Theme: Leadership Intangible Instructions: Respond to a classmate in a robust and substantive manner. Support your discussion with research.Post 1: In the realm of public health and healthcare environments, leadership qualities that are not easily quantifiable, known as leadership intangibles, are crucial for successfully navigating the complexities and challenges that arise. According to Dargin (2013) “Being unable to identify and manage “intangibles” is a major reason that forward movement in a project, a career, or an organization can be delayed or even stopped completely.” These intangible skills extend beyond technical expertise and encompass attributes such as emotional intelligence, resilience, adaptability, effective communication, empathy, and strategic thinking. Mastering these intangibles is often the linchpin for effective leadership in these sectors, as they significantly impact decision-making processes, team dynamics, relationships with stakeholders, and the overall effectiveness of organizations.One effective approach to cultivating and enhancing these intangible skills is through leadership coaching and 360-degree feedback mechanisms. Leadership coaching offers personalized guidance and assistance to help leaders identify their strengths, weaknesses, and areas that need improvement. According to Gaines (2020) “leadership coaching emphasizes active listening rather than lecturing, asking the right questions rather than providing answers, and presenting leaders and teams with various options rather than giving directions.” Coaches work with leaders to establish goals, create action plans, and refine leadership capabilities, including crucial intangibles like self-awareness, empathy, and communication. On the other hand, According to Boogaard (2023) “360-degree feedback means receiving feedback from a variety of sources.” 360-degree feedback involves collecting input from various sources such as peers, subordinates, superiors, and stakeholders to provide a comprehensive evaluation of a leader’s strengths and areas necessitating growth. This feedback fosters self-reflection, illuminates blind spots, and presents opportunities for enhancing intangible skills.Furthermore, academic programs specializing in public health and healthcare leadership play a pivotal role in nurturing these essential traits. These programs typically incorporate a blend of coursework, case studies, simulations, and hands-on learning experiences that emphasize the cultivation of leadership intangibles. For instance, students may participate in collaborative projects, attend leadership workshops, engage in conflict resolution exercises, and partake in discussions centered around ethical decision-making. Faculty members and mentors within these academic programs offer invaluable guidance, mentorship, and feedback to support and cultivate students’ leadership capacities.Emerging leaders can leverage these educational and feedback tools to enhance their effectiveness in leading change by embracing a growth mindset. This involves acknowledging that leadership skills are honed through continuous learning, practice, and feedback. They can actively solicit feedback by being receptive to constructive criticism, seeking input from diverse viewpoints, and using feedback to enhance their leadership strategies. Engaging in ongoing learning opportunities, such as leadership programs, workshops, and literature review, helps them stay abreast of industry best practices and emerging trends. By practicing self-reflection, they can gain valuable insights into their leadership style, strengths, and areas for improvement. Establishing a robust support system comprising mentors, peers, and advisors provides them with the guidance, motivation, and feedback necessary for their leadership development journey.Post 2: Intangible leadership qualities are essential skills and habits that help people in charge of public health and healthcare work well in challenging and uncertain situations. Leaders can motivate and help their teams through tough times by showing these intangible qualities like wisdom, courage, humility, and kindness.Coaching in leadership and comments from all sides can be very helpful in developing and improving these soft skills. Coaching gives people a personalized way to become more self-aware, think about themselves, and set goals. It helps leaders see where to improve and devise ways to cultivate essential intangibles (Helm-Murtagh & Erwin, 2022). Additionally, 360-degree feedback gives leaders helpful information from various sources, such as coworkers, subordinates, and supervisors, showing their strengths and areas where they can improve.Schools that teach public health and healthcare leadership have a significant role in encouraging these essential traits. These programs can help students learn about the intangible parts of leadership by using case studies, leadership development curricula, and hands-on learning. They can also give students a safe place to practice and improve their leadership skills (Helm-Murtagh & Erwin, 2022). Workshops, simulations, and mentorship programs can help students learn even more and prepare for the problems they may face as leaders. New leaders can use these learning tools and get feedback to improve how well they lead change. By actively participating in leadership coaching and looking for input from all sides, they can learn much about how they lead and find ways to improve (Helm-Murtagh & Erwin, 2022). Participating in leadership development programs in school can also give people a solid understanding of leadership theory and best practices, giving them the information and skills they need to develop essential intangibles.Furthermore, aspiring