Literature Search on the effects of Overtime on Nursing staff

Literature Search on the effects of Overtime on Nursing staff PICO Question Numerous research studies have been completed in the last ten years linking higher nurse patient ratios to improved patient outcomes. A consequence of mandating nurse staffing levels is the use of mandatory and voluntary overtime which can lead to increased fatigue and adverse events. The use of overtime is not a solution to maintaining adequate nurse staffing levels and can have detrimental, unwanted consequences. The potential risk to nurses and patients must be explored through quality research. In an attempt to meet staffing ratios many organizations rely on the use of mandatory and voluntary overtime which leads to fatigue and adverse outcomes. P: Overtime I: Limit hours worked by RNs to 12 per 24 hours C: No limit on hours worked O: Decreased fatigue and adverse outcomes Search Strategies with Medline, CINAHL and Google Scholar Medline Using the Medline database the key words RN staffing and hour worked were entered. This resulted in 21,214 articles. To narrow this search the following limits were applied: publication years 2004-2009, English language, patient safety and medical errors. This resulted in 407 articles. To narrow to a manageable number of relevant articles the subheading of staffing: supply and distribution, and personnel staffing and scheduling were added to the previous search terms resulting in 26 current articles. A systematic review was completed using the terms RN staffing, overtime and patent safety, which provided similar results and articles. Final articles chosen were: International Experts Perspectives on the State of the Nurse Staffing and Patient Outcomes Literature by Van den Heede, et al published in the January 2007 issue of Journal of Nursing Scholarship and Correlates of medication error in hospitals by Wilkins and Shields published in the June 2008 issue of Health Reports. CINAHL Keywords entered into the CINAHL database included mandatory overtime in nursing and patient safety which resulted in 1,597 articles. By setting the parameters to articles published between 2004 and 2009 in the English language and adding the subheading of personnel staffing and scheduling and adverse outcomes a total of 31 articles were provided. Adding the subheading of quality of nursing care along with the keywords systematic review resulted in 17 final articles. The two articles chosen were: Nurse Staffing and Healthcare Outcomes: A systematic review of the International Research Evidence by Lankshear, Sheldon and Maynard published in the 2005 issue of Advances in Nursing Science and Factors Influencing the use of Registered Nurse Overtime in Hospitals, 1995-200 published by Berney, Needleman and Kovner in the second quarter 2005 issue of Journal of Nursing Scholarship. Google Scholar Keywords nurse staffing, medical errors, patient outcomes and hours worked were entered into the Google Scholar database. This search resulted in 1782 articles. Adding the parameters of articles published between 2004 and 2009 and medical, pharmacological and veterinary only yielded 442 articles. The addition of the terms mandatory overtime to the above selections resulted in 180 articles. Other variations of search terms did not yield less than 180 relevant articles. Many of these 180 articles were also found in the final Medline and CINAHL searches. The two chosen from this search included: The working hours of hospital staff nurses and patient safety published by Rogers et al in the July / August 2004 edition of Health Watch. The second article Scott et. al Effects of critical care nurses work hours on vigilance and patients safety published in the January 2006 issue of American Journal of Critical Care. Analysis of Articles from each Database Medline Analysis International Experts Perspectives on the State of the Nurse Staffing and Patient Outcomes Literature by Van den Heede et al., published in the fourth quarter 2007 issue of Journal of Nursing Scholarship is an article written to assess the variables used in research on nurse staffing and patient outcomes from the perspective of an international panel. A Delphi survey (November 2005-February 2006) of a selected expert panel from 10 countries consisting of 24 researchers specializing in nurse staffing and quality of care and 8 nurse administrators were sent a review of evidence related to 30 patient outcomes, 14 nurse staffing and 31 background variables and asked to rate the importance or usefulness of each variable for research on nurse staffing and patient outcomes. In subsequent rounds the group median, mode, frequencies, and earlier responses were sent to each respondent. The conclusions of this study provided a picture of the science on nurse staffing and patient outcomes researc h as of 2006. The findings showed a connection between human resource issues and healthcare quality based on empirical findings and opinion. While the article did focus on quality of care and nurse patient ratios, it did not provide relevant information regarding the effects of extended work hours on patient care outcomes. Correlates of medication error in hospitals by Wilkins and Shields published in the June 2008 issue of Health Reports examined associations between medication error and selected factors in the workplace of hospital employed registered nurses in Canada. Data was derived from the 2005 National Survey of the Work and Health of Nurses in Canada who deliver direct care to hospital patients. Correlates of medication error were considered in bivariate and multivariate analyses. Multiple logistic regression modeling was used to examine medication error in