Best management practices in teaching health care organizations- corporate governance and CSR practices

Best management practices may include any methods of working/Modus operandi or techniques found to be the most effective and practical means in achieving any objectives of the business organization while making the optimum use of the organization's resources. In today's globalized economy every business organization irrespective of existence of difference in their incorporation, operation, size, nature of product/service providing and involvement of stakeholders wishes to be identified as Organization with Best Management Practices. Corporate Governance and Corporate Social Responsibility are two such aspects which affect the management practices of any kind of organization to greater extent. Among existing variety of healthcare organizations Teaching Healthcare organizations are most important healthcare organizations (others being Multispecialty, Super specialty and government healthcare organizations) as they produce or induce the key stake holders into the healthcare sector Viz. Doctors, Nurses, Clinical and Para clinical supporting staff. Hence these healthcare organizations are expected to understand the importance of Corporate Governance (CG) and CSR practices in implementing and continuing best management practices. The present research paper is empirical in nature. Data is collected from two teaching healthcare organizations situated in Bangalore by circulating structured questionnaire among internal stakeholders of the organization. It is confidently shown that CG, CSR, Clinical Governance (CLG) and Organization Climate (OCL) are connected to each other directly or indirectly. Structural Equation Modeling is used to define this relationship.