The Role of Leaders in Developing a Culture of Quality Essay

The Role of Leaders in Developing a Culture of Quality - Essay Example ity, outlines the stakeholders involved in the process of inculcating the culture, the difference between the role of a manager and a leader in applying the culture of change and how the leaders can assess if they have been successful. Leaders play diverse roles in establishing the culture of quality in health care institutions. First, they take an active role as the main communicators to all levels within an institution. This means that leaders reach out to customers and members of staff and other stakeholders (Swayne et al., 2012). Furthermore, they facilitate communication of information pertaining to the culture of quality. Leaders develop the communication methods fit for the various audiences (Kelly, 2011). Additionally, they are required to listen attentively to the employees and address their concerns in relation to the process of implementing the culture of quality. Secondly, leaders act as strategic thinkers in managing the culture of change within health care institutions. This is owing to the fact that they are the ones with the best understanding of how the organization functions. They are central in ensuring the organization responds to the internal and external changes aimed at improving on quality (Kelly, 2011). Leaders should be well aware of the strengths and weaknesses within health care institutions, and therefore, implement the culture of change in the areas of need. Leaders formulate the objectives of a health care institution that need to be aligned them toward achieving the culture of quality. Thirdly, leaders play the imperative role of decision making in health care institutions while implementing the desired culture. It is necessary to note that leaders are faced with various alternatives and are required to come up with the best option that improves quality within a health care organization (Kongstvedt, 2012). Leaders take into account the influence their decisions have on employees, patients and other stakeholders. Finally, they

Does Mortgage backed securities reduce bank risks, Evidence from Essay

Does Mortgage backed securities reduce bank risks, Evidence from European Market - Essay Example Using these variables, a total of 55 transactions are recorded with 36 being synthetic and the rest true-sale transactions. For clarity reason, all transactions that do not have any of the originators whose data are presented in this report are excluded: this is important because it would be difficult to determine the level of risk transfer involved in these transactions. Some relevant data for this report are obtained from Securitisation Data Report of the European Securitisation Forum covering the four quarters from 2005 to 2009. This provides a wealth of references among some European Countries including the major Euro Block financial markets like the United Kingdom, Germany, France and the Italy. The comparative prices of MBS in some of these countries are also presented in the report. It will be helpful to, first of all, provide brief descriptions of the European banks covered by this report before elaborating on the analysis of the strategic risks these originators are involved in during MBS-transactions. My sample period is from 2005 to 2009; their transaction information is obtained from the reports produced by the rating agencies as well as intra-bank transactional updates. The European banks whose transactions are presented in this report are moderately large in size with total assets averaging 102 bn Euro, while the standard deviation stands considerably at 78 within a significant range differential from 0.236 to 1.262. Of special interest is their average operating income (profit) which is 615 m Euro, with a standard deviation of 1178 showing an impressive range from a negative value (-2.2.46 to huge positive value (17, 542). Although it is possible that some of the originators investigated in this report may have reported some losses during the entire sample periods; however, the emphasis here is that appreciable amount of profits are recorded during the MBS-transactions detailed here. Based on the average value, these