relation to work organization and workplace environment, while controlling for personal factors, including nurses general and mental health, job satisfaction, education years of experience, and clinical area of employment. The results of this study showed that nearly one-fifth of nurses reported medication error involving patients had occurred occasionally or frequently in the past year. In the fully adjusted multivariate model, medication error was positively associated with working overtime, role overload, perceived staffing or resource inadequacy. Working a 12 hour shift, compared with shorter shifts was negatively associated with medication errors. This article provided relevant information pertaining to the initial PICO question of hours worked and adverse outcomes. CINAHL Analysis The 2005 issue of Advances in Nursing Science contained the article Nurse staffing and healthcare outcomes: A systematic review of international research evidence by Lankshear et. al. The authors performed a systematic review of the literature and policy analysis and conducted interviews with key researchers in the filed in both the Untied States and the United Kingdom. The goal was to retrieve research on nurse staffing and healthcare outcomes published since 1990. A combination of electronic databases, internet and organizational web sites, and contacted researchers were queried. For each relevant study data were extracted systematically using a predesigned table to describe the type and feature of the workforce, the setting, the outcomes, the methods used, the results found, the quality of the studies and the limitations. A formal meta-analysis of the results was not able to be conducted due to the studies reporting different outcomes and use of different measure of staffing and w ays of summarizing the association between staffing and outcome. Instead, a qualitative synthesis to explore patterns in the data and possible explanations for inconsistencies such as study design, analysis, context and setting was used. The systematic review found that many of the studies were of poor quality, using data from only one unit or hospital or failing to control for case mix variations. Overall, there was found to be accumulating evidence of a relationship between nurse staffing, especially higher skill mix, and patient outcomes. However, the estimates of the nurse staffing effects are likely to be unreliable. There is emerging evidence of a curvilinear relationship that suggests that the cost effectiveness of using registered nurse levels as a quality improvement tool will gradually become less cost effective. This article addressed staffing issues and quality of care but focused little on the issue of increased work hours of nurses and patient care outcomes. Factors Influencing the Use of Registered Nurse Overtime in Hospital, 1995-2000 by Berney et al published in the second quarter 2005 issue of Journal of Nursing Scholarship, aimed to assess nurse overtime in acute care general hospitals and the factors that influenced overtime among various hospitals. Staffing data from 1995-2000 from 193 acute general hospitals in New York State were used to examine hospital characteristics to determine whether they were associated with nurse overtime. The study concluded that hospitals varied dramatically in their overtime use. Some categories, for example Government owned, used little overtime indicating that management can find substitutes for overtime to meet fluctuating staffing needs. Unionized hospitals worked slightly more overtime than did nurses in nonunionized hospitals. The finding that hospitals with similar characteristics varied greatly in their number of overtime hours also supported this conclusion. Statistical analysis was complete d with bivariate associations between nurse overtime and each hospital characteristic and independent nursing variables. The article provided valuable information on the various uses of overtime by hospitals, but did not specifically address the correlation between hours worked and adverse events. Google Scholar The July 2004 issue of Health Watch contained an article by Rogers et al, The working hours of hospital staff nurses and patient safety. A letter explaining the study and eligibility criteria was mailed to a random nationwide sample of 4,320 members of the American Nurses Association during the winter of 2002. 1.725 nurses expressed interest by returning the completed demographic questionnaire. The final sample consisted of 393 registered nurses working full time as unit based hospital staff nurses. Logbooks were completed by these participants who revealed they usually worked longer than originally schedule and that 40% of 5,317 work shifts logged exceeded 12 hours. The risk of making an error were increased when shifts were longer than 12 hours, nurses worked overtime, or when they worked more than 40 hours per week. The data from demographic questionnaires and logbooks were then summarized using descriptive statistics and frequency tables. The long and unpredictable hours document ed suggest a link between poor working conditions and treats to patient safety. This article provided relevant information pertaining to the initial PICO question. Scott et. al published Effects of Critical Care nurses work hours on vigilance and patients safety in the January 2006 issue of American Journal of Critical Care. The objectives were to describe the work patterns of critical care nurses, determine if an association existed between the occurrence of errors and the hours worked, and explore whether these work hours have adverse effects on the nurses vigilance. Data were obtained from a random sample of critical care nurses in the Untied