Testing the limits of prospective autonomy- advance directives in an Essay

Testing the limits of prospective autonomy- advance directives in an incompetent patient - Essay Example case, the physician must develop a social interaction with the patient by making him understand that the neglect of the transfusion administration is seen as a neglect of life, which is equitable to suicide. Being a religious belief, Jehova Witness is not legally approved by the country to teach its followers against blood transfusion. The medical principles have a blood transfusion as mandatory for people in emergency situations that involve excessive bleeding. However, without the consent of the patient, if the medical practitioner goes ahead to give the transfusion, he risks being sued by the patient in the court of law for malpractice. The medical code of conduct dictates that the patient must be consulted before any medical procedure is performed, which he or she must approve. However, the decision is sometimes left to the physician, especially in emergency life-saving situations. One of the factors that is in favor of the physician after the administration is that the failure to save the life of a patient is not documented in the medical laws and also in the national laws. Even if the patient filed a malpractice case, the physician would not be convicted of an offense. Failure to administer the transfusion would be the most serious case that may even see the physician fired. In order to act in a moral, ethical, and humane manner, the physician should administer the transfusion to save the life of the patient. The virtue theory would also be applied in the determination of the decision to make on whether to administer the blood transfusion or not to the incompetent patient. The virtue theory suggests that the performance of an act that promote the common good for society as well as individuals and regards an activity that would cause harm as vicious (Shelp, 2012). Applying this theory in the present situation, efforts to save the life of a person would be desirable to the society and promotes the health wellbeing of the patient. It is thus virtuous for the

Strategic Financial Management Case Study Example | Topics and Well Written Essays - 3250 words

Strategic Financial Management - Case Study Example As a result, the share prices listed in the stock market do not always reflect the true market value of a company. This perception has gained such currency that people who invest in stocks are driven more by speculation than certainty. The thinking that the stock market is not always a reliable indicator of firm value works against the interests of the company seeking capital for expansion because it may not be able to attract as many investors as it wants. One such firm is the fast-growth airline EasyJet plc, which was ranked No. 72 by Business Week in the list of the World's Most Innovative Companies in 2006. In the view of its officers, the airline's share prices have been distorted by the current volatilities that they fail to represent the true market value of the firm. Since the firm's formal listing in the London Stock Exchange in 2000, exactly five years after its establishment in 1995, EasyJet has worked hard to create value for shareholders but it seems unconvinced by the s hare prices reflected in the trading floor. For the benefit of investors and its board of directors that needs accurate financial data for decision-making purposes, EasyJet would naturally want to establish the correct market value of the firm. This paper affects a strategic financial analysis for and in behalf of EasyJet to find the true stock market value o... Then we chronicle how EasyJet plc has delivered such value to shareholders for the past five years and the trajectory of change in its equity value over the last 12 months, with the market value picking up in 3-4 months and then dropping without warning. To determine the firm's true market value, this paper evaluates EasyJet's equity at current prices using the firm's net asset value, price-earnings ratio and discounted cash flow for 10 years. Finally, we attempt to reconcile any differences in value obtained from these financial analysis methods. Based on the results, we set the correct stock market value for the firm. Strategic Financial Management Through strategic financial management, the company may find its true stock market value by isolating the sum of all expected future cash flows discounted to the present and then dividing the sum of these discounted cash flows with the number of available shares. Equity valuation can also be done by comparing the firm's current share price with its net asset value, price-earnings ratio and its discounted cash flows for the next 10 years. Strategic financial management is defined as the identification of strategies that can maximize an organization's present net value in order to increase shareholder value (Leading Concepts, 2006). Its key objective is precisely to create shareholder value. According to Grundy & Scholes (1998), strategic financial management seeks control of the company's bottom line through proactive, involved and customized means in a manner that is dynamic, forward-looking and outward-oriented. In effect, the firm looks at the links between corporate strategy and strategic financial management to see how the process can play a positive and proactive role in