BUS 101: Leadership During Financial Crisis - Fuld & Chenault

This presentation analyzes the leadership styles of Richard Fuld of Lehman Brothers and Kenneth Chenault of American Express during periods of financial crisis. It provides a brief history of both Lehman Brothers, highlighting its involvement in investment banking and its eventual downfall, and American Express. The presentation compares the leadership approaches of Fuld and Chenault, offering insights into how different leadership styles can impact an organization's survival during challenging economic times. The presentation concludes by providing advice based on the comparison of these leadership styles.

The motive of profit in
healthcare
-PRESENTED BY:

Healthcare System:
Healthcare system can be defined as an
organization that is majorly concerned with the
function of delivering care facilities to people in
need. The system is typically managed by
ample manpower, specific institutions and
resources to meet the need of the patients in
need (Morgan et al., 2016).

Rising cost of healthcare
Research studies reveal that in the year 2010,
U.S citizens had spent almost $2.6 trillion to
cover costs related to healthcare (Birn &
Hellander, 2016)
The major reasons that can be attributed to the
surge pricing of healthcare facilities can be
enlisted as follows (Montagu & Goodman, 2016):
Advancement of technology
Malpractice
Profit driven care delivery
Inefficiency
(Source: Birn & Hellander, 2016)

Global estimate of healthcare
As estimated by the end of the year 2015,
health care costs was reported to be
equivalent to $ 7 million (Stoddart & Evans,
2017).
Healthcare estimate to rise up to $8.7 trillion
by the end of the year 2020 (Stoddart & Evans,
2017).
(Source: Stoddart & Evans,2017)

Ethical issues involved in
healthcare delivery:
The philosophy of healthcare states that care
should be accessible to every individual
irrespective of their social or economic
background.
The surge pricing of treatment facilities must
ideally take into consideration the
underprivileged segment of the population
base that lacks awareness about healthcare
Overall the prime factor of patient wellbeing
is overlooked and compromised and is merely
restricted to an economic transaction

Profit and healthcare:
Studies suggest that Private clinics fail at
providing effective care to patients who are
seriously affected with a physical health
condition (Morgan et al., 2016)
Further, private clinics refer back patients with
long-term illness to the public system for the
sole purpose of profit
Private clinics strategically stay away from
imparting care to indigenous communities and
rural communities or marginalised population
where there is no scope of profit

Disparity in access to
healthcare:
Profit seeking private healthcare
organizations present a huge disparity
with regard to access to healthcare
facilities
Profit based private healthcare
organizations charge more to taxpayers
In case of minors or uninsured
individuals, cost related to healthcare
is overwhelming that limits access to
healthcare (Kruk et al., 2017)

Health Reforms:
The motive of profit behind healthcare coverage has mercilessly distorted the perspective of
care delivery
As an essential right to care, should not the profit motive be overlooked and coverage be
assured to every individual irrespective of their social and financial background?

References:
Birn, A. E., & Hellander, I. (2016). Market-driven health care mess: the United States. Cadernos de saude
publica, 32, e00014816.
Kruk, M. E., Kelley, E., Syed, S. B., Tarp, F., Addison, T., & Akachi, Y. (2017). Measuring quality of health-
care services: what is known and where are the gaps?. Bulletin of the World Health Organization, 95(6),
389.
Montagu, D., & Goodman, C. (2016). Prohibit, constrain, encourage, or purchase: how should we engage
with the private health-care sector?. The Lancet, 388(10044), 613-621.
Morgan, R., Ensor, T., & Waters, H. (2016). Performance of private sector health care: implications for
universal health coverage. The Lancet, 388(10044), 606-612.
Stoddart, G. L., & Evans, R. G. (2017). Producing health, consuming health care. In Why are some people
healthy and others not? (pp. 27-64). Routledge.

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