States. Nurses eligible for the study were mailed two 14 day logbooks to fill out. Information collected included the hours worked, the time of day worked, overtime hours, days off and sleep wake patterns. On days worked, the respondents completed all work related questions and questions about difficulties in remained awake while on duty. The 502 respondents consistently worked longer than scheduled and for extended periods. Longer work duration increased the risk of errors and near errors and decreased nurses vigilance. The findings support the Institute of Medicine recommendations to minimize the use of 12 hours shifts and limit work hours to no more than 12 consecutive hours during a 24 hour period. This article contained information pertinent to the original PICO question. Article best addressing PICO Question Effects of Critical Care Nurses Work Hours on Vigilance and Patients Safety (Scott et. al., 2006) and Correlates of Medication Errors in Hospitals (Wilkins Shields, 2008) were found to be two articles that provided quality information regarding nursing hours worked and adverse patient outcomes. While the use of subjective measure of drowsiness, self report of errors and the relatively small sample of nurses used in the studies may limit the generalize-ability of the findings, the anonymity provided lends to more truthful responses. The methods allowed the nurses to disclose information that might have been unattainable if the use of standard categories for error reporting had been used. Although 12 hour shifts are popular among nurses, the findings in this study are congruent with previous reports that recommend minimizing the use of 12 hour shifts or at least limiting nurses work hours to more than 12 consecutive hours during a 24 hour period. Experience and extensive research in o ther industries has shown that accident rates increase when workers work 12 hours or longer. However, research pertaining to nurses has been relatively recent and data on accidents in healthcare facilities are not widely available. Conclusion Each database provided relevant articles containing research on the issue of the number hours worked by nurses and the effect of hours worked on patient care outcomes. Keywords nursing hours worked and patient outcomes delivered a large number of results. The methods to narrow results by placing additional parameters can be used across all databases. While there are minute differences among databases, basic search skills are universal by utilizing keywords developed in the PICO question. The final articles chosen provided data on the effects of hours worked by nurses and the potential effect on patient outcomes. While the articles addressed the limitations of the studies, the methods, data analysis and results were presented in a logical, reproducible format. The issue of the effects of long work hours has been studied extensively in other industries, such as air traffic controllers, leading to changes in work environment. Further research needs to be completed in the area of nursing regarding the effects of the long hours. These articles provide a solid basis for other researchers to build upon. The use of nursing informatics can provide databases with universal quality measures to provide more consistent, reliable data across healthcare facilities.

Car Bumper Design – materials and specifications

Bumpers are safety features fixed to the front and back of vehicles. They are design to take a certain amount of impact from a collision by acting as dampers. To improve efficiency and performance modern bumpers are design to be aerodynamic and cheap. By developing wind channels in the bumper air can be used to provide more grip and stability for a safer drive. Modern bumpers are also design to be interchangeable after impacts for low cost repair. Car manufactures tend to design their bumpers from thermoplastics as it is cheaply made and adsorbs impacts more effectively. To design an efficient bumper all possible environmental and unforeseen circumstances most be taken into account. Material specification Since metal components were more used in the design of larger vehicles a polymer based material was selected. This allowed for cheaper and easier manufacture components. To select the appropriate polymer for the bumper the fallowing applications had to be look at to obtain an overall purpose of the bumper. * Vehicle car crash Frontal-impact tests To protect pedestrians from low speed frontal-impacts standard test are performed on the front of cars. Bumpers are subject to impacting a dummy at knee height. If there isn't enough impact absorption in the bumper resulting in a broken leg test failure will occur. To combat this application material's with high absorption and tensile strength is look at first. [1] * Environmental factor Environmental factor involves a range of different topics for this project the main ones will be focus on o Recycling or disposal of the material safely and cheaply. A polymer that is commonly recyclable with low disposal costs. o Protection of the material for weather conditions. Nearly all plastic experience UV degrading from the sun or micro fractures occurring from frost over time. Finding the highest resilient polymer and adding additives should solve this problem for a suitable polymer. * Manufacturing Process During the manufacturing process the polymer will have to undergo heat treatment, compression and shearing processes. Preferably a polymer with a high melt flow index and a low melting temperature. This would allow for cheaper heating cost and quicker cycle times. Mechanical Properties To obtain the required specification of the polymer required the fallowing standard tests are