Review the Identifying and Explaining a Goal example provided that identifies and explains a goal from the Phoenix Hospital.
Complete the Part 3 Goals, Objectives & Final Decision for Phoenix Hospital section of the Strategic Plan Template.
Cite at least 1 peer-reviewed, scholarly, or similar reference to support your assignment.
Format your assignment according to APA guidelines.
Category: Management homework help
respond to the following in a minimum of 175 words: As a health care manager,
respond to the following in a minimum of 175 words:
As a health care manager, how will you use your business plan to strategize for the future? Provide details.
This is a two-part assignment, starting in Unit 2 and completed in Unit 3. Co
This is a two-part assignment, starting in Unit 2 and completed in Unit 3. Complete Part 1 of this assignment in Unit 2 by executing the requirements below and submit it to the Unit 2 Dropbox for grading. You must complete Part 1 of this assignment in Unit 2. Do not proceed to Part 2 of this assignment in Unit 3 until Part 1 in Unit 2 has been completed. Procrastination can be detrimental to your success in this class. The quality and depth of learning demonstrated in these deliverables matter.
The following Course Outcome is assessed in this assignment:
GB580-1: Evaluate the organizational design of a business using strategic management principles.
Scenario:
Congratulations! You are the new general manager of the Turul Winery based on the FLIGBY® simulation theme and gameplay. As the new general manager, you will need to quickly assess the state of the organization from a strategic perspective. You will utilize internal strategic analysis tools to evaluate the overall organizational design of the Turul Winery business. You will analyze the organization to build intelligence on its organizational structure, governance, policies, systems, organizational culture, talent pool, resources, capabilities, and the business’s core competencies.
Your goal is to demonstrate skill and expertise in assessing and planning a results-oriented organizational (corporate level) strategy focused on resilience, efficiency, and innovation to ensure competitive advantage, sustainability, and growth. You will use the results of these analyses to inform the development of a strategic report due to the owner of Turul Winery in two weeks. Use the following criteria to evaluate the business’s organizational design and create the strategic report.
Assignment Part 1 Requirements:
Strategy Report Format
Use the Strategic Evaluation Template to develop your strategic report for the owner of Turul Winery. For this assignment, complete Section I in the provided template. You will complete Section II in Unit 3.
Your strategic report should have a title page, table of contents, content pages, and a reference page.
Design a professional report using images, charts, diagrams, etc., to aid in disseminating information.
The strategy report is written in the third person.
Strategic Development
Explain the importance of developing a unique strategy to ensure long-term success for the Turul Winery.
Evaluate the competitive advantages of the Turul Winery.
Explain how to develop a winning strategy to ensure the Turul Winery’s long-term success.
Evaluate the vision, mission, and values of the Turul Winery organization.
Strategic Management Hierarchy
Evaluate the corporate level of the Turul Winery using strategic management principles.
Evaluate the business unit level of the Turul Winery using strategic management principles.
Evaluate the functional level of the Turul Winery using strategic management principles.
Organizational Design Theory
Explain the value of organizational design using theories, principles, and concepts from peer-reviewed research.
Explain the relationship between organizational design and strategic development using peer-reviewed research.
Develop a statement explaining the ideal organizational design approach for Turul Winery.
Organizational Structure
Evaluate the Turul Winery organizational structure configuration.
Determine three advantages of the Turul Winery organizational structure configuration.
Determine three disadvantages of the Turul Winery organizational structure configuration.
Audience, Reasoning, and Research
Address the owner of the Turul Winery in the strategy report.
Use reasoning skills to support your statements, ideas, and decisions.
Use a minimum of three peer-reviewed academic research resources to substantiate your thoughts, opinions, and ideas.
APA Style
Apply APA style to in-text citations with minor errors.
Apply APA style to references, with minor to no errors.
Use research resources from reliable and/or scholarly sources.
Writing Conventions
Writing is focused, concise, and organized.
Articulate at a college level.
Few or no grammar or punctuation errors.
Use non-offensive, inclusive, and respectful language.
Use headings to segment the topics in your writing to create a flow of ideas for your reader.
Review the Unit 2 Assignment rubric.
Part 1 of your assignment is submitted in combination with Part 2 of your assignment due at the end of Unit 2. You will continue to develop Part 2 of your strategic report assignment on the Turul Winery in Unit 2 of the course.
The organization is the braves This involves analyzing the current operations,
The organization is the braves This involves analyzing the current operations, management, and marketing of the organization. This should include all operations and management, all competitors, and the segment of the industry to which this organization belongs.
In Unit 2, you started Part 1 of this two-part assignment. in Unit 3, you wil
In Unit 2, you started Part 1 of this two-part assignment. in Unit 3, you will complete Part 2 of this assignment by executing the requirements below. Do not proceed to Part 2 of this assignment in Unit 3 until Part 1 in Unit 2 has been completed. Procrastination can be detrimental to your success in this class. The quality and depth of learning demonstrated in these deliverables matter.
