Estimated budget to cover the start-up expenses: The computer is a much-needed part of any Medicare system. The residential wing also needs a computer for the keeping the expense records of the full-time residents (Briner, Manser, and Kessler 2013). The short-term assets include the disposable medical supply, smaller medical equipment, laundry expense and bedding. These assets would need to be replaced within five years (Hull 2012). The long-term assets include maintenance of the house where old age care home should be built. The long-term medical equipment includes 2 loaded crash carts, call button system for every bed of both wings, full monitoring equipment and all the standard monitoring equipment (stethoscope, sphygmomanometer, blood sugar testing equipment). The residential area needs beds, linens, dresser, phones, couches, tables, chairs, TVs and furnishing (Hollensen 2015). Legal 500 AUD Stationary (all) 200 AUD Furniture (all) 12000 AUD Computer-1 6000 AUD Insurance 8000 AUD Expensed medical equipment- 13000 AUD Residential equipment 22000 AUD Staff training 5000 AUD TOTAL START-UP EXPENSES 66700 AUD Fig: Start-up expenses (yearly) Cash required 78000 AUD Inventory 6000 AUD Current assets 35000 AUD Long-term assets 800000 AUD Total asset 848800 AUD Total requirements 929500 AUD Fig: Total requirements to start the old age care house The estimated budget for hiring competent medical and non-medical staffs within a timeframe: Old age care house believes in providing the personnel with fair wages to ensure that the permanent residents get the best possible care. The healthcare personnel will get the health benefits, paid vacation and sick leaves. To meet the goal, the home needs 2 NPs, 3 LPNs (alternate) and 12 trained nurses, along with 8 full-time elder assistants (with first aid training and CPR training, currently undergoing the elder care training) (Blank, S. 2013). Personnel plan (medical) Year 1 (AUD) Year 2 (AUD) Year 3 (AUD) RN-2 220000 221000 222000 LPN-3 140000 141500 142000 Trained Nurses-12 144000 145000 147000 Caretaking personnel-8 221520 223000 255000 Subtotal- 725520 730500 766000 Fig: List of estimated cost for three years (Medical personnel) The enablers and barriers in the way to implement the business plan: Enablers: Availability of sufficient budget to run the old age care home. The management personnel should have good managerial skill. All the medical staffs should be skilled. The NPs and all members of the nursing staff should have a good organizational skill (Suttanon et al. 2013). The chief nursing staff and the medical officer should have leadership skill to organize the care. Communication between the residents, NPs and the nursing staff and the management should be good. Barriers: Bad Public relation management. Lack of leadership skill of the managers and the chief nursing staff. Only the higher income group availing the facility. Bad implementation of plans (McKeever 2016). PESTEL Analysis Political Factors An Old Age care home has an opportunity to expand its business based on the improved quality care to the elderly people which will increase the overall quality of life of the elderly people. Old age care home also has the opportunity to reform the practices in order to reduce the impact of taxation of quality elderly care without violating the medical laws. In the aspect of the PESTEL analysis, the old age care home, the political external factors present various opportunities that outweigh the associated threats. Economic Factors The Old Gage care home with trained NP has opportunity to expand profusely in the present Australian environment where the number of the elderly people is increasing massively. The increase in the tendency of the households with working couples to admit their elder family members under the supervision of the trained NP will further back the economic growth of the Old Age home. Social Factors Based on the social factors, the Old Age home has several opportunities to grow and expand because the main target customers in this business are elderly people. The increase in the number of elderly population is a global issue nowadays with a special mention to the elderly population in Australia. In atmosphere of the contemporary society, a huge increase in the number of people who are more than 60 years old is becoming a great threat to the overall global population of Australia casting a huge impact on the international health care system. It has been estimated that the total number of people, who are aged more than 60 years have approached approximately 605 million (Monroe et al. 2015). Thus the society is aging fast and this fast-aging society will increase the number of the prospective clients for the old age care home facilitate by the nursing care representatives. The number of centenarians is expected to grow fifteen-fold from approximately one hundred and forty five thous and by the year 2050 (Tremont and Davis 2014) thus giving an indication of the prospective increase in the business. Technological