Financial perspective

These indications lead to detailed investigations of the processes, e.g., from a financial perspective this might be revenue, contribution margin and earnings before interests, taxes, depreciation and amortization (EBITDA) of certain product groups and customers, cost analysis for specific processes, overall equipment efficiency or research and development costs. 

In determining the risk from a financial perspective, a company should add the financial factors they determine important and arrive at a total loss the company is willing to accept. This becomes the criteria used in the risk assessment for financial impact. 

The generation of electricity at dedicated tire-to-energy facilities appears to be very promising from both an air pollution and a financial perspective. 

Rathmann, G.B. (1993). Knocking on opportunity s window. Bio/Technology 11, S27 S32. (A retrospective review of the birth and growth of the biotech industry from a financial perspective.)... 

FIGURE 26.4 Financial perspective in formulary decision-making. Comparison of tw o treatment options 2-day cure at 400 per day versus 10-day cure at 100 per day, with an anticipated hospital stay of 3 days. 

In Canada, a two-year study done by a multivendor team of healthcare professionals for the province of Alberta similarly characterized the current Canadian healthcare system to be provider-centric as opposed to patientcentric and to depend on episodic and illness-oriented (as opposed to wellness-oriented) fragmented services provided by the individual provider in a facility with very little coordination. As in the United States, the outcomes are consequently measured from the financial perspective rather than the clinical efficacy perspective. In Canada the multivendor team of healthcare professionals recommended that the healthcare system make the transition to a patient-centric, outcome-driven, and wellness-oriented system that provides integrated continuum of services with close coordination among the providers and institutions. 

The utilization of prepackaged diazepam for intramuscular use is a poor parenteral therapeutic delivery technique for this anticonvulsant. The diazepam is dissolved in propylene glycol and is poorly and erratically absorbed following intramuscular use. Although the intramuscular route is considered to be the least effective route for seizure control, lorazepam can be used intramuscularly and could be preferred to diazepam for EMS and Hazmat use. Lorazepam, however, has several disadvantages. From a financial perspective it is more expensive than diazepam. Lorazepam is not stable at high temperatures and therefore cannot be as easily stored as diazepam. Finally, without preloaded syringes or... 

The Balanced Scorecard (BSC) was originally proposed to improve a company s performance measurement. Traditionally, the measurement had been focused only on financial measures. The target of the BSC is to expand the measurement information by adding non-financial, long-term and immaterial factors into the measurement system. Originally the BSC consisted of four measurement perspectives financial perspective, external relations such as customers or partners, internal processes, and learning and growth. (Andersen, Cobbold Lawrie 2001). 

Financial perspective Supply chain changes can improve balance sheets and cash flow Profits can increase from providing targeted premium services... 

Financial perspective the traditional viewpoint, including owner value. 

Flexibility of service system to meet particular customer needs Financial perspective (Importance mnk 3)... 

With a budget of over 50 billion, FP7 ran from 2007 to 2013, in line with the financial perspectives of the EU. Thus, FP7 was the largest publicly funded research programme in the world both in terms of budget and time covered [48]. 

The decision to align FP7 to financial perspectives resulted in extending the time frame to 7 years, and this gave the EC the possibility of gaining more experience of the ongoing FP and to have time for the evaluation and proper assessment of results, before starting the preparation of the next FP. 

Finally, in the well publicized Balanced Scorecard the role of financial perspective, as one of the four perspectives, has been accepted by operations mangers since financial measures are valuable in summarizing the readily measurable economic consequences of actions already taken (Kaplan and Norton, 1996). 

Time has become a key success measure in business, often even more so than many of the other measures of performance. For example, in marketing, time to market is a measure of how quickly a new product becomes available to the customer and will often determine the success or failure of the product. Time to market is one of many cycle time measures that we use in management. Cycle time is the measure of a business cycle, from the start of the cycle to its conclusions. The term is used to refer to activities in production, like the total time required to produce a product or the production cycle time. It is also used in the front office to determine the total time required to process an order, which is the order processing cycle time. From a financial perspective we find terms like cash-to-cash cycle time where we determine the amount of time a company takes to recover its financial investment. From a management perspective, cycle time is used to evaluate performance in all aspects of a business. 

In practice, Kaplan and Norton propose that the balanced scorecard should balance the financial perspective (goals for future performance and measures of past performance) with similar goals and measures for the underlying drivers of longterm profitability. These drivers are identified as the business process perspective, the innovation and learning perspective and the customer perspective. 

Financial benefits Higher profit margins improve cash flow Crow revenue Higher return on assets Financial perspective... 

Mr. Akin believes his team has carefully thought through the issues, gathering the relevant information and providing a financial perspective. The analysis provided the information Mrs. Turner was looking for so that she could make an informed decision. 

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