Psychology

The Change Management Plan Is A Very Important Process...

The change management plan is a very important process that helps a business owner. The plan is used when an organization wants to implement some change to a process or to a system. It ensures that the plan is effectively implemented. As much as the plan is important it is designed to be used alongside the project plan. The management plan is divided into six steps or 3 stages. The 3 stages are Stage A (step 1, 2, 3), Stage B (step 4, 5), Stage C (step 6). They are all broken down into steps as follows. The first step in the process is identifying the change that is to come with tracking sales. Here, one will be able to define the current state, classify the size and the features of the change, describe what to expect in the upcoming future, and recognize the thought of shifts, and the structural willingness to change. Different types of change are as follows: the process change, policy change, the changed job roles, system change, and the scale of change along with the speed of change- fast or slow. I will also describe the motive for the change. The main motives for the change in the sales tracking is to improve efficiency while reducing cost. The scope of the change should also be discussed. As for this case, the sales department is the only department to be affected. The sales executives will need to learn a new system. I am required to explain to the sales staff where we are right now and where we intend to achieve with the new changes. There will be need for the salesShow MoreRelatedOriental Restaurant Plans Entering The Restaurant Business1485 Words   |  6 PagesImplementation Plan: Oriental Restaurant plans entering the restaurant business by September, 2015. As owner, I will create an implementation plan for our business to follow. 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Nursing Care Plan for Unilateral Arm Lymphoedema- myassignmenthelp

Question: Discuss about theNursing Care Plan for Unilateral Arm Lymphoedema. Answer: Intervention: Laboratory analysis of the urine sample for the evaluation of the presence of bacterial culture, red blood cells and white blood cells. Rationale: The gold standard for the detection of the urinary tract infection (UTI) is via urine culture via using midstream urine. It helps in the estimation of bacteriuria or the concentration of the bacterial population in the urine. 10^5 colony forming unit (CFU) is considered as the threshold, the CFU higher than the threshold signifies UTI (Foxman, 2014). However, the threshold might change depending on the bacterial strain residing in the urine culture. Betty White is suspected to be suffering from UTI because her urine has offensive odour. Normal urine is clear with a mild straw-yellow colour. The odour of the urine may vary from person to person but does not have a strong smell. The presence of bacteria in the urine (as in case of UTI) can alter the urine odour making it pungent or offensive (Foxman, 2014). Other symptoms which indicated UTI are a) Type 2 Diabetes: Type 2 Diabetes increases the chance of UTI. Diabetes hampers normal circulation of blood as a result the WBC, the principal immune cells fail to travel to all portion of the body, leading to bacterial colonization in the urine (UTI). Moreover, during diabetes, the emptying of the bladder urine gets hampered as a result urine stays in the bladder for long promoting bacterial proliferation (Foxman, 2014). b) Breast Cancer: Chemotherapy for breast cancer treatment causes drying out of the vaginal tissue and reduces bodys ability to combat against infection generating susceptibility for UT. Moreover, UTI is common in older women (Mody Juthani-Mehta, 2014) Lymphoedema occurs due to swelling of the lymph nodes that blocks the normal functioning of the lymphatic system. Out of the five women who have been suffering from breast cancer develops lymphoedema (DiSipio, Rye, Newman Hayes, 2013). Bratty White has a clinical history of breast cancer and hence she has developed lymphoedema in her right arm. Here the obstruction of the lymphatic system might have occurred due to the consequence of tumor, radiation therapy, chemotherapy or surgery of the breast cancer (Brahmi Ziani, 2016). Intervention Rationale Periodic encourage Betty to void urinary bladder after every 2 to 3 hours while accessing patients pattern of urination This will prevent accumulation of urine in the bladder and thus reducing the number of bacterial colonization (Oman et al., 2012) Encourage Betty to consume 3-4 litres of water per day (if tolerated) It will help to increase the fluid balance in the body, help in proper renal flow via diluting the concentration of urine (Oman et al., 2012) Maintain acidic environment inside the bladder via administration of medicines like vitamin C or ascorbic acid Acidic environment will prevent the growth f bacteria (Oman et al., 2012) Nursing Care Plan: 1 Nursing diagnosis Urinary Tract Infection Nursing goal Restoration of