Review Discussion for term paper
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Question
Topic: Review Discussion for term paper
Details: Discussion 3 – Review Sheet / General and Health Care Environment
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Main Post: 20 Points
Students should read and be familiar with Chapters 1-3 of the text.
Review Sheet
Chapter 1 – Introduction to Strategic Management
Strategic Management functions:
Planning
Organizing
Staffing
Directing
Controlling
Chapter 2 – External/Situational Analysis
External or Situational Analysis – key to prioritize, collect and analyze data regarding relevant issues related to the following factors:
Technology
Economic
Social
Legislative
Competitive
Managers need to focus not on the “What” so much as the “How”.
To forecast use the following:
Existing data (extrapolate)
Expert opinion
Nominal group techniques, brainstorming, focus Groups
Dialectic Inquiry (from the book)
Stakeholder analysis
Preparing a Business/Strategic Plan:
(1) starts with a situational analysis
(2) organizational response to a need
Note: The strategic management plan needs to cover the next for 3-5 years
Plan Components
Length: 2-3 Pages
Vision
Mission
Goals
Objectives
Strategies
Tasks/timeline
Program evaluation
Budget
Appendices
Other terms and concepts:
What is contingency planning? The what-if plan
Systems approach – considers all major internal and external factors
Control function – regulates guides and/or direct. Key utilizes measurable outcomes
Major health care organizations include: companies (hospitals, insurance, etc.) nonprofits, public agencies
Organizational structures: functional, divisional, matrix. (book defines as a corporate, divisional, unit (functional)
Strategies by level – not important
Chapter 3: Competitor Analysis
Medical tourism – widespread, huge, worldwide
Organization Stakeholders:
Employees
Stockholders
Community
Customers
Forms of Competition:
Pure competition
Monopolistic Competition
Oligopoly
Monopoly
How to evaluate your competition. Evaluate by:
Product
Distribution
Promotion
Pricing
For this week’s discussion: As an individual or your assigned group submit your summary of the general and health care environment – the general economic environment and specific health care environment (national and local) for your organization in no more than 3 paragraphs. Note, this is an aspect of your Final Project.
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