The Performance of Microsoft Corporation and Oracle Corporation Essay

The Performance of Microsoft Corporation and Oracle Corporation - Essay Example Oracle, on the other hand has a net income of almost half as of with Microsoft, but has shown a growth of 17% which shows the company is progressing in the right direction. Account Receivables According to the balance sheets, the accounts receivable was $14,987 million in 2011 and $15780 million in 2012. The percentage of debtors compared to total revenues were 21.42 % (14987/69943 * 100) in 2011 and again 21.40 % (15780 /73723 *100) in 2012. On the other hand, Oracle, had accounts receivable of $6,628 million in 2011 and $6377 million in 2012. This as a percentage of total revenues was 18.6 % (6628/35622 *100) in 2011 and came down to 17.18 % (6377/37121 *100) in 2012. This indicates a tightening policy and Oracle started collecting cash quickly. Hence, Oracle has shown a positive trend making a good impact on its current assets, and in case of liquidation, it receives cash faster and might be offering cash discounts in order to speedup the collection. And as for Microsoft has been consistent with its debtors policy and has not made much effort in reducing the debtors collection period. Account Payables The accounts payable of Microsoft for 2011 were $4197 million and $4175 million in 2012. For Oracle, the creditors figure was $494 million in 2011 and $438 million in 2012. The accounts payable for Oracle was significantly lower. Also calculated as a percentage of the total costs the accounts payable for Oracle were significantly lower. This indicates that Oracle pays of its creditors earlier. This might be possible so that Oracle can avail cash discounts and not keep long credit term period. Inventory Looking at the past years balance sheet, it can be concluded that both of the firms were successful in reducing their inventory level over the past...However, this is not of due importance, the respective companies have been consistent with this over the years and this will not affect our analysis. Looking at the past years balance sheet, it can be concluded that both of the firms were successful in reducing their inventory level over the past two years. Microsoft reduced their inventory level from $1,372 million in 2011 to $1,137 million in 2012. This shows a decrease in inventory level of 17% over the year. On the other hand, Oracle was able to reduce the inventory level by 48% which is almost the half from the previous year. The company’s inventory level declined from $303 million in 2011 to $158 million in 2012. The above comparison of inventory level shows that Oracle has been able to reduce its cost of holding inventory such as cost to insure, track and storage cost. An inventory shows the firm’s investment tied up in form of stock until the good is sold. It also indicates that Oracle would have a better quick ratio which is a better measure of liquidity than current ratio. This ratio excludes inventory from current ratio as it is difficult for firms to convert inventory into stock. Also, Oracle might have a better inven tory management system as they might be using just-in-time method for their inventory, where company receives inventory only when needed or they might have a better a sales forecast in comparison to Microsoft.

Management practice and ethical issues in the healthcare industry Research Paper

Management practice and ethical issues in the healthcare industry - Research Paper Example The healthcare industry can take cues from bank strategies to find a solution. There are also common elements that can be applied across all types of organizations including healthcare. Financial constraints often force managements to compromise on health and medical care. The suggestions provided at the end of the paper may help the industry to overcome or reduce this unethical practice. Keywords: management practice, cost reduction, ethics, healthcare and banking industry Management practice and ethical issues in the healthcare industry There is a simple commonly used and popular adage that ‘health is wealth’. If a person is healthy, then he or she can be in a position to lead a comfortable or even wealthy lifestyle. Hence it is the individual responsibility to see that one’s health is maintained. Unfortunately this does not happen in real life situations and many factors like lifestyle, pollution, and genetic disorders can cause serious and chronic diseases. Wh en this happens, it is natural that a person resorts to healthcare providers in order to find a cure. But ironically, the rising costs of healthcare especially in the United States have come to such a stage that many are not able to meet their healthcare expenses if needed. This in turn forces the management of healthcare institutions to force physicians (and others directly involved in patient care) to cut down on expenses. In other words, the money spent on a patient should not exceed the capacity of that person to pay for it. This paper looks at the ethical viewpoint on such a stand taken by the management. It is true that most businesses follow the same strategy of cutting down or optimizing their spending. But it is felt that the area of health care is different because it is considered to be a divine profession, an example being the Hippocrates Oath. But management practices (for practical purposes) often do not see it that way. Denying a patient due and diligent healthcare ca n be hence considered to be unethical. There may be many areas in the area of healthcare where ethical issues may come up. The area of study here looks specifically at the management practice of cutting costs that could result inadequate healthcare which could result in not curing the disease and even death or disability to the patient. In the process, the paper will look at the same management practice (mentioned above) in a non-medical industry and provide practical suggestions as to how effective cost cutting can be done without compromising on quality of service. The industry selected in this case will be the banking and finance industry. Conflict between costs and patient care – ethical issues As mentioned earlier, financial constraints due to various reasons (that will be discussed in this paper) will result between a conflict between cost cutting and patient care. The following sections will review the various aspects of management practices (with focus on cost cutting or reduction) and its ethical repercussions. The importance of management Management of resources, whether human, finance, raw materials, finished products or any other factors associated with human endeavor is essential for survival and success. This is true whether is the organization is formed for profit or not. In fact the concept of management is so important that many theories and practices have evolved over the years.