Management Control
1. What is the CSS mission and Vision ? How can we transform the vision to outcome ?
The CSS mission involves being in a position to apply both scientific alongside technological advancements with a role to create a healthy, safe and a future that is environmentally sustainable. Its vision lies in the fundamentals of the continually in fostering development, both of an innovative, economically healthy alongside a company driven by quality. Such that it is in a position to offer a rather comprehensive environmental and safety, health alongside support scientifically in its services. To achieve this vision to an outcome, there is the need for the improvement of management alongside increasing its level profitability by instilling proper infrastructure and rewarding effort among the employees. (Pellegrini 64)
2. Defining CSS Strategy.
Its strategy lies in its ability to provide superb and up to the standard services in gynecology and pediatrics care through proper management hence increased profitability.
3. What is important about the CSS History and evolution (from 1997 to 2007)?
The historical facts and evolution information is important since it shows the stages and measures put in place in the growth and development of the facility.
4. What are the success factors?
5. Which are the internal challenges (qualitative and quantitative analysis) and external challenges?
Among the internal challenges, there is the weak strategic map and control on the qualitative end and misunderstandings among the employees on the quantitative side. On the external issues, there is the severe competition from other units on the qualitative and constitutional requisitions that in one way or the other board operations ( Pellegrini 66).
2 ) 1. What is the Financial condition of Lehman Brothers as of September 14th and the seriousness of the firm's liquidity problem? Conclusion on its ability to function as an enterprise and the steps to be taken for them to open for business.
Lehman brothers had barely anything, and their liquidity standing was at 42 billion US dollars. The firm is almost collapsing due to bankruptcy, and one of the ways to reclaim it or taking another option involves proper management, donor funding, skilled labor force employment and good marketing strategies.
2. What are the obligations and responsibilities of Lehman Brothers Boards of Directors?
The board of directors got a role in ensuring the unit does not collapse and to keep the faith of its partners intact for future growth.
3. In 2007, the Lehman Brothers board supported management’s decision to take on increasing levels of risk. Did the Lehman Brothers board of directors fulfil their obligation and responsibilities?
Yes, the board of directors showed willingness and acceptance, and there was a full endorsement from the board Lehman Brothers to take on the risk of loan borrowing from the markets with attempts to reclaim the collapsed enterprise.
4.Chief Executive Officer Richard Dick was both the Chairman of the Board. How did the CEO/Chairman at Lehman Brothers help or hurt the company?
5. Consider the three options that faced the board of Lehman Brothers at their final meeting on September 14, 2008. What should the board of directors do?
6. What are the implications of the Lehman Brothers case for extant theory in the general area of corporate governance? Apply at least two major theoretical perspectives to your response.
The implications are very apparent that the enterprise ceases to exist out of bankruptcy as well as the Lehman Brothers get forced to pick another option. Using the Resource Dependency theory alongside the Transaction cost economics theory of the corporate governance, the board of directors needs to strategies on how to ensure the operations of the enterprise continues and stands tall.
Conclusion.
Depending on the plan chosen, there will be an effect on the operationalization, and this will see the change in management and output. The fact that an approach was chosen sees the growth of the enterprise. A balanced scorecard (BSC) is founded on four grounds, including, the output levels, input aspects, net-worth as well as the performance management.
Work Cited
Pellegrini, Anthony D. Economic Theories : Its Role in Development and Financial scope. Mahwah, N.J: Lawrence Erlbaum Associates, 2005. Print.