performed. Property ASTM * Melt flow index D1238 * Tensile strength D638 * Tensile modulus D638 * Flexural strength D790 * Flexural Modulus D790 * Notched Izod impact test D256 Material Selection After researching different polymers and comparing mechanical properties it was found that Polypropylene polymer was mainly used in manufacturing of bumpers. PP (Polypropylene) Polypropylene is highly common material in manufacturing from furniture to carpets. The reason for its popularity is its low cost, making it suitable for the production of bumpers. Manufacturing methods: PP is suitable for extrusion, injection moulding and vacuum forming. It has a high melt flow index which allows for quicker flow through the mould. This optimises time between granulated polymer entering and leaving as a component. Its low melting point allows for cheaper heating costs. Mechanical properties: The mechanical properties for PP show high impact resistance even in low temperatures. The material is stiff, and the properties are kept over a wide temperature range. These properties allow for the polymer to experience enough flexibility to absorb small impacts while returning to its original shape. Average Melt flow index 26.8 g/10min Tensile strength 33.0 MPa Flexural strength 49.0 MPa Notched Izod impact test 2.00 kJ/mà ¯Ã‚ ¿Ã‚ ½ Melting point 159 à ¯Ã‚ ¿Ã‚ ½C Table 1 Environmental factor PP experience small amount of UV degradation but this is relatively small compared to other polymer to solve this additives are added. Though this adds further costs the benefits of the other properties compensates for loses. [3] PP is considered a type 5 plastic for recycling. It is commonly recycled fulfilling the environmental factor. Disadvantages When coating and painting the finished component it is found that polypropylene is hard to work with. Colours and dies have to be added at the right time and temperature for quality assured product. Alternative ABS (Acrylonitrile butadiene styrene) exhibits a lot of PP properties. But due to high UV degradation additives are added increasing costs. Process selection Manufacturing of polymer components involve a verity of different ways. Through research injection-compression moulding was the most commonly used form of manufacturing a bumper. Injection-compression moulding Fig [1] 1. Support wall for injection and apposing compression clamp of mould 2. Mould with coolant attached 3. Main clamping forcing that applies pressure on the mould to counter react the force of injection 4. Second clamping forcing applied after injection mould process is complete. This further compresses the polymer in the mould. Due to a larger surface area more pressure is exerted completely filling the mould. 5. Secondary hydraulic ram 6. Locking levers 7. Tie Bar for supporting movement of clamp 8. Lock of point 9. Primary Hydraulic ram 10. Back support wall Injection Moulding Injection moulding involves the feeding in of granulated ABS into the feed hopper. As it is funnelled down the polymer enters the cork screw were it is slowly force up the shaft. During this process the polymer is slowly heat by the heaters surrounding the shaft. At the end the polymer is heated enough to melting temperature allowing for flow to occur. By the cork screw constantly compressing the polymer all air bubbles are force out resulting in a uniform flow of polymer been extruded through the sprue into mould. Compression moulding On entering the mould the polymer is forced to spread out to fill the mould. In conventional injection moulding the polymer would only fill about 96% of the mould. By having a partial opened mould the existing polymer in the mould can then be compress completely filling the mould. [2] By combing these two process techniques compression-injection moulding is performed. Properties Moulding machines with clamping range from 8000KN to 13000KN and a shot capacity up to 4000g m/s. Suppliers Engel, Demag, Klockner, Windsor http://www.sumitomo-shi-demag.eu/products/ Alternative Thermoforming forming of the product by place a heated blank sheet of the polymer over the mould and through suction creating the component Bumper drawings The fallowing drawings show the basic model of the part been produced. The overall thickness of the bumper throughout was taken as 10mm. The part had to be design to suit the mould so the polymer could flow easy. This involved keeping a constant flow of lines so no corners would be create and fairly uniform surface Fig. 1 Auxiliary view of bumper Fig. 2 Bumper Mould design Designing and constructing the mould requires highly precise work in both physical and theatrical ends of the process. To break even on cost a mould has to withstand a prolong cycle time. To achieve this length of time attention product quality most be reliable. Fig. 3 Mould and bumper Creating the mould involve the fallowing design parameters * Shape of bumper and tolerances * Mould had to be design for injection process * Direct gate hot runner injection system for funnelling the melted polymer from the injection system to the mould. By insulating the mould from the runner the temperature of the sprue can be maintained allowing the same left over material to be injected into the next product. * A draft angle throughout the mould and the sprue to allow for easy release. 