Factors Technology in the medical science is ever expanding with superior advancement in the field of quality care to the medical patient. The foundation of the life saving medicines in the domain of chronic elderly illness and psychotic drugs for curing dementia and other mental disorders have also increased the life expectancy of the elderly people and hence leading to increasing in the prosperity of the elderly care unit under the supervision of the nursing practitioner. Environmental Factors There are no significant environmental factors over affecting the business of the old age care homes guided by the NP. However, sudden appearance of the natural calamity may increase suffering and the number of casualty threat for the old age homes. In such natural calamities, there is an increase in the number of the patients in the nursing home or in the trauma centers for traumatic care. However, due to the rush of the patients, lack of adequate power supply and adequate manpower, the hospitals fail to assist the elderly patients. The old age care homes aim to serve elderly people during this crisis situation thus increasing the prosperity of the business. Legal Factors Old Age care home can face complications in terms of wages to the NP leading to certain legal complications. The care giving home must supplement these low wage complications via increasing the job satisfaction among the nurses and providing them quality environment to work. Conclusion: Old age Care House runs with a goal of providing the residents with respectful and holistic assisted living and skilled medical facility. The primary location of the organization will be in Australia. The NPs and the support nursing staff are of competent. The elder caregiving staffs are also competent. They have undergone a training to care for the elderly apart from having the first aids care training. Old age Care House has two wings; one is the permanent residential wing, which comprises of the people who permanently reside there. The estimated cost to start the start-up is 929500 AUD. The starting cost is expected to recover within 6 years as the per year income of 5 years roams around 750000 AUD. Old Age Care House works to give the residents the enlightened elder living. References: Abs.gov.au (2015). 3101.0 - Australian Demographic Statistics, Jun 2015. [online] Abs.gov.au. Available at: https://www.abs.gov.au/ausstats/abs@.nsf/featurearticlesbyCatalogue/7A40A407211F35F4CA257A2200120EAA?OpenDocument [Accessed 16 Sep. 2017]. Aljumah, A.A., Ahamad, M.G. and Siddiqui, M.K., 2013. Application of data mining: Diabetes health care in young and old patients. Journal of King Saud University-Computer and Information Sciences, 25(2), pp.127-136. Baker, M.J., 2014. Marketing strategy and management. Palgrave Macmillan. Blank, S., 2013. Why the lean startup changes everything. Harvard business review, 91(5), pp.63-72. Blocher, E., Chen, K.H. and Lin, W.T., 2012. Cost management: A strategic emphasis. Briner, M., Manser, T., and Kessler, O., 2013. Clinical risk management in hospitals: strategy, central coordination, and dialogue as key enablers. Journal of evaluation in clinical practice, 19(2), pp.363-369. Cooper, R. and Slagmulder, R., 2014. Interorganizational cost management and relational context. Accounting, Organizations and Society, 29(1), pp.1-26. Doole, I. and Lowe, R., 2014. International marketing strategy: analysis, development, and implementation. Cengage Learning EMEA, 9(1), pp.26. Eden, C. and Ackermann, F., 2013. Making strategy: The journey of strategic management. Sage. Ettorchi-Tardy, A., Levif, M., and Michel, P., 2012. Benchmarking: a method for continuous quality improvement in health. Healthcare policy, 7(4), p.e101. Fifield, P., 2012. Marketing strategy. Routledge. Govindarajan, V. and Shank, J.K., 2012. Strategic cost management: tailoring controls to strategies. Journal of Cost Management, 6(3), pp.14-25. Hansen, D., Mowen, M. and Guan, L., 2007. Cost management: accounting and control. Cengage Learning. Hollensen, S., 2015. Marketing management: A relationship approach. Pearson Education. Hull, J., 2012. Risk management and financial institutions,+ Web Site (Vol. 733). John Wiley Sons. Ibrahim, J.E., Murphy, B.J., Bugeja, L. and Ranson, D., 2015. Nature and Extent of External?Cause Deaths of Nursing Home Residents in Victoria, Australia. Journal of the American Geriatrics Society, 63(5), pp.954-962. Jain, S.C. and Haley, G.T., 2012. Marketing planning and strategy. Cincinnati South-Western Publishing Company 1985. McKeever, M., 2016. How to write a business plan. Nolo. Monroe, T.B., Parish, A. and Mion, L.C., 2015. Decision factors nurses use to assess pain in nursing home residents with dementia.Archives of psychiatric nursing,29(5), pp.316-320. Morgan, N.A., Katsikeas, C.S. and Vorhies, D.W., 2012. Export marketing strategy implementation, export marketing capabilities, and export venture performance. Journal of the Academy of Marketing Science, 40(2), pp.271-289. Oosterom-Calo, R., Vice, K. and