the normal bladder function and resolution of the urinary infection Interventions Rational Proper access of the urine colour, concentration, odour and urine clarity Helps in the identification of the chronicity of the disease Performance of the appropriate laboratory test Helps in the identification of the bacterial strain colonizing inside the urinary tract (Oman et al., 2012) Nursing Care Plan: 2 Nursing diagnosis High blood pressure (BP) (145/90) Nursing goal To reduce the high blood pressure of Betty White and provide her relief from hypertension Interventions Rational Proper monitoring and recording of the BP in both the arm and things after an interval of 5 mins while the patient is at rest Comparison of the BP level helps to get a clear view of the nature of vascular impairment or the scope of the underlying problem Taking notes of the peripheral pulses Helps in the detection of the level of vaso-constriction followed by proper diagnosis of the disease condition and care (Benetos et al., 2015) References Benetos, A., Labat, C., Rossignol, P., Fay, R., Rolland, Y., Valbusa, F., ... Gautier, S. (2015). Treatment with multiple blood pressure medications, achieved blood pressure, and mortality in older nursing home residents: the PARTAGE study.JAMA internal medicine,175(6), 989-995. Brahmi, S. A., Ziani, F. Z. (2016). Lymphedema after breast cancer.Pan African Medical Journal,23(1). DiSipio, T., Rye, S., Newman, B., Hayes, S. (2013). Incidence of unilateral arm lymphoedema after breast cancer: a systematic review and meta-analysis.The lancet oncology,14(6), 500-515. Foxman, B. (2014). Urinary tract infection syndromes: occurrence, recurrence, bacteriology, risk factors, and disease burden.Infectious disease clinics of North America,28(1), 1-13. Mody, L., Juthani-Mehta, M. (2014). Urinary tract infections in older women: a clinical review.Jama,311(8), 844-854. Oman, K. S., Makic, M. B. F., Fink, R., Schraeder, N., Hulett, T., Keech, T., Wald, H. (2012). Nurse-directed interventions to reduce catheter-associated urinary tract infections.American journal of infection control,40(6), 548-553.

Financial Risk Management Essay Sample free essay sample

Abstraction Thepurposeof this survey is- To happen out whether investors receive equal information sing the hazard faced by the entity. to enable them measure a company’s public presentation non merely on return but besides on the hazard assumed in order to bring forth the returns Theaimsof this survey are- LITERATURE REVIEW Adams Wood. in his book Foreign Exchange Risk. defines fiscal hazard direction as pull offing the uncertainnesss environing possible investings. A undertaking or an investing is considered hazardous if there is uncertainness sing the realisation of expected hard currency flows. Fiscal directors and investors keep contriving new ways of raising money and avoiding hazards. Changes in involvement rates can do borrowing money really expensive and really dearly-won. Corporate fiscal directors. every bit good as investors need to do certain that possible economic fluctuations do non endanger the house or their concerns. Smart investings and funding determinations are important to a houses and an individual’s success. For smart investings to be undertaken. investors and persons should be to the full cognizant of the hazards environing their investings and possible returns that would be generated from their investings. Many companies prefer to supply minimum information to investors sing the hazard faced by their companies. They normally prefer to maintain it under screen since they know that many investors prefer taking really minimal hazards at the same clip anticipating high returns. which in most instances. is non the instance. since companies that generate more grosss are those that are willing to take high hazards. This has led to what is known as ‘Agency Problem’ . which refers to the struggle of involvement between companies and their stockholders or investors. Most companies hence leave investors to detect on their ain the hazards they face. These has affected most investors. since they put their money in companies without all the relevant information on the degree of hazards they are being exposed to. go forthing them with the premise that their investings will ever make good and that they will acquire high returns which is seldom the instance. Among the companies that filled the questionnaires. there were some companies. which provided sugar coated information ( e. g. originative accounting ) . These companies would do certain that they systematically get good returns but did non pass on to investors the degree of high hazards that they exposed their investings to. These companies withheld information. since they feared losing investors. who were the major subscribers to the capital base of the company. There should nevertheless be the realisation that. every peculiar investing has some degree of hazard inherent in it. Hazard and Return are closely correlated. Companies and persons