1à ¯Ã‚ ¿Ã‚ ½ per side of the sprue * Cooling system to allow for uniform temperature during cooling * It was desire not to have sharp corners in the mould as it reduces the bumper strength while creating mould flow problems * Type of tool steel * Surface finish Mould drawings To gain a full understanding of the environment in the mould finite element modelling would have to be applied. This would give a computer aided design of the melt flow analysis throughout the mould, expected expansion and compression forces exerted during the process and cycle time prediction Fig. 4 Top of mould designed so internal dimensions of the bumper was taken Fig. 5 Bottom of mould designed so external dimensions of the bumper was taken Fig. 6 Assembly of mould Bumper Mould specification Steel Type Steel H13 was selected as it has long cycle life and shows great resistance to constant temperatures, wear, cracking and thermal shock. All these properties are associated with the manufacturing process. [5] Injection system Direct gate system. Reduces risk of blockage and allows for easy maintenance. Ejection System Robotic machine to extract the bumper from the mould with the use of suction pads. This allow for constant machine operation. Surface Finishing High gloss finish to ensure a polished surface on bumper and reduction of the bumper sticking in the mould. Mould Cycle Time: It is estimate from the polypropylene entering the mould, till extraction a time cycle of 45s exists. Cycle life If run at constant rate it is estimate that a cycle life time for the mould of a 100,000 components produced exists. Treatment Coolant channels create to maintain steady temperature. Mould coated with oil to prevent rust. Assumptions It was assumed that due to high compress and prolonged cycle times the mould would have to be highly strong and rigid. This involved making a highly thick walled and solid mould. On cooling of the polymer it was assumed that a shrinkage allowance of 0.5mm would have to be taken into account in the design of the mould. Manufacturing set-up Before production begins a manufacturing process is set. This takes into account standard working procedures and outside factors. This creates a more safe and quality assured environment. Procure material Granulated PP is source from a reliant and efficient supplier Treatment Polypropylene is dehumidified. Excess water is extracted before production occurs. This involves a pre-heating process. Feeding Granulated Polypropylene is brought to feed hopper where it is either manual feed in or through a conveyer belt machine system. Mould Top and bottom of the mould are load onto the clamps were their securely fixed. This involves crane operation and coordinated procedure as the moulds are highly heavy and can't afford to get damaged. Appropriate tonnage is applied compressing the mould. Clean Earlier material is purge out from the machine. Final check of machine operation is covered Production Polypropylene is slowly released into the cork screw and gradually begins to fill and compress. Fine tuning is performed on injection speeds, heaters, coolant temperatures, etc.. Tuning is performed till maximum efficiency is maintained. After the bumper is complete the mould is opened and the bumper is removed. Customer Bumper is deflash of excess polypropylene where injection occurs. This is either done robotically or by human intervention. The bumper is then sent off for packaging and storage where it will then go out to the customer. Factory layout Fig. 7 Factory layout from a plan view Material usage per annum It was assumed a cycle time of 45s between polymer entering and leaving mould. By taking into account other assumptions an overall estimate of components per year was found. Assumptions * Average time of 12 work hours per day * Maintenance of machinery, loading of material, organising and other factors estimate of 1 component every minute. (Estimate of 720 a day) * Average of 200000 bumpers per year. (Estimate 260 work days) * Mass of bumper 15kg Material usage per annum 3000 (metric) tons

Eusebius Pamphili Essay

Eusebius Pamphili, also called Eusebius of Caesarea, is one of the key figures ever documented in the field of church history writing/narration. He took into account essential happenings about a specific event and made accounts for people of great importance in the christian realm. Eusebius was exposed to events and he himself was an eyewitness of some martyrdom in several occasions like what happened in the persecution of Christianity in the time of the many Roman emperors. He was famous for his two historical works: â€Å"Chronicle† and â€Å"Church History†. He also wrote several books which served as references by many people like the â€Å"Apology for Origen†, â€Å"Praeparatio de Evangelica† (Preparation for the Gospel), â€Å"Demostratio Evangelica† (Proof of the Gospel), and other scholarly works that possesses historical values in itself. He appended supplements on the work, â€Å"On the Theology of the Church† to preserve the Nicene doctrine of the Logos against Athanasius principles. But perhaps another historical mark for Eusebius was his detailed accounts in the lives of the martyrs of the Palestine, Origen, and others. He also claimed that he witnessed persecutions in Egypt and Tyre. Furthermore, his prominent works in heresy hunting was also successful, an attribute only a few individual have during his time. His works, being focused in several Christian doctrines and teachings, is what makes it valuable for Christians today. This does not necessarily mean all his teachings were of absolute truth, but the fact that his works can be studied either to resolve or abhor the philosophy which depends on the bias and principle of the reader. Claiming that he had opportunities to witness such brutality made to the early Christians, it is therefore valuable to read his accounts for the readers to assess his claims as well as to consider his claims or despise the same. 1 The focal point of his work is to narrate in a very explicit way possible what transpired during that specific event based on Eusebius accounts