We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Strategic management - Article Example

Comments (0) Cite this document
Summary
Most Pressing Operational Issues It is to be noted that EMC was a community hospital and over the period of time has remained focused on providing limited community based services. One of the essential characteristics of the hospital is its increasing costs and lack of capacity which is making it difficult to treat all the patients with same care…
Download full paperFile format: .doc, available for editing
Polish This Essay92% of users find it useful
Strategic management
Read TextPreview

Extract of sample
"Strategic management"

Download file to see previous pages Issues such as higher volume of patients catered through limited capacity in the emergency room as well as the lack of adapting new technologies have made it relatively difficult for the hospital to keep pace with the larger hospitals. Recruiting and retaining skilled physicians as well as nursing staff at relatively affordable cost was another operational issue faced by hospital. Due to the structural changes in the healthcare industry overall availability of the physicians declined due to reduction in their wages. It is also important to note that the increasing influence of the managed care organizations is also sited as one of the operational issues faced by EMC. The overall influence of the managed care therefore is forcing the hospitals to offer services at reduced costs. Strategic Options Available One of the key elements to be explored before EMC can make any strategic move is the understanding of the external environment of hospital. Over the period of time the changes which have taken place largely were regulated as well as driven by competition. A closer analysis of the competitive environment suggests that most of the players were non-profit organizations with focus on developing extensive network to gain the competitive edge in the market. The essential nature of the competition therefore may force EMC to look for the options which can allow it to exploit the established network of different direct as well as indirect players in the market influencing the overall outcome in the market. One of the most important strategic actions which EMC can take is to merge with any competing HMO in order to take advantage of the core competencies of other organization. Since most of the organizations are non-profit organizations therefore hospital can also achieve the required level of synergy with relative ease. Further, the utilization of the existing technology of the bigger player would enable it to overcome its traditional weakness of adapting to the new technology in slow manner. This would further allow the hospital to become better equipped to reduce the number of complains also. It is also important to note that the merger with any other HMO will also provide an opportunity to gain access to the larger base of medical and health care services providers such as physicians and nurses. This would therefore can allow broadening the overall scope of services offered under one roof. Another important strategic option which may be considered is to maintain the status quo and initiate a program of change. President Moeen however, would require drastic changes in the way hospital is managed. This would require taking a holistic view of the operational challenges faced by the hospital and than taken on a systematic strategic approach to utilize the core competencies of the hospital to gain the required momentum to achieve the growth. Recommendations In order to overcome the operational challenges as well as to make EMC a competitive force within the area, President Moeen can take on the drastic changes to further rationalize the cost while at the same time maintaining the status quo. This would involve looking for new ways and methods to further rationalize the cost while at the same time ensuring that the hospital continues to expand. In order to achieve this, it would be better if the hospital look for more financing ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Strategic management Article Example | Topics and Well Written Essays - 750 words - 1”, n.d.)
Retrieved from https://studentshare.org/management/1430079-strategic-management
(Strategic Management Article Example | Topics and Well Written Essays - 750 Words - 1)
https://studentshare.org/management/1430079-strategic-management.
“Strategic Management Article Example | Topics and Well Written Essays - 750 Words - 1”, n.d. https://studentshare.org/management/1430079-strategic-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Strategic Leadership for Change Management
The conclusion is that there is no set of personal qualities, which present in all effective leaders are often cited as evidence that the effectiveness of leadership is situational in nature. However, the Stogdill said that his view is not enough emphasizes the personal nature of leadership. He argues that there are substantial evidence for the fact that different situations require different ability and quality.
20 Pages(5000 words)Article
MGMT 670- STRATEGIC MANAGEMENT
It also controls whether mission, values, goals, vision, and objectives are achieved and takes corrective actions if they are not or if internal or external circumstances change. The main tool of strategic management is a strategic plan. Strategic planning focuses on setting goals or the point of achievement that we desire to reach some time in the definite future moment as well as on ways and means to get to that desired outcome.
7 Pages(1750 words)Article
Strategic management
Due to the fact that 49% of the population of the country lives in the non-urban areas therefore there are more chances that the competition will increase and more players will enter into the market. The presence of different bigger players in the market is also one of the key elements of the general environment of the market.
3 Pages(750 words)Article
Strategic Management: Strategic Choices
In fact, a discussion of Toyota’s strategies has become a common staple not only for aspiring business and management students but also for professionals across the business spectrum. Business Strategies Toyota’s business strategy can be perceived to contain four ingredients: innovation, localization, mass production efficiency and brand image.
4 Pages(1000 words)Essay
Strategic Management: Strategic Choices
Strategic choices by TRADOC The TRADOC Strategic plan has three strategic choices which provide as organizing constructs for main objectives and tends to support the achievement of the strategic objectives and execution of mission and role of the Army trainer leading to change in the Army.
3 Pages(750 words)Essay
Strategic Planning
20). Peter and Donnelly assert that strategic planning not only involves planning for the predictable but also the feasible (p. 27). Gilbert’s article
1 Pages(250 words)Article
Strategic Human Resource Management
pport.Most people join the unions in order to higher payments at work, but, the trade unions play other roles, which are essential in ensuring healthy employee-employer relationships(Wilkinson 2014, p. 89). First, the trade unions negotiate the pay and conditions of workers at
4 Pages(1000 words)Article
IMG
This has remained a noble idea as it propelled IMG to where it was up to the early 2000’s when it began to feel the threat of emerging competitors (Hitt,et al. 56-8). Although it started with Golf, the changing business and economic
2 Pages(500 words)Article
Based on Chapter 1 and Reading 1 describe the major differences between traditional HRM and strategic HRM Which types of organizations (if any) will traditional HRM fit more Which types of organizations (if any) will strategic HRM fit more Explain why
Most engineering and construction companies across the world significantly employ the traditional human resource management style because of the technicalities in the field needs the immediate manager to be there (Ulrich, 1998). On the other hand, production companies are
1 Pages(250 words)Article
Strategic Management
The article by Flickinger, M., Wrage, M., Tuschke, A. und R. Bresser: How CEOs protect themselves against dismissal: A social status perspective. Strategic Management Journal 36 published this year
1 Pages(250 words)Article
Let us find you another Article on topic Strategic management for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us