can non avoid hazard. because by its really nature. concern and investings involve taking hazards. in order to work the available profitable chances. However. the company should non take unneeded hazards. neither should they take hazards that are out of character and which the stockholders do non anticipate. High hazardous investings normally have higher returns than low hazardous investings. In add-on. investors vary. from those who are willing to take high hazards. to those who are willing to take minimum hazards. M. Rees. in his article. ‘What type of investor are you? ’ classified investors into three classs. every bit far as hazard is concerned. They included- They are those investors who admire hazards and will set about a given investing if it promises a higher return irrespective of its hazard degree. They are those investors who do non look up to hazard and will prefer undertakings with a lower hazard degree. Before investors receive any equal information about their investings. they should be to the full cognizant of the degree of hazard they are willing to take. On the other manus. all companies have the duty to supply the relevant information that may impact the stockholders investings. Companies are required to supply prospectus to new investors. be aftering to shoot their financess in the company. A prospectus may be defined as a legal papers prepared to depict what the concern or company will make. every bit good as who the managers of the corporation and its major investors will be. An investor will be able to cognize whether the vision. mission and the ends of the company relates or reflects with his ain. Company’s Acts. Government Regulations. and capital market regulators have besides made it a demand for all listed companies to do revelations of their fiscal statements to investors and the populace. This capable companies to scrutiny from members of the populace. hence heightening transparence of company’s activities. There has besides been a greater accent in recent times. of an bureau relationship between corporations and their investors every bit good as a greater run on companies to prosecute themselves in corporate administration activities. This is expected to cut down struggle of involvement among companies and investors. Corporations should accurately show the hazard factors to investors. This would assist investors make up ones mind where to put and find the hazards they are willing to accept. It would besides assist investors make estimations of Returns on Investment ( ROI ) . Corporations and investors may utilize statistical methods to accurately step hazard. They may find the Expected Monetary Value ( EMV ) . the Standard Deviation and the coefficient of fluctuation of their investings or undertakings. The expected pecuniary value is an norm of all expected hereafter hard currency flows of any given undertaking. Standard Deviation is a step of the stringency of the chance distribution. When pull offing hazards. it is advisable for investors to unite assorted investings. in order to cut down their hazard on investings. Stockholders investings are normally capable to assorted hazards. They include political hazards. cultural hazards. exchange rate hazards. legal hazards. technological hazards. market hazards. and fiscal hazards. In my thesis. I will concentrate on involvement hazard and currency hazard. Foreign exchange hazard arises due to the demand to cover with more than one currency and consequences from possible alterations in the values of these currencies relative to each other. The exchange rate is the monetary value of one currency in footings of another currency. The foreign exchange hazard is present whenever a companies assets are denominated in the currency of its ain currency and it operates in the foreign currency. There exist three major types of exchange rate hazard. Companies are required to turn to the hazards of involvement rates and foreign exchange rate. They may use assorted methods of pull offing hazards. so that investor’s returns become safe. The schemes they employ include. The most common and operable methods that companies and investors ought to utilize to mange currency hazards and involvement rate hazard include- An option is the right to purchase ( name option ) or to sell ( set option ) the implicit in plus at a specific monetary value ( exercise monetary value ) within a specified period ( exercise period ) . Option contracts as a method of hazard direction are zero sum games. because the additions to one party is equal to the losingss of the other party. It arises when a purchaser has a right but non an duty to buy the implicit in security at a specific monetary value in future. Since he has a right but no duty. he will usually near the marketer to buy the implicit in security when conditions are favourable to him but unfavourable to the marketer. The purchaser is usually required to pay a commitment fee known as premium. It gives the marketer the right to sell his security at an in agreement monetary value ( exercise monetary value ) within a specified period. Normally. the marketer will exert the put option when conditions are favourable to him but unfavourable to the purchaser. For this ground. the marketer will be required to pay a committedness fee to the purchaser. 