and other writings. Taking into account what happened during the persecution experienced by Christians during that period by the authorities is also one of the main points of his writing. The so-called â€Å"Martyrs of Christ† were also mentioned in the book including the method of execution applied unto them. Having burned live, fed into wild beasts, and other mutilation process were clearly stated in the book. Moreover, he made a careful manifestation on the essential parts of the book by giving commentaries which had disputable issues involved. He also expressed contrasts in the claims of Eusebius by including accounts from other manuscripts as well, and stating its case in contrary to Eusebius claims. One clear example would be on the issue of the questionable escape by Eusebius from the persecution while the rest of his company suffered. Eusebius claimed that he escaped through the help of his friends from the authority. However, he was accused by others that he denied the faith, the main reason why he escaped from the prison. Another excerpt from the book would be the concern on his teachings regarding the basic Christian doctrine as again being challenged by other Christians. The contents of the book tackle on numerous historical accounts which are very important in studying the church history. Eusebius accounts, as well as others’ writings must be acknowledged by those who ventures into the history of the early Christians. Describing explicitly the tortures experienced by early Christians, the author carried out the gravity of the said affliction. These reasons, the author believed were some of the factors why the book had to be furnished. Critical commentaries were in scripted by the writer of the book. He clearly included both sides of the issues whenever there are conflicting sides arguing for a specific event stated. Credibility of the author depends on where he got the details included in his writing, as well as on how he presented those data he gathered. Since these issues were clearly evident in the writing of this manuscript, one can say that the author’s credibility should not be in question. There are other writers who did a great job expounding the history of the church. They also claimed reliable sources as to where they acquired the details of their writings. They presented their commentaries with objectivity, making them a likely author. These descriptions cited were also integrated in the works of the author mentioned in this entire assessment. Readers of this generation would be having a clear insight on the topics included in the manuscript made by the author. They can either approve or detest some of the details written but this writing would surely provide them a good reference in studying church history. They can also witness the author’s independent view on certain issues in the history of the church. Aside from all of these, this book should also be treated as a supplement on the topic of persecutions of the early Christians and the other details in a particular regime of past Roman emperors. The substance of a manuscript depends on several factors which includes its intrinsic importance and on how appropriate the book is in its field. This work made a great contribution in narrating events which focused on the writings of Eusebius. Stating all the ideas and principles incorporated in this writing, there is no way that this manuscript be given less importance, particularly in the grounds of studying the history of Christianity. From narrating the life of Eusebius, his circumstances, his accounts on the persecution of Christians and other relevant accounts made this book commendable.

Corporate Finance The Objectives Of Corporate Financial...

Introduction Every decision that a business makes has financial implications, and any decision made which in turn affects the finances of a business is a corporate finance decision. In broad terms, everything that a business does fits under the rubric of corporate finance. Each and every business, whether it be small or large, public or private, must make investment and key financing decisions (Damodaran, 1996). The objective of all businesses in corporate finance is to maximise value within the business. In this paper, aspects of corporate financial planning including the objectives of corporate financial planning, the benefits that arise from its introduction to a business will be outlined in order to give the best strategy to advise this moderately sized but rapidly growing business. Any problems that arise from any practical method of Corporate Financial planning which are introduced will be analysed and solutions to overcome these problems will be discussed. Shareholders’ wealth maxim isation is the primary objective of a company and certain strategies are implemented to achieve this objective and they will be analysed. Financial planning or Budgeting is also key to the success of any business and this will also be looked at in terms of understanding how to consult and improve this privately owned company. Objectives Maximisation of long-term shareholders’ wealth The objective of every business is to maximise its value. The value of the business is determined byShow MoreRelatedBrief Introduction Overview of McGraw Hills 9th Edition of Fundamentals of Corporate Finance655 Words   |  3 PagesReview Fundamentals of Corporate Finance – Ross, Westerfield, Jordan McGraw Hill Education (India), 2012, 878 Pp 9th edition ISBN: 13:978-1-25-9027628 Kumar Ratnesh* About Authors Stephen A. Ross is the Franco Modigliant Professor of Finance Economics at the Sloan School of management, Massachusetts Institute of Technology. Randolph W. 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