Breslow, M., 2015, August. Experiences of Older Patients with Multiple Chronic Conditions in the Intensive Ambulatory Care Home Telehealth Program. InInternational Conference on Human-Computer Interaction(pp. 311-316). Springer, Cham. Singh, N.A., Quine, S., Clemson, L.M., Williams, E.J., Williamson, D.A., Stavrinos, T.M., Grady, J.N., Perry, T.J., Lloyd, B.D., Smith, E.U. and Singh, M.A.F., 2012. Effects of high-intensity progressive resistance training and targeted multidisciplinary treatment of frailty on mortality and nursing home admissions after hip fracture: a randomized controlled trial. Journal of the American Medical Directors Association, 13(1), pp.24-30. Sivam, A. and Karuppannan, S., 2015. Factors influencing old age person's residential satisfaction: A case study of South Australia (Doctoral dissertation, TASA). Slater, S.F. and Olson, E.M., 2015. Marketing's contribution to the implementation of business strategy: an empirical analysis. Strategic Management Journal, 22(11), pp.1055-1067. Suttanon, P., Hill, K.D., Said, C.M., Williams, S.B., Byrne, K.N., LoGiudice, D., Lautenschlager, N.T. and Dodd, K.J., 2013. Feasibility, safety and preliminary evidence of the effectiveness of a home-based exercise programme for older people with Alzheimer's disease: a pilot randomized controlled trial. Clinical rehabilitation, 27(5), pp.427-438. Tremont, G. and Davis, J.D., 2014. The role of caregivers in the treatment of patients with dementia.Noggle, CA, Dean, RS, Bush, SS, Anderson, SW The neuropsychology of cortical dementia? s, pp.393-422. Tricco, A.C., Ivers, N.M., Grimshaw, J.M., Moher, D., Turner, L., Galipeau, J., Halperin, I., Vachon, B., Ramsay, T., Manns, B. and Tonelli, M., 2012. Effectiveness of quality improvement strategies on the management of diabetes: a systematic review and meta-analysis. The Lancet, 379(9833), pp.2252-2261.

Decision Making Business Success

Question: Discuss about theDecision Making for Business Success. Answer: Introduction Business success usually depends on the commendable efforts provided by the managers. According to Varley (2014), the efficient manager needs to undertake the justified decision that will be helpful enough in accomplishing the pre-determined organisational goals. Similarly, the management issues can bring the significant challenges to its welfare. The selection of the set of priorities is essential for strengthening the competitive position of a company (Roig-Tierno et al. 2013). The study will be highlighting the discussion based on the management issues in Woolworths. The structured design will be helpful in identifying and conducting the research in a significant way. Identification of the Problem Woolworths is known as the biggest supermarket chain in Australia. The retail chain is much renowned for the retail product and service at lower rate. However, in this current time, the marketing strategies undertaken by the company is highly criticised. The abrupt departure of Tony Phillips, it has been seen that many of the chief executives left the company (News.com.au 2015). The industry observers have considered such crisis as the symptomatic of a business, which is unable to find a solution against the downfall of the sales ratio. The major problem faced by the company was in the lower ratio of the sales figure in a month. In the third quarter of the last financial year, it was observed that the company increased the sales of liquor and food was just 0.2%. Concentrating on the June market update, it was found that the sales ratio was much slower and almost 0.7% (Businessnews.com.au 2015). The most prominent decision making issue was found when Tony Philips was removed from his position. This decision affected the entire market place and the company face the severe loss. In fact, the promotional activities undertaken by the company could not achieve the expected success (Zarkada-Fraser and Fraser 2015). Research Questions How the decision making process creates impact on the organisational success? What are the major management problems Woolworths has been facing in recent times? How the proper decision making process can facilitate the accomplishment of the organisational goals? Research Program Figure 1: Research Program (Source: Created by Author) Topic Selection: At the initial stage of the research, it is required to select a particular topic that can describe the underlying subject matter. Problem Identification: After selecting the topic of discussion, the next stage is to recognise the major issues related to the topic. The section will also describe the issue faced by the organisation due to the identified problem. Literature Review: The literature study will be focusing on the theoretical analysis of the decision making problems associated with the corporate setting. Methodology: The structured and sequential process of the research study will be analysed in this methodology part. Primary and Secondary Analysis: The gathered data from both the primary and secondary sources will be interpreted