2. Use of barters This refers to a common understanding to interchange the duties underlying a given dealing. The major purpose of swapping is to fudge against the bing hazard by reassigning the current duty to a new duty. There are usually 2 types of barters: The purpose of this barter is to alter the duty from a state of affairs where payment is made in one signifier. to a state of affairs where payment is made in the foreign currency. For illustration. Assume that there are two companies. one is a UK company wishing to borrow Kenyan shillings. to finance an investing undertaking in Kenya. If the UK Company is non known in the Kenyan Market. it will hold to pay higher involvement rates than the Kenyan companies pay on the Kenyan money market. To set up a barter the American company will hold to place a Kenyan Company confronting similar jobs of borrowing the UK lb. The two companies will therefore arrange the undermentioned barter. Even though the usage of barters is a good hazard direction tool. there are some hazards normally associated with it. They include recognition hazard. Market hazard. Sovereign hazard and Mismatch hazard. This refers to a fiscal understanding between two parties with respect to exchange of hard currency flows related to a specific implicit in duty. The cardinal aim is to change over the loan. which is in the signifier of a fluctuating involvement rate into a loan. which is in the signifier of a fixed involvement rate. In involvement rate barter. one company may be interested in fudging against the fluctuations in involvement rates while another company may be interested in guess. 3. Matching It involves making a liability if there is an plus receivable or making an plus if there is a liability to be paid. For illustration. if the company is to have some money and its major concern is to fudge against the grasp of the local currency. so the company can borrow abroad therefore making a liability. In this instance. the decrease in the value of the sum receivable ( plus ) will be compensated by the decrease in value of the sum collectible and vice-versa. In this instance. a loss through a liability bing or created is compensated by the addition through an plus existing or created. 4. Leading and Laging This involves fixing or detaining payment or reception of money as a manner of seeking to cut down hazard. In taking. the exporter fastens the reception of the sum due if he anticipates the local currency will appreciate. On the other manus. an importer will besides fix the payment if he anticipates the local currency is traveling to deprecate. Laging leads to the hold of payment. For illustration. the exporter will detain the grosss. if he anticipates the depreciation of the local currency. while an importer will detain payment if he anticipates grasp in the local currency. 5. Money Market Hedging It refers to borrowing abroad or puting abroad. so that the cumulative sum will help in paying the sum due for an importer or the cumulative sum will help in fudging against the inauspicious motion in the exchange rate. Borrowing applies to an exporter. in the instance where the exporter can borrow abroad and put locally. He will so utilize the cumulative sum receivable to pay the sum due. In this manner. the exporter will be able to pull off the inauspicious motion in the exchange rate. 6. Future They are promises to purchase or sell something in the hereafter. at a given monetary value that is agreed upon. They are trade on organized hereafter exchanges. 7. Forward They are similar to hereafters. but they are arranged straight between a house and a bank. Firms and persons may utilize derived functions to cut down hazard. every bit good. as speculate through purchasing and merchandising of derived functions in the hope of gaining net incomes. When these guesss do non work out. losingss can be significant ; hence. investors should take great attention when covering with them. For illustration. the UK Barings. one of the world’s oldest Bankss. collapsed in 1995 due to hereafters guess by one of its bargainers. Harmonizing to John Smith. in his book ‘Summary of Risk Management Models. ’ he concludes that. there is no 1 individual method that confidently res confirm its capableness of wholly fudging hazard. It is hence upon the company and investors to take the hazard direction theoretical account that would outdo cut down their exposure to any given hazard. In decision. corporations are expected to unwrap all their activities to investors. so that investors may measure the hazards before puting. Investors should so compare the hazards and the returns. and find whether. it would be feasible to put in that peculiar undertaking. Mentions