Advanced HealthCare Management Essay Example | Topics and Well Written Essays - 500 words

Advanced HealthCare Management - Essay Example Conversely, a team may be defined as comprising a group of individuals. In such a way, it can be determined that a group can only develop into a team if there is a drive to reach some form of coordinated consensus or particular goal. Within such an understanding, the reader can come to the appreciation of the fact that the ultimate evolutionary goal of each and every group is to arrive at the â€Å"team† stage of development. Furthermore, an added level of differential exists between formal and informal groups. As one might expect, formal groups are created and/or maintained as a means of fulfilling certain and specific tasks with relation to the needs and demands of a particular entity and/or organization. Such a level of conscious and deliberate creation helps to constrain and formalize them into units that would not otherwise naturally exist or be spontaneously evidenced within the professional/business/or corporate environment. However, informal groups are the result of the spontaneous forces that can encourage individuals to come together while working to develop a variety of goals. Informal groups can be predicated on either useful or un-useful metrics. An example of a useful metric could be the fact that an informal group could come together as a means of tackling an extant problem that all stakeholders had come to notice (Hongseok et al, 2004). Conversely, an un-useful means by which such an info rmal group could be created would be based on a shared dislike for an individual or group of individuals. Although these organizational standards and means of application for teams, formal, and informal groups are all different, it must be understood that they each have their place in seeking to speak to the needs of the individuals and organizations that create and sponsor them. Hongseok, O., Myung-Ho, C., & Labianca, G. (2004). GROUP SOCIAL CAPITAL AND GROUP EFFECTIVENESS: THE ROLE OF INFORMAL SOCIALIZING TIES. Academy Of Management Journal,

Any topics is fine, as long as connected to microeconomic theories Term Paper

Any topics is fine, as long as connected to microeconomic theories - Term Paper Example Therefore, drawing on a variety of sources the paper will discuss how a decrease in price caused by an increase in the number of supplier shifts the supply curve to the right based on an article on oil prices reduction. Supply is the amount of goods manufacturers or suppliers are willing to sell at a certain price (Colander, 2008). The law of supply says that the higher the price of a product, the more the quantity suppliers or firms will be willing to produce and sell (Hall & Lieberman, 2012). Supply is usually plotted as a supply curve demonstrating the link between price and the amount of products producers are ready to bring to the market and sell. As a result, it slopes from left to right. There are various factors that affect supply, First is the technology used to produce the good. If a firm uses advanced technologies to produce the product, more products will be manufactured increasing supply. Secondly is the price of the product. There is a proportional relationship between price and supply. If the price of a commodity increases, it will result in a proportionate increase in the quantities supplied. Third is the number of firms. When the number of manufacturers increases, there are more suppliers in the market leading to a drop in the price of the commodities supplied. Next is the price of alternative goods (Varian, 2009). When the price of an alternative good rises, the manufacturers find it profitable increasing production. Fifth are the future expectations of the producers. When the producers are looking forward to an increase in price in the future, they can increase their production so as to earn more profits in the future (Perloff, 2007). Consequently, the s upply increases. Sixth is the price of inputs also affect supply. Goodwin, Nelson, Ackerman, and Weissskopf (2009) observe that an increase in the price of land, labor, and raw materials