Dr. DoRight has recently been hired as the President of the "Universal Human Care Hospital", where he oversees all departments with over 5,000 employees and over 20,000 patients at the medical facility. He has been provided with a broad set of duties and oversight of numerous departments, including business development, customer services, human resources, legal, patient advocacy, to name a few. He has managers in each department that he supervises and who work with him to address the needs of the various internal and external stakeholders of the hospital. Dr. DoRight discovers that some patients within the hospital have been dying as a result of a variety of illegal procedures by doctors and nurses, and negligent supervision and oversight on their part. This was brought to his attention in a few meetings and he told his Regional Director Compliance Manager and Executive Committee in January 2009. He was told by them that the matter would be investigated and they would report any findings to him as soon as possible. After two (2) years, there have been no results from the investigation and some patients are still passing away due to the negligent activities. He also answers to a board of trustees and interfaces with numerous community organizations and corporations who have various reasons for doing business with the hospital. Dr. DoRight continues to win awards for his leadership of the hospital and meeting business goals. He was recently named "Medical Business Executive of the Year" in 2011
Determine at least three (3) different internal and external stakeholders that Dr. DoRight might have to deal with on a daily basis at the hospital. Discuss the duty of loyalty owed to each internal and external stakeholder.© BrainMass Inc. brainmass.com October 17, 2018, 4:48 am ad1c9bdddf
Three internal stakeholders that Dr. DoRight might have to deal with on daily basis are the Clinical staff, managerial staff, and administrative staff. The three external stakeholders that Dr. DoRight might have to deal with are the board of trustees, community organizations, and corporations who have different reasons to deal with the hospital
Dr. DoRight has the duty of loyalty ...
This solution gives you a detailed discussion on Corporate Governance and Ethical Responsibility
Corporate Governance, Corporate Social Responsibility and Business Globalization
1- Give ONE (1) example to describe how corporate social responsibility can be consistent
with effort of the management to maximize the firm's value.
2- Doing business in the era of globalization exposes a company to more challenges.
Provide ONE (1) example of these challenges and explain the action that a financial
manager must take in facing the challenge.