leaders can develop these intangibles by actively seeking opportunities to think about themselves, practicing mindfulness, and having a growth attitude. People can also improve their humility, kindness, and wisdom by openly and honestly talking with people with different opinions. Tools like leadership coaching, 360-degree feedback and academic programs can help new leaders get better at leading change, navigating complex environments, and inspiring their teams to reach organizational goals while upholding the values of public health and healthcare.Theme: Chapter 20 PresentationInstructions: Please view your classmates presentation and offer comments, minimum 200 words.Post 1: (See video)Good day, here is the link of my presentation https://youtu.be/BcVpRmwOCXE.Post 2: (See video)Hi! I hope that you are doing well! This is my youtube link of my presentation: https://youtu.be/3hstC3CJXxk I hope that you can enjoy it. Theme: Capital budgetingInstructions: Responses to classmatesÂ’ posts comprising at least 150 words supporting, challenging, clarifying, or adding to the existing information.Post 1: This weekÂ’s chapter lesson expands on last weekÂ’s lesson on capital budgeting techniques. In this weekÂ’s lesson, we learned about the relevant cash flows–inflows and outflows–necessary for capital budgeting, what they mean, and how to apply them to your capital budgeting techniques. “Capital budgeting is the process of analyzing, evaluating and prioritizing investment in large-scale projects that typically require significant amounts of funds, such as the purchase of a new facility, fixed assets or real estate.” (Russo, 2023) For this reason, it is necessary to evaluate a statement of cash flows related to a potential investment, like an expansion or an internal project. “Use cash flows, rather than net income, for modeling capital projects. Incorporate cash flows from all sources, including changes in working capital, such as increases and reductions in accounts receivable and accounts payable.” (Russo, 2023) Cash flows are considered to paint a more accurate picture of the investment. The statement of cash flows will show the initial investment cost, the income gains per period, the amount of periods until payback is reached, and all other inflows of cash after that point until the investment reaches maturity (or for an expansion, a projection of inflows after payback for a given number of years as this type of investment does not reach “maturity” so to speak). Two important cash flows to evaluate are total cash flow and net cash flow. “[Total] Cash Flow of the entity is the sum of the Cash Flow from all activities including operating, investing and financing activities. The [Total] Cash Flow of a period of time will equal the difference between the entityÂ’s cash balance at the beginning and ending of the time period.” (Verma, 2021) “Net Cash Flow is the profit (or loss) of the entity plus non-cash expenses (that is depreciation and amortization). Net cash flow includes the financing and investing activities that are included on the income statement, but excludes financing and investing activities affecting the balance sheet.” (Verma, 2021) These definitions are important so as to understand the difference between the two. These cash flows are important before making a decision because they will show the present value, future value, and net present value of the proposed investment or project. Another important cost to consider is opportunity cost. “Assuming that capital funds are not infinite, the opportunity cost represents benefits that are forgone by choosing one investment over the next best one. […] Opportunity cost is especially relevant in capital budgeting when evaluating one project against another and is used to determine a “hurdle,” or minimum target return, that a capital project must meet.” (Russo, 2023) This is necessary for comparisons, as Russo states, given that comparing multiple proposals will likely occur. The opportunity costs will allow the manager to see which opportunity is more worthwhile and more likely to meet business needs beyond that of increased income. This is a cost I would consider when making future investments and ask myself what do I gain from doing X, Y, or Z at this time? Post 2:As a clinical analyst, while I always work with capital budgeting cash flows, cash flows derived from the capital budgeting process deserve my full attention. This week’s learning objectives assisted me in understanding that the investment choices made during long-term asset development can be an important factor in a healthcare organization’s operation and development.Consequently, one of my most important lessons has been accurately computing future cash flows forecasted for capital investments in healthcare facilities, equipment or technology. In such a position, I regularly deal with data and analyze them to get insight into issues like patient care, distribution of resources and how operations harmony is achieved(Zhang & Bohlen, 2023). By integrating capital budgeting theory into my findings, I can contribute to the financial evaluation of future investments based on projects.Additionally, it is important to note that capital budgeting cash flows are a driving force in the strategic planning and decision-making of the health facility. Hospital administrators should consider several things: amending, replacing or introducing new technologies into existing equipment, expanding current facilities or constructing new ones, and implementing new technologies (Abbas Homauni et al., 2023). These decisions require not only short-term but also long-term financial planning and balance. As an analyst, I invariably evaluate these investments’ expected ROI and risks. I help senior executives make decisions that align with our organization’s strategic objectives.On the personal side, grasping the essence of capital budgeting cash flows leads to my active engagement in financial planning and the optimal management of organizational resources. Bridging the gap between clinical operations and financial management enables me to use healthcare infrastructure and technology investments as tools to improve patient care by building the necessary steps and creating economic stability.A high level of knowledge in capital budgeting principles and others contributes to my professional credibility, making me a crucial player in collaboration with finance and administration teams. I believe that being fluent in the language of funds and exhibiting my familiarity with the financial consequences of clinical actions are instrumental in creating a harmonious atmosphere of inter-departmental collaboration that ultimately facilitates reaching organizational goals.Post 3: This week’s Financial data from capital budgeting cash flows helped clinical analysts make decisions. Capital budgeting cash flows are crucial when examining the financial impacts of significant healthcare investments or projects, but I focus on healthcare data analysis and clinical process optimization. This week’s lecture emphasizes the need to appropriately calculate project cash flows for new medical equipment and healthcare technology. I learned how finances affect decision-making by studying initial, periodic, and terminal cash flows. This helps me assess the financial viability of healthcare delivery innovations with finance and admin. Depreciation ideas differ between accounting and cash flow analysis (Chizmar et al., 2020). Depreciation favors cash flows over net income, notably tax savings. I use these insights to allocate healthcare budgets and resources for strategic goals and optimal financial returns.Clinical analysts enjoy incremental cash flows because they compare an investment’s increasing cash flows to the status quo. This strategy helps financial and clinical decision-makers holistically analyze project or expansion benefits and costs. Healthcare businesses must reliably predict incremental cash flows to choose the best investments for patient care and financial stability. Include working capital changes in initial and terminal cash flow calculations to assess healthcare investments’ financial impact. Understanding how inventory management, accounts receivable, and accounts payable affect cash flows helps me assess a healthcare organization’s financial health and improve efficiency (Siziba & Hall, 2019). I can improve healthcare companies’ working capital management and financial stability by including these aspects in financial analysis. Learning materials demonstrate theoretical principles in real-world circumstances to help students comprehend capital budgeting cash flows. This practical expertise helps me make patient care and financial performance decisions with finance, operations, and clinical stakeholders. Overall, capital budgeting cash flow exploration improved my financial and healthcare management skills this week. As a clinical analyst, this knowledge helps me make clinically sound and financially viable decisions for patients and healthcare organizations. Post 4: Capital budgeting cash flows are crucial in making long-term investment decisions for a business. As an aspiring optometrist with a visual clinic, understanding capital budgeting cash flows can help me make informed decisions about purchasing new equipment, expanding the clinic, or investing in new technology. According to Kindness (2023) “Capital budgeting is the process by which investors determine the value of a potential investment project.” On the other hand, cash flow according to Drury (2023) “is the net cash and cash equivalents transferred in and out of a company.”Capital budgeting cash flows involves analyzing the expected revenues, costs, and cash inflows and outflows associated with an investment opportunity. This analysis will be essential for making informed investment decisions, as it will allow me to evaluate the potential returns and risks associated with each option and determine which investments are most likely to be profitable and sustainable for my future visual clinic.For example, when considering whether to invest in new equipment or expand services, I will need to carefully evaluate the potential cash flows associated with each option. By analyzing the expected revenues, costs, and cash inflows and outflows associated with each investment opportunity, I can make informed decisions that lead to a more successful and sustainable visual clinic.In addition to impacting my future professional role as an optometrist, capital budgeting cash flows will also impact my personal financial situation. By understanding how to analyze various investment opportunities and evaluate their potential returns and risks, I can make informed decisions that lead to a more successful and sustainable business, which in turn will provide me with a stable and secure financial future.Furthermore, capital budgeting cash flows is a critical concept for any business owner, and understanding how to analyze various investment opportunities and evaluate their potential returns and risks is essential for making informed investment decisions that lead to a more successful and sustainable business. As an aspiring optometrist with a visual clinic, capital budgeting cash flows will be a crucial aspect of my business operations, and I will need to be proficient in this area to make informed investment decisions that lead to a more successful and sustainable future
