Managerial Economics
All questions should be answered for each case study. If calculations would enhance your commentary, it is strongly urged that you include these calculations. The length of a case study is determined by how well you include the requested information.
Case Studies—each case study should follow this format: Prior to your analysis, you should provide a brief summary of the case, a paragraph or so in your own words with in text citations. You then can choose to answer the questions in paragraph form or type the question and then answer it. Either way is fine, but I do require that your answers have in text citations to support what you are saying. Some of the questions are your opinion, but you should also support that with concepts from the text.
Succinct, complete answers that show that you have prepared your writing with thought and reflection are preferable to answers that ramble and are not reflective of the course content. A complete, well-developed response can be given in one paragraph, several paragraphs or a page depending on the question and your ability to articulate your answer. If it requires more than one page that is acceptable as well. The written assignments will be critiqued on the technical part of your answer, the clarity and logical sequence of your response, and grammar and spelling.
You are encouraged to use textbook concepts as you attempt to explain in your own words the answers to the assignments. Word choice and sentence structure that is suitable for graduate-level work is expected.
Each question must have at least 1-2 citations (Textbook citation required, must include page number, or outside source). Please contact me if you have any questions.
In order to earn full points, the posts need to be substantial and relate real world examples to the questions being asked. Any references you use should be in APA format and listed at the end of your post
APA style writing (Times Roman, font 12…) Double spaced
APA style reference and quotes/phrases need to be referenced within the essay as well, for example… “This concern was real enough to stop… (DeMarzo, 2014 page 260).”
They will use a program and check for Plagiarism, it has to be less than 20%.
TEXTBOOK LINK:
Brickley, J., Smith, C., & Zimmerman, J. (2009). Managerial economics and organizational architecture (5th ed.). New York: McGraw Hill/Irwin.
http://home.comcast.net/~drbrucehartman/Brickley5Online.pdf Same textbook (Wording is exactly the same)
Other resources:
http://highered.mheducation.com/sites/0073375829/student_view0/chapter2/index.html
Question:
Please see Case Study Attached. Questions in case study need to be answered, using context in Chapter 2. This can also be found in Chapter 2 in the textbook page 38
ANALYZING MANAGERIAL DECISIONS:
Interwest Healthcare is a nonprofit organization
that owns 10 hospitals located in three western
states. Cynthia Manzoni is Interwest’s chief executive
officer. Vijay Singh, lnterwest‘s chief financial officer,
and the administrators of the 10 hospitals report to
Manzoni.
Singh is deeply concerned because the hospital
stafi» are not being careful when entering data into
the firm‘s management information system. This data
involves information on patient intake, treatment,
and release. The information system is used to com-
pile management reports such as those relating to the
costs of various treatments. Also, the system is used
to compile reports that are required by the federal
government under various grant programs. Singh rea-
sons that without good information, the management
and government reports are less useful and potentially
misleading. Moreover, the federal government peri-
odically audits Interwest and might discontinue aid
if the reports are deemed inaccurate. Thus, Singh is
worried about the managerial implications and the
potential loss of federal funds.
Singh has convinced Manmni that a problem exists.
She also realizes the importance of an accurate system
for both management planning and maintaining
Intenvest Healthcare Corp.
federal aid. Six months ago, she invited the hospital
administrators and staff members from the corporate
financial office to a retreat at a resort. The purpose
was to communicate to the hospital administrators
the problems with the data entry and to stress the
importance of doing a better job. The meeting was
acrimonious. The hospital people accused Singh of
being a bureaucrat who did not care about patient
services. Singh accused the hospital staffs of not un-
derstanding the importance of accurate reporting.
By the end of the meeting, Manzoni thought that she
had a commitment by the hospital administrators to
increase the accuracy of data entry at their hospitals.
However, six months later, Singh claims that the
problem is as bad as ever.
Manzoni has hired you as a consultant to analyze
the problem and to make recommendations that
might improve the situation.
I. What are the potential sources of the problem?
2. What information would you want to analyze?
3. What actions might you recommend to increase
the accuracy of the data entry?
4. How does your view of behavior affect how you
might address this consulting assignment?
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