Bank finance articles and tips

How Does Change Happen?

This is the final column examining 'CHANGE' as it affects organizational culture. "Change, What Is It Exactly?" provided definitions of the fundamental concepts of change management and identified the parameters affecting organizational culture change.

"Change, Why Is It So Hard?" discussed the drivers of change in Lebanese organizations, looked at the causes of resistance to change, presented key aspects of change based on Hassard and Sharifi's review of change management literature and defined a framework for managing organizational culture change....

One of the most frustrating aspects of owning a medical staffing business is that healthcare providers oftentimes insist on extending payments beyond 45 days. In fact, it's not uncommon for a large medical facility to cut checks 60 days or later after services have been rendered. Naturally, a consistent history of 'staff now and get paid later' can wreak havoc for any new or growing staffing company. In effect, it causes the agency to be invoice rich and cash poor, which means that a healthcare staffing agency has a lot of outstanding receivables and little cash in the bank to show for it.