The following Course Outcome is assessed in this assignment:
GB580-1: Evaluate the organizational design of a business using strategic management principles.
Scenario:
Congratulations! You are the new general manager of the Turul Winery based on the FLIGBY® simulation theme and gameplay. As the new general manager, you will need to quickly assess the state of the organization from a strategic perspective. You will utilize internal strategic analysis tools to evaluate the overall organizational design of the Turul Winery business. You will analyze the organization to build intelligence on its organizational structure, governance, policies, systems, organizational culture, talent pool, resources, capabilities, and the business’s core competencies.
Your goal is to demonstrate skill and expertise in assessing and planning a results-oriented organizational (corporate level) strategy focused on resilience, efficiency, and innovation to ensure competitive advantage, sustainability, and growth. You will use the results of these analyses to inform the development of a strategic report due to the owner of Turul Winery in two weeks. Use the following criteria to evaluate the business’s organizational design and create the strategic report.
Assignment Part 2 Requirements:
Strategy Report Format
Continue using the Strategic Evaluation Template to develop your strategic report for the owner of Turul Winery. For this assignment, complete Section II in the provided template and submit the full document to the Assignment Dropbox.
Your strategic report should have a title page, table of contents, content pages, and a reference page.
Design a professional report using images, charts, diagrams, etc., to aid in disseminating information.
The strategy report is written in the third person.
The McKinsey 7-S Framework
Evaluate the current situation of the Turul Winery organization using the McKinsey 7-S framework.
Determine a minimum of ONE organizational strength of the Turul Winery for each category in the McKinsey 7-S framework.
Determine a minimum of ONE organizational weakness of the Turul Winery for each category in the McKinsey 7-S framework.
Organizational Culture
Concisely explain how the competing values framework is used to evaluate the organizational culture of a business.
Using the competing values framework, evaluate the Turul Winery to identify the dominant culture quadrant of the organization.
Explain the distinctive organizational and individual factors of the chosen dominant culture quadrant.
Develop a concise description of the organizational identity of the Turul Winery organization.
Core Competencies: Resources & Capabilities
Explain how the principles of the resource-based view theory and framework are useful in evaluating the organizational design and strategy of the Turul Winery.
Using the VRIO framework to analyze the Turul Winery organization, determine three tangible and intangible resources of the business.
Using the VRIO framework to analyze the Turul Winery organization, determine three capabilities and dynamic capabilities of the business.
Organizational Policy: Performance, Innovation, and Ethics
Formulate one new organizational policies that will drive performance at the Turul Winery.
Formulate one new organizational policies that will drive innovation at the Turul Winery.
Formulate one new organizational policies that will ensure the Turul Winery is an organization devoted to social responsibility.
Strategic Recommendations
Develop conclusive remarks on the current state of the Turul Winery organization from the perspective of strategic management theories, principles, and concepts.
Develop conclusive remarks on the current state of the organizational design of the Turul Winery organization from the perspective of organizational design theories, principles, and concepts.
Develop a minimum of five recommendations to improve the organizational design of the Turul Winery over the next 3 years.
Requirements:
Audience, Reasoning, and Research
The strategy report addresses the owner of the Turul Winery.
Use reasoning skills to support your statements, ideas, and decisions.
Use a minimum of three peer-reviewed academic research resources to substantiate your thoughts, opinions, and ideas.
Your business operations skill is important for being able to identify risks
Your business operations skill is important for being able to identify risks associated with various financing options and projects for capital projects that fund growth, purchase equipment and inventory, hire additional staff, and build new facilities.
Scenario
You have been promoted to CFO at your hospital. The hospital’s CEO has requested that you present an evaluation of budgetary options for future purchases based on industry competition to the board of directors. In the presentation, focus on budgetary financing strategies and solutions in the operations of the hospital.
Preparation
If you address nursing shortage, supply-chain disruption, or outsourcing in your assessment deliverable presentation, review and consider using the following articles from the “Summative Assessment: Business Operations Presentation” section in the Week 5 University Library as the primary resources for your presentation.
Nursing shortage topic resource: “As COVID-19 Worsens Nursing Shortage, Madison Hospitals, Schools Step Up”
Supply-chain disruption topic resource: “Inflation Rattles Hospital Supply Chain and Labor Pool With no End in Sight”
Outsourcing topic resource: “Research and Markets Adds Report: Medical Billing Outsourcing Market” and “The Good, the Bad and the Outsourced”
Assessment Deliverable
Create a 12- to 15-slide Microsoft PowerPoint® presentation in which you:
Evaluate effective financial options for outsourcing operations of key departments, such as information systems, medical billing, and human resources (HR).
Evaluate how you would implement just-in-time inventory management (e.g., in the OR, central sterile supply, or pharmacy departments) to optimize inventory management.
Analyze the advantages and disadvantages of using a flexible budget to meet the organization’s staffing needs.
Describe the decision-making factors when determining whether to lease or buy equipment (e.g., Should I buy or lease an MRI or CT scan?).
Describe the effect of financing strategies on the cost of capital.
Identify and