Business Integra Management Report

Management Report

Introduction

Business Integra is an award-winning global business company known to provide solutions to business problems surrounding engineering, science, cyber security, and information technology. The mission of business Integra is to provide reliable support services to the military, federal government agencies, and the civilian. The services provided by the business Integra includes efficient and ethical techniques that seek to reduce costs, risks, advance human progress, and secure data. The company identifies a client and the problem that requires a solution; they offer their support services through prompt and thorough assessments to identify the organization\\\'s needs, sector, or the company in pursuit of their services (Beam, 2021). Most of the problems that business Integra solves revolve around the organization\\\'s task force framework: the management and the employees and the organization\\\'s liabilities. This article seeks to explore the role of business Integra in assessing the company\\\'s risks, such as the inadequate insurance fund to the employees, and strategizing to find a solution to the risks and the impacts of the solutions to the organization\\\'s productivity.

Problem identification

Every organization has a problem that directly or indirectly affects its operations; the organizations must also strive to satisfy their requirements as per their missions and visions. Business Integra performs a risk assessment to identify the organization\\\'s needs that require adjustment to ensure the goals of an organization are met and that their services and operations are smoothly running without any form of interruption that will see them incur losses and lose their brand (Mack, 2017). The initial role in problem identification is to audit to identify the factors that may hinder the company or the organizations from solving their problems. While identifying the problem, auditing attempts to understand how the organization\\\'s growth will likely impact its task force and job line. Most workforce does not succeed in the work environment because the atmosphere in which they work does not support their requirements.

For instance, most companies that receive cyber security from the business Integra will not have their data secured if their task force can not complete their respective jobs. Therefore, the business integra identifies the problem and devices an appropriate approach to modify the environment to motivate the workers to exploit their potentials for greater success (Rouda & Kusy, 2001). Most of the problems the health care insurance company faces are attributed to poor management and bad working habits; business Integra strives to improve leadership within the organization to increase work efficiency and overall output. Effecting change could be a challenge to most companies, business Integra fosters an ample data exchange that helps to promote communication in real-time that sees the changes implemented, the SWOT analysis helps the business Integra to identify the strengths and the weaknesses of the company to critically understand the problems the company faces (Beam, 2021).

There have been many changes within the nursing practice in the hospitals; for instance, the change is attributed to geopolitical, technological, and economic issues surrounding the health care system. The health care insurance has thus been trying to coordinate to protect the nurses in their line of duty. However, challenges have been experienced with nurses adopting new strategies in operation, making the organization adopt factual measures in the management and the utilization of the resources (McDonald & Then, 2021). Most errors that result within the health profession result from the work overload on the working staff and the hospital facilities, sometimes lack of facilities and equipment drive the health care professionals into using other techniques to help patients, this results in a conflict of value and breaching ethics and codes of conducts governing the scope of practice. Therefore, the business Integra comes in to assess the nurses in their day-to-day practice and interaction with their patients to identify problems that require attention within their practice line. Self-reporting among the health care practitioners, identifying the factors and the potholes that could impede the health care system from progressing and providing quality health care services, are investigated by the business Integra.

Every organization sometimes experiences a lack of trust between the workers; this can negatively impact the organization if not salvaged. The managers must be able to handle the team and play their required leadership roles. The managers need to identify issues and solve them when they arise. Business Integra could help identify the problem with the management team, such as the lack of trust between the managers and the rest of the workers. Whenever trust issues, the work efficiency drops, and the overall productivity is significantly affected (Young & Daniel, 2003). Whenever there is a lack of trust between the leaders and the team members, most of the project work will not be completed, and the outcome will be hindered. Lack of trust in every organization usually begins from the top most offices or the management; addressing such issues must begin from the top most offices.

Assessment of the organization\\\'s risks

Identifying an organization\\\'s needs and risk factors to production, especially if the management team is not up to the task. Whenever risks occur in any company, the worst-case scenario may incur losses, time wasted, and unplanned costs. Therefore, it is important to identify what the organization needs to manage the risks likely to be experienced. Business Integra, for instance, has failed to provide a good health insurance cover to its employee; this warrants the risk assessment to the company to identify the risks and what the company needs (Buc??a, 2017). The requirements to reduce the risks could include appropriate funding of the insurance program to provide coverage to employees as required. Every employee has the right to health insurance cover. Performing a risk-reward assessment would be critical in addressing the risk of inadequate employee health insurance funding.

