Projections for startups and ethics
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As a health care administrator, you will undoubtedly be faced with the responsibility of making decisions that may be impacted by ethics. Sometimes, the best approach to a given situation is clear, whereas others require you to carefully consider laws, regulations, and the impact of potential outcomes. How do you ensure you will make the best decision for your health care organization?
Scenario: An organization is developing a business plan. The intent of the organization is to provide a service for a community in need, but it appears they might have trouble obtaining financing. The board is trying to decide whether to be transparent in their financials or over-predict so they can properly finance their venture.
Given the mission of the organization in the scenario, consider whether over-predicting financials would be a breach of ethics.
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Projections for startups and ethics are examined.
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http://www.entrepreneur.com/article/76418
Scenario: An organization is developing a business plan. The intent of the organization is to provide a service for a community in need, but it appears they might have trouble obtaining financing. The board is trying to decide whether to be transparent in their financials or over-predict so they can properly finance their venture.
Given the mission of the organization in the scenario, consider whether over-predicting financials would be a breach of ethics.
First and foremost, the use of predictions during the startup phase of any venture is not an exact science, and therefore, ...
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