Document 1
Document 1
CTO CDO
CEO: The Chief Executive Officer is the top-level position in the organization and is responsible for overall
strategy, decision-making, and the management of the entire organization.
CTO: The Chief Technology Officer is the top level position in Technological department and this
department responsible for the development, maintenance, and operation of the app's technical systems and
infrastructure. They may also be responsible for managing the development department and ensuring that
the app is up-to-date with the latest technologies.
COO: The Chief Operating Officer is responsible for managing the day-to-day operations of the app, such
as scheduling appointments, managing patient records, and ensuring that the app is running smoothly. They
may also be responsible for ensuring compliance with regulations and standards.
CMO: The Chief Marketing Officer is responsible for promoting the app and increasing its visibility. They
may also be responsible for managing the marketing department, analyzing user data, and developing
marketing campaigns.
CFO: The Chief Financial Officer is the top most position of Financial Department and under it comes the
managing of the app's financial operations, such as budgeting, accounting, and financial planning. They may
also be responsible for developing revenue streams and identifying new opportunities.
CDO: The Chief Data Officer is the head of data collection department and is responsible for analysing
data collected from the app, such as usage statistics, user feedback, and health metrics. They may use this
data to improve the app's performance and make recommendations for future development.
CMedO: The Chief Medical Officer is responsible for providing medical advice and information to users.
They may review and approve health-related content for the app, and work with healthcare providers to
ensure that the app provides accurate and up-to-date information.
C. Revenue model:
Although the main purpose of our app is to providing easy access to health care facilities to society and not
to earn money and make profits but it is at the same time difficult to run a business without any capital. Thus
here are few revenue models:
In-app purchases: Users can purchase additional features or services within the app. For example, users
may be able to purchase additional storage for their health records, or pay for extra telemedicine
consultations.
Advertising: The app can display ads to users and earn revenue through impressions or clicks. This can
include targeted ads for health-related products or services.
Referral and affiliate programs: The app can earn revenue by referring users to other products or services.
For example, the app can refer users to a pharmacy or a lab testing service, and earn a commission for each
referral.
Telemedicine: The app can offer virtual consultations with healthcare professionals and charge for the
service. This can include video consultations with doctors or other healthcare providers, and can be a great
way to generate revenue for the app.
Sponsorship: The app can partner with pharmaceutical companies or other businesses to display their
products or services to users. For example, the app can display sponsored content from a pharmaceutical
company, or include a sponsored section in the app that promotes a specific product or service.
Billing and claims management: The app can help users submit claims and bill insurance providers,
earning a fee for the service. This can include helping users fill out forms, submit claims, and track the status
of their claims.
HARMONY OF OBJECTIVES
a) We will be transparent about organizations’ objectives & vision
with every level.
b) Communication Ask employees what their goals are, and create
actionable plans.
c) Since, every individual of the employee relates with the problem
that we are trying to solve, so it will be easier for us to achieve the
harmony of objectives. First, we will ensure that whether the
organizational objectives are met or not. At the same time, we will
help employees to achieve their goals by providing personal
development opportunities.
UNITY OF COMMAND
a) XYZ tries its best to eliminate hassles for its employees. There
would be proper channels for everything. Have a question about
your latest payslip? Mail an email alias and get your concern
addressed in 24 hours or less. Need to get some expenses
reimbursed? Go to an internal portal and fill out a form and
done. The employees don’t have to jump through the hoops to
get things done.
One of the most important feature of the app is the bed count in
hospitals around us. Many people suffered due to lack of beds in
pandemic times. It displays the number of beds in the app itself so that
the user can directly reach the hospital where there are beds without
wasting time. The first target for this feature would definitely be
government hospitals. The organisation makes number of groups to
discuss this idea with the governments of different cities that we are
going to operate in. The groups formed would contain important people
of the company and also great speakers. After convincing the respective
governments we get access to the database of the number of beds in
each hospital, the organisations next target would be the small clinics in
the city. We would assign some agents directed to convince the local
clinics. Since this process is being done after the government is
convinced, it would ease the process of convincing the local small
clinics. The last target would be private hospitals. Depending on the
range of the private hospitals we would make a group of important
people of the organisation to directed to convince the authorities of the
private hospitals. After this, as mentioned earlier there would be a
feature to store the data of the bed count in the app. So, we will direct
our technical staff to teach the staff of hospitals on uploading data in
real time. Real time monitoring is very important since things are very
uncertain. The organisation assigns a database team directed to monitor
the bed count in the hospitals.
