However, this is a high risk, high reward strategy if it can be carried out strategically and slowly to gain expertise of the new offering, process and design. Again, this is a risky option and expanding the existing services seems to be a safer option than diversification or opening up a new site in the market. I recommend doing a comprehensive market research on the future demand, government regulations, easy to implement design and replicate the organizational culture in various markets starting from U.S to build a long tern strategy of growth for the brand Shouldice Hospital. OTHER ISSUES Brand
In a prevailing fee-for-service outpatient setting, in order to generate more revenue, the institution and the individual clinicians may sacrifice quality for more quantity (for example generating unnecessary tests) or improve efficiency to maintain quality and profits; 5). The ownership type may affect this pathway in that the private ownership because of its share-holder mandate for profits may have a stronger incentive for profits than the public hospital which at least in theory has a social mandate – the stronger incentive for profits may lead to inferior quality if the efficiency does not change; however, the private nature may also make the private hospitals more efficient than the public ones; the higher efficiency may enable the private hospitals to generate larger revenue while maintaining quality.
It can be caused by the tax flow is out of tax responsibility which is used to gain a personal benefit. Corruption may lead to the adverse budgetary consequences. Besides, corruption also leads to a lower quality of public infrastructure and service. Because it is possible that most of the corruptors use the cheap materials which is not standard and gain the remain of the contract money to become a personal
Mauro argues why corruption is particularly serious in some countries and becomes a vicious circle with low economic growth. It argues that when the corruption of a region prevails, the chances of being caught and punished are reduced, leading individuals to spend more time on corruption, which he calls the strategy complements and combines this concept with Barr’s construction which is the production function of joining government spending. The model results show that corruption and economic growth will show a complex equilibrium, that is, clean and high economic growth rate will have a good balance; serious corruption and low economic growth rate will have a bad balance. This is due to the low probability of corporal punishment in the area;
Because of medical care, individuals could visits the doctor office for everything, ask for unnecessary laboratories or being reluctant to have healthy habits due to medical services coverage. health care is cheaper for the insured. Additionally, having insurance could encourage unhealthy behavior via moral hazard (Dong, 2011). Because of these scenarios, Health care needs to be regulated. It should provide relief when unexpected events occurs, promote healthier lifestyles but the privilege should not be abused.
The notion that education generates sufficient external benefits, either through higher levels of economic growth spillovers is examined and found lacking. Even under conditions of market failure, government failure is omnipresent and sufficiently. Through education provides positive externality and that university education needs to be subsided the government might not have enough money to pay for education which might also reduce the funds paid by the
However whereas prices might vary general corruption might exist with robust economic performance, expertise suggests that corruption is unhealthy for development. It leads governments to intervene wherever they have not, and it weakens their capability to endorse and execute rules in areas during which government intervention is clearly required and essential—whether environmental parameter, fitness and security regulation, social safety nets, political financial system stabilization. In most developing countries these days, corruption is widespread and a part of standard of living. Society has learned to measure with it, even considering it, fatalistically, as Associate in nursing integral a part of their culture. Not solely square measure public or official choices – to Illustrate, on the award of state contracts or the number of tax due – bought and sold-out, however fairly often access to a public service or the exercise of a right, similar to getting civil documents, additionally
Stricter labour laws might reduce the level of inequalities but the coefficient attributed to it is not statistically significant. This mix effect illustrates the intense competition that workers of developing countries are facing. Government spending seems to reduce disposable income inequalities which suggest that government could only tackle inequalities through increases in intra-country transfers, making counter tax evasions schemes measures all the more relevant. Finally and contrary to our belief, the proxy of education attainment inequality used, as well as the proxy for skill premium impact on inequality are inverse to what was expected. It could be that instead of driving inequalities, the average number of years in education (proxy for skill premium) increases in difficult times when inequalities are high.
There are many economies which run deficits of 2-3 percent of GDP—ours is less than 1 percent. But steps need to be taken to address the slump in exports and remittances, and to stem illicit financial outflows through trade miss-invoicing so that the deficit does not spiral out of control. Some will argue for better administrative and technological capacity to identify such illicit outflows. But perhaps we should think more about incentivizing people to keep their money inside the country by generating more confidence in our economy, institutions and political
With the rapid technology change in healthcare, it is essential for KTPH to keep up with the current trend. The state-of-the-art medical equipment and automation can improve efficiency, with greater productivity and lesser errors (KTPH 2015). The wealthier patients may prefer private hospitals due to the shorter waiting time and better quality services. Patients may also visit Johor Bahru hospital for medical services due to lower medical cost and accessibility. Hence, KTPH needs to provide affordable and good quality healthcare services to maintain its attractiveness.