and analysed in this section. Expected Outcome: The obtained ideas from the gathered information will be establishing the expected outcomes. Research Process The research is based on the identification of the recognisable management issues foreseen in Woolworths. While conducting the research study, it is necessary to understand the conceptual ideas about the subject matter. The information gathered from the secondary resources will be helpful enough in determining the theoretical perspectives of decision making process. It will initiate the idea about the underlying issues that the organisations usually face while undertaking any decision. The journal article, media publish, books, and website information will be associated for completing the secondary analysis. Depending on the information received from the secondary sources, the further primary research will be conducted. The primary data will be collected through the quantitative and qualitative process. Findings The findings derived from the gathered information is indicating that the decision making process involves fewer steps, which are needed to be addressed. In case of the Woolworths, it is noticed that the major problem faced by the management is due to the irrelevant decision making process (Nettle 2014). The removal of Tony Philips degraded the performance of the company (Jones 2015). The company faced the enormous loss in the investment returns. Therefore, it can be predicted that the inefficient management practices is the major reason behind such loss. It is required to undertake the proper strategy and engage the skilled management official (Methner, Hamann and Nilsson 2015). Recognising such findings, the preferable recommendation will be provided in the further section. Recommendation The problems found in the internal management process of Woolworths is the irrelevant decision making process. Therefore, it is required to identify the appropriate alternatives to minimise the associated risks. The management firstly needs to appoint an efficient leader who has a long period of experience in operation management process. The proper leadership attributes would thus be helpful enough in undertaking the relevant decision for the organisation. Maintenance of the communicational transparency can be other recommended alternatives to mitigate the recognised issue. The management needs to pay attention towards the two-way communication process. If the associated employees can address their concerns to the management, it will be effective for the organisation. In fact, maintaining the proper communicational skills would be helpful enough in motivating the employees by resolving situational conflicts. Conclusion The study is focusing on the management problem faced by Woolworths. It was seen that the majority problems faced by Woolworths were due to the irrelevant decision making process. In fact, it is seen that the management failed to undertake the proper strategic decision after the removal of Tony Philips. Moreover, it is also noted that the company faced huge loss in the investment returns, which degraded the financial performance of the company. The applied methodology was fruitful for gathering the primary and the secondary data. Recognising the findings, it can be inferred that the management needs to associate an efficient expert for taking the organisational decision. On the other hand, maintaining the communicational transparency will also be beneficial for the company to accomplish the pre-determined goals. References Businessnews.com.au, 2015. Management mistakes cost Woolworths. [online] Business News. Available at: https://www.businessnews.com.au/article/Management-mistakes-cost-Woolworths [Accessed 18 Sep. 2016]. Jones, S. 2015. Woolworths: Where did it go wrong?. Mumbrella Editorial. Methner, N., Hamann, R. and Nilsson, W., 2015. The Evolution of a Sustainability Leader: The Development of Strategic and Boundary Spanning Organizational Innovation Capabilities in Woolworths. InThe Business of Social and Environmental Innovation(pp. 87-104). Springer International Publishing. Nettle, D.J., 2014. Issues of management identity: attitudes to management within the Australian Institute of Management, 194073.Business History,56(2), pp.287-313. News.com.au, 2015. The real problem for Woolworths. [online] NewsComAu. Available at: https://www.news.com.au/finance/business/retail/the-real-problem-for-woolworths/news-story/5ac2de91e1819c883bb5efac3ba6f10f [Accessed 18 Sep. 2016]. Roig-Tierno, N., Baviera-Puig, A., Buitrago-Vera, J. and Mas-Verdu, F., 2013. The retail site location decision process using GIS and the analytical hierarchy process.Applied Geography,40, pp.191-198. Varley, R., 2014.Retail product management: buying and merchandising. Routledge. Zarkada-Fraser, A. and Fraser, C., 2015. Integrating social and economic orientated marketing: A study of retail management. InProceedings of the 2000 Academy of Marketing Science (AMS) Annual Conference(pp. 219-223). Springer International Publishing.