Now once the app is designed and the authorities are satisfied, we start
promotions of the app through various ways. We hire a marketing team
to complete this task. The marketing team is directed to make creative
and thought-provoking advertisements, so that the app is eye-catching to
the people who watch the advertisements. This would lead the app to
reach large amount of people. After reaching a considerable amount of
people with the first advertisement, the marketing team is asked to pull
in a celebrity for the next advertisement which would double the impact
of the app on the viewers minds. According to the budget of the
organisation the marketing team is directed to approach certain
celebrities. We can also take help of those celebrities who have done a
lot of social work in the past, since the cause of our app is really
important. For example, in India we can approach someone like Sonu
Sood who gained fame for doing a whole lot of social work in the
pandemic times.
The company then assigns a team which is directed to collect data from
the doctors regarding various symptoms of various diseases. Since the
data is collected from expert doctors themselves, the trust on our app
increases. Also, we collect the data of the diet and nutrition that one has
to take before, during and after one has been diagnosed with a particular
disease.
CONTROLLING
The controlling function of management is an important aspect for ensuring the success of the company .
The purpose of controlling is to ensure that the app's performance is in line with the established goals and
objectives, and to take corrective action if necessary. This report will outline the key elements of
controlling including goal setting, performance measurement, and corrective actions and some other
aspects also.
1) Goal setting: It is the first step in the controlling process. Our app will establish clear and measurable
goals and objectives that align with the overall vision and mission of the company. These goals will be
specific, measurable, achievable, relevant, and time-bound. For example, a goal will be to increase the
number of daily active users by 20% within the next six months. We’ve set performance standards for the
app, including targets for user engagement and satisfaction, and bed availability information accuracy. By
setting clear and measurable goals, the app will be able to track its progress and make adjustments as
needed.
2) Performance measurement: We’ll regularly collect and analyse data on the app's performance, including
user engagement, bed availability information accuracy, and financial performance. Our app will establish a
system for measuring its performance against the established goals and objectives. This system will include
both quantitative and qualitative measures. Quantitative measures such as user engagement, revenue, and
customer satisfaction will be tracked using analytical tools. Qualitative measures such as user feedback and
customer testimonials will be gathered through surveys, focus groups, and interviews.
3) Corrective action: Our app will establish a system for taking corrective action if performance falls short
of the established goals and objectives. This system will include a process for identifying the root cause of
the problem, developing a plan of action, and implementing the plan. Based on the performance data.
We’ll identify any issues that arises and work with the project team to develop and implement solutions to
address them. The app will also establish a system for monitoring the progress of the corrective action to
ensure that the problem is resolved and that performance is back on track.
4) Communicating with stakeholders: We’ll regularly communicate with stakeholders, including
government authorities, healthcare providers, and investors, to provide updates on the app's performance
and address any concerns they may have.
5) Implementing quality control: We’ll develops and implements quality control processes to ensure that
the app met the performance standards set, and that the data provided by the app is accurate and up to
date.
6) Compliance: We’ll ensure that the app was in compliance with all relevant laws and regulations
regarding medical data privacy.
7) Risk Management: We identified potential risks that could impact the app's performance and worked
with the project team to develop and implement risk management strategies.
8) Continual improvement: The app's performance will be evaluated regularly and will identifying areas for
improvement. Then, We’ll implement changes and updates to the app to improve its performance.
By implementing this system for controlling, Our service will increase its chances of success in a highly
competitive market.
The financial section of every company is one of the crucial sections, it comes
under controlling section.
phase 1
timely and accurate accounting
Phase 2
1.At the end of each month, compare the actual budget to the anticipated budget.
Then make a graph of the actual report with the planned report and note the
deviation.
2. The account will be reviewed with accrual and cash at the end of each month.
Phase 3
After reviewing all deviations from actual data, we will shortoutour weakness and
strengths in our financial report.
phase 4
This is the final phase where we will implement the strategy according to our
departure from the previous objective.
Moving forward with strategic finance.