The first step requires the recognition of the possible risks that would occur following the implementation of the insurance policy; the company will be compelled to increase the expenditure on the available health insurance programs. Following the implementation of the employee health insurance cover policy, the company is likely to incur extra or additional expenditure. The company must put all the resources together to minimize the working conditions likely to subject the employees to the health risks initiating the need for insurance cover (Young et al., 2008). This will facilitate the division of tasks among the departments to reduce overworking the staff to fatigue levels. There must be proper coordination between departments such as finance and information technology to ensure that the health insurance policies are implemented.

Handling threats within an organization comes with consequences that must be taken care of to prevent more damage, especially in the finance department. The company must form approaches that will minimize over expenditure to deal with the threats such as the health insurance coverage policy to their employees. Proper analysis is thus important to exploit the cheaper options that will help minimize unnecessary expenditure (Goes et al., 2021). The final step is accepting the risk and making plans or appropriate strategies to eliminate the risk from the company. While eliminating the risk, the company strives to reduce the consumption of resources as this will run the company into bad debts, depletion, and an overall drawback to the company\\\'s operations.

Impacts of the solutions towards the management

Conclusive analysis of the Integral business\\\'s employees identified that the company has failed to provide appropriate health insurance cover to its employees. Finding a solution to this management crisis involved postulating different strategies that involved drafting and implementing the health insurance coverage policies. Of the solutions, the most significant step was to provide adequate funding to cover the employee\\\'s health insurance requirements; this was strengthened by the plan to implement an insurance policy that would require that every employee sign up for the health insurance coverage (Carle, 2011). There would be adequate education on the employees to ensure that they understand the benefits of the policy. After identifying the proper solutions to the problems, it is essential to assess the impacts the resolutions would have on the company; this includes both short-term and long-term impacts of the solutions on its finance and management.

Effecting solutions to the problems in every company requires that many changes have to take place within the organizations that range from how the organization is run and the management. The company is likely to incur extra costs or expenditures on the implementation of new policies. For instance, the policy to increase the funding of the employee\\\'s health insurance cover by the Integra business will require plunging of extra capital to take care of the preexisting insurance cover policy (Wutzke et al., 2017). The company also requires resources of diverse nature to implement new changes; these would include human resources, material resources, and a skilled task force. When the long-term effects of the solutions override the short-term effects, the organization is more likely to incur more losses if the impacts are mostly negative rather than positive impacts.

Whenever the employees of a given company are satisfied by the services provided by the company, which include remuneration, workers\\\' motivation services such as grants and promotion, they strive to keep the company\\\'s reputation and image through the production of quality goods and services. As a result, the company benefits positively by maintaining an excellent image in the industry. A good reputation or image is important because it attracts many customers and increases its profit and output. The health insurance policy to have the employees covered looks very interesting. Most of the employees would sign for it; this will directly translate into the employee\\\'s satisfaction leading to a positive impact on the company\\\'s production (Allee, 2008). Other stakeholders in the company will also be stratified in the long run. Educating the employees on the terms and importance of the insurance policy will lead to the company incurring extra costs. Moreover, an additional insurance contract to the preexisting one will lead to the company incurring extra costs, which may lead to a huge liability if not accounted for.

Reassessment and adjustment

Health insurance has been a stumbling block to most organizations in the past few years. The emergence of the COVID-19 pandemic has further worsened the burden of health insurance, especially to the medical professional fraternity, who are at the forefront in containing the pandemic. The cost of health care has gone higher, imposing extra expenditure on most customers and society (Beam, 2021). The current projection indicates that the cost of obtaining reputable health care will rise by 20% of the GDP by 2030; many people have spent huge sums of money during the pandemic on health care. This reflects that the company must draft and implement well-funded insurance plans for their employees to protect them during health crises like the current COVID-19 pandemic. Without human resources, no organization or company can thrive; the task force, therefore, plays a significant role in the running and management of the company.

The central adjustment required by this company about the problem identified in this company of study will involve educating the staff and the employees on evaluating the available insurance programs and policies. The management must ensure that all the employees are up to date on the health insurance policies. Adopting a good insurance plan for the employees stands to benefit both the company and the individuals. Having a health task force will lead to increased production within the company by excluding cases of absenteeism, slowed work, and reduced productivity. Healthy employees can also run their daily activities efficiently and maintain their source of livelihood (Wutzke et al., 2017). Having a healthy task force also helps the company minimize the extra expenditure in treating the employees who fall ill while within the company\\\'s vicinity or work environment.