Chapter 4 Task 1. Summarize each of the above-proposed projects in a simple table format suitable for presentation to top management. Include the name for each project, identify how each one supports business strategies, assess the potential financial benefits and other benefits of each project, and provide your initial assessment of the value of each project. Project 1 Recreation and Wellness Intranet Project Project goal description Allow employees to register for company-sponsored recreational programs, such as soccer, softball, bowling, jogging, walking and other sports. Allow employees to register for company-sponsored classes and programs to help them manage their weight, reduce stress, stop smoking, and manage other health …show more content…
Develop at least four criteria, assign weights to each criterion, assign scores, and then calculate the weighted scores. Print the spreadsheet and bar chart with the results. MYH recently updated its strategic plan, and key goals include reducing internal costs, increasing cross-selling of products, and exploiting new Web-based technologies to help employees, customers, and suppliers work togerther to improve development and delivery of its health care products and service. Criteria Weight Recreation and Wellness Intranet Health Coverage Costs Business Model Cross-Selling System Web-Enhanced Communication System 1. Satisfies business objective 35% 25 25 25 25 2. Provides positive NPV 30% 100 70 25 50 3. Can be implement in 1 year or less 15% 100 100 30 100 4. ROI within 3 years 20% 80 100 0 25 Weighted Project Scores 100% 69.75 64.75 20.75 43,75 Task 3. Prepare a business case for the Recreation and Wellness Intranet Project. Assume the project will take six months to complete and cost about $200,000. Use the business case template provided on the companion Web site for this text. 1. Introduction/Background Manage Your Health(MYH) core business goal is to provide a variety of health care services across the globe. MYH’s management believe that company can reduce internal costs and internal costs and increase business by developing Recreation and Wellness Intranet
However, in light of its organizational problems, the situation surrounding HCCH has many opportunities. First, increased funding looks promising; as $875 billion dollars has of late been approved with the Affordable Care Act to challenge the unacceptable status quo of health care in all of America. Second, HCCH is in a good position to be repositioned- meaning that HCCH’s core values of service, equality, and trust are important values to its stakeholders and will only better be reinforced through an effective rebranding. The rebranding itself is of course the third opportunity as the professional advice sought generated enlightening ideas and will guarantee a quality solution. By leveraging these opportunities and strategically managing and mitigating its problems, HCCH has the potential to create a viable marketing plan that will help keep it moving towards its organizational goals.
The Affordable Care Act was passed in 2010 to make sure that most people had medical insurance. With this new healthcare system came the responsibility that individuals would have to take initiatives to try to stay or get healthy. The preventative care portion included in the Affordable Car Act is a big item and very important in health care reform and very positive for the American people. Wellness in the workplace has become a very important issue to help reduce companies medical cost, and to help employees get on track to know their numbers, get healthy, and have a positive healthy mental attitude. Many employees do not understand or know how to get healthy and live a healthy lifestyle. With the rising cost of healthcare relating to
The key issue facing GEHS today is that despite high potential growth in both the developed and developing markets traditional B2B marketing lines are slow; the buyers control the power and the end consumer (patients) sees GEHS and its competitors as “faceless” corporations and their countries health care services as lacking. End users want cheaper, better quality, and more accessible healthcare and GEHS wants to grow market share and improve reputation.
You have volunteered to help create an ITT Technical Institute student project management group. You have been asked by the chair of the business school to develop a simple project plan to show the intended activities, to ensure a student group will be active by the first quarter of the year. Think of a minimum of six activities that need to be completed in that timeframe, ensuring that each task has a title, duration, start and end dates, and a resource assigned to the task. Refer to p. 60 of the textbook Project 2013 Absolute Beginner’s Guide and make sure to include at least two of the tasks as
Some employers suggest wellness programs to help educate staff on healthy living and lifestyles. These programs usually incorporate health topics such as managing blood pressure, weight control and management, stress management, healthy eating, cholesterol management, cancer prevention, and exercise programs. Instructing the basics is an excellent way to start the workforce on a healthy lifestyle (Lotich, 2011).
Research Consultants, Incorporated is a prestigious consulting firm that has had the privilege of working with thousands of clients over the years. As a senior member of this firm I have researched many products, but I specialize in health club research. It is my specialty because of my background as a gym owner and trainer. For these reasons, I have been assigned Mrs. Carmen Diego’s case. She is new to town and has her hands full running her high-end fashion boutique in Towne Center. She is also married with two children, named Angelina and Carl, who are both under the age of 5. Because she is so busy, she tasked RCI with finding the best health club for her. My client has many specifications listed and I intend to find the best fit for her.
Employers are implementing policies requiring employees to adopt a healthier lifestyle as not doing so can cause a significant increase in cost to the company and the employee. Companies will often offer a monetary incentive to motivate employees to change their habits, which reduce benefit cost while increasing employee performance and company commitment.
Some examples of programs that should be included are: health education and coaching, weight management programs, medical screenings, and on-site fitness programs. Work policies should also not be limited to the attendance and the expectation of employees. Work policies should also contain the intentions to facilitate employee health by including: allocating employee time for exercise, providing on-site kitchens and eating areas, offering healthful food options in vending machines, holding "walk and talk" meetings, and offering financial and other incentives for
Over time, the business world has awakened to the fact that wellness programs pay off big time. When your employees are taking fewer days off and the retention rate increases, you can pretty much say that the programs pay for themselves. At the same time, however, not every business has the resources to offer a comprehensive wellness program, which can be the case for a small business. Operating on a limited budget presents a set of challenges in terms of day-to-day work, and going above and beyond the remit
After all, healthy employees are generally more productive and happier. Now you're trying to figure out just how to offer the wellness program. You need to create a great package with benefits your employees truly want and need.
Workplace Wellness Programs (WWP) are those programs set-up by employers to help their employees improve their health and wellbeing. These programs encourage individual behavior change, in addition to helping reduce stressors in the workplace that can have negative effects on health behaviors (Andersen et al., 2015). Key features of wellness programs are health-risk assessments and screenings for high blood pressure and cholesterol; behavior modification programs, such as tobacco cessation, weight management, and exercise; health education, including classes or referrals to online sites for health advice; and changes in the work environment or provision of special benefits to encourage
There are Corporate Wellness programs that are found in different types of businesses and corporations. It is used to help reduce the healthcare expense that many employers are facing today. There are many companies in the corporate world who want to help reduce healthcare expenses, along with making the work environment less stressful for their employees. The corporate world along with other types of companies have opened workplace wellness that consists of exercise
Exercise 2: In response to an identified need, an organisation with 500 workers implements a workplace health promotion program to improve physical activity levels among its employees. The program has two main objectives:
Provide a brief description of the business problem or opportunity that the project is trying to address.
This project plan has been written after task 1 and 2 have been completed. The project problem was outlined in September and market research followed.