LP1 Assignment: Introduction to Business Strategy Competency: 1. Assess strategi
ID: 375032 • Letter: L
Question
LP1 Assignment: Introduction to Business Strategy Competency: 1. Assess strategic development in practical management concepts as they relate to strategic processes in the healthcare industry. Directions: Read chapters 1-4 of the textbook. Review the PowerPoints for chapters 1, 2, 3 and 4 of the textbook. Review Christina Care Health System in your textbook at the end of chapter 4. Develop a mission for the organization based upon the information given in the textbook and the organization’s website. Include the three elements; What we do, where we are going, and how we will get there. A minimum of two full pages are required along with two APA standard references. Use third person writings. Do not use “I think” or “in my opinion”, keep it factual and follow APA standards. Submit this assignment to your instructor via the dropbox "LP1 Assignment: Introduction to Business." This assignment is worth 40 points and will be graded according to the scoring guide below.
Explanation / Answer
Management is required to run an organisation in a structured way, where leadership help the organisation to achieve multiple goals which can be long term as well as the short term goals with the proper structured instructions.
Providing support
In a Healthcare organisation, planning provides a basic structural support to all the employees. Planning provides an idea of roles and goals of their jobs but does not describe how to achieve it.
Leadership works on the basis of planning and achieve the goal set by plant management, step by step. Leadership provide motivational as well as positive attitude of the employees.
Managing
Managing can be seen as the most essential part for an Healthcare organisation. Management is responsible for managing everything inside the organisation from the medications to the equipment and also the doctoral structure.
Leadership is needed to manage all these things efficiently in a specific time. Leadership provides the basic instruction on how to manage correctly and provide support to all the employees and their teams.
Improving efficiency
Both of the systems, planning as well as leadership are important for improving the efficiency of the organisation but management alone cannot do it. For a proper Improvement in efficiency leadership is very much required to correctly execute all the plant steps in the management.
Some factors that must have to be considered while conducting a feasible analysis of A Healthcare service or product are as follows
Quality of the product
By having an analysis over the is a chain development of the specific product as well as background check could be very beneficial for an organisation to determine the feasibility of specific product. Quality of the product is very essential in terms of medical department. This is specific time also ensure that the quality of the product matches to the standard of the Healthcare system which would greatly increase the overall efficiency of the system by maintaining efficient result from the specific product.
Requirement of capital
By determining the requirement of the specific capital required for running the Healthcare networks we can easily determine your all feasibility of the specific Healthcare system. Overall Capital requirement analysis can provide rough idea of the needed capital which can be later introduced into the structure of the Healthcare organisation.
Service unitss
Analysis of the total required service units is also an essential part of the feasible analysis for an Healthcare network. Determination of overall required serviceable units can provide a support system to the total cost analysis of the Healthcare network system.
Staffing and labour
Determine the overall staffing of the Healthcare networks can be done to determine the overall staff needed for the Healthcare organisation. It can also be determined the level of killed as well as unskilled staff needed for the Healthcare organisation. The measurement of staffing as well as labour can be very beneficial for an organisation to take positive steps towards the better efficiency as well as productivity.
Direct costs
Maintenance and analysis of the direct cost is one of the most essential part of the feasible analysis for an Healthcare organisation it provides the overall direct cost analysis for paint cost on the Healthcare network.
Overhead cost
Indirect cost analysis for Healthcare network is also very essential part of a feasible analysis. This specific time determine the overall overhead cost for the Healthcare Network and provide a specific info on delivery of the overall cost. By adding this cost to the direct cost we can easily obtain the overall cost being spent by the healthcare network.
Inflation
By forecasting the overall inflation as well as having a research on the previous inflammation rate can easily increase the overall efficiency as well as productivity and can also improve the week points of the Healthcare network for Improving there error in the previous state.
Cash flow analysis
Analysis of the cash flow inside a Healthcare organisation can readily increase the overall effectiveness of the specific organisation. By knowing from where the cash is flowing to which direction, an organisation can directly increase its overall level of implementation of different strategies into the organisational structure which would directly lead it to more efficient as well as productive working environment.
By analysing The Other factors one can easily implement a better health care plan for feasible analysis inside and Healthcare organisation and this feasible analysis can be very beneficial for an organisation to maintain more efficient services.
P.S.- Please attach the chapter 4 for reviewing Christina Care Health System .
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.