8. mcs wilson nd binoy

7/28/2019 8. MCS Wilson Nd Binoy

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M.C.S. IN

SERVICE ORGANIZATIONS

Presented By:-

Sourabh PalRahul Yadav

Wilson Xalxo

Binoy Babu


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By:-

Sourabh Pal


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SERVICE ORGANIZATIONS

Service Organizations in General

Characteristics:-

1) Essence of Inventory Buffer2) Difficulty in Controlling Quality

3) Labor Intensive

4) Multi- Unit Organizations

Historical Development


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PROFESSIONAL SERVICE

ORGANIZATIONS

Special Characteristics

1) Goals

2) Professionals3) Output and Input Measurement

4) Small Size

5) Marketing


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MANAGEMENT CONTROL SYSTEMS

1) Pricing

2) Profit Centers and Transfer Pricing

3) Strategic Planning and Budgeting4) Control of Operations

5) Performance Measurement and Appraisal


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By:-

Rahul Yadav


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FINANCIAL SERVICE ORGANIZATIONS

The Financial Services Sector

The arguments for spin off are many:

1) This separation will ensure objective research data.

2) At present, cost of research is being subsidized byinvestment banks; if investors have to pay for

it, they will demand higher-quality research.

3) Investor confidence will improve if they are convincedthat research is unbiased.


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Several arguments are offered against

such a spin off:

1) The cost of research will go up if they are set up

as separate firms;

2) The best research analysts will join investment

banks due to the higher pay scales, thereby

leaving independent research firms with lower

caliber employees; and

3) To keep costs down, research departments mayissue short reports instead of a rich, detailed

analysis of stocks as is the current practice.


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1) Monetary Assets

2) Financial assets

3) Time Period for Transactions4) Risk and Reward

5) Technology


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WILSON XALXO

By:-


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HEALTH CARE ORGANIZATIONS

Health care organizations consist of hospitals,clinics, and similar physicians organizations;health maintenance organizations; retirement

and nursing homes; home care organizations; andmedical laboratories, among others.

They constitute the largest industry in the United

States: 14 percent of the gross national product,which is about the same percentage as the totalof all durable goods manufacturers.


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1) Difficult Social Problem

2) Change in Mix of Providers

3) Third-Party Payers

4) Professionals

5) Importance of Quality Control


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Management Control Process

Because of the shift in the product mix and because of theincrease in the quantity and cost of new equipment, thestrategic planning process in hospitals is important.

The annual budget preparation process is conventional.

Huge quantities of information are available quickly for thecontrol of operating activities.

Financial performance is analyzed by comparing actualrevenues and expenses with budgets, identifying importantvariances, and taking appropriate actions on them.


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By:-

Binoy Babu


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NONPROFIT ORGANIZATIONS

A nonprofit organization, as defined in law, is an organization thatcannot distribute assets or income to, or for the benefit of, itsmembers, officers, or directors.

The organization can, of course, compensate its employees,

including officers and members, for services rendered and forgoods supplied.

This definition does not prohibit an organization from earning aprofit; it prohibits only the distribution of profits.

A nonprofit organization needs to earn a modest profit, on average,to provide funds for working capital and for possible rainy days.


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1. Absence of the Profit Measure

2. Contributed Capital

3. Fund Accounting

4. Governance


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MANAGEMENT CONTROL SYSTEMS

1) Product Pricing

2) Strategic Planning and Budget Preparation

3) Operation and Evaluation


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XJ


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Ani Querij Pleaj. Dheej..


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8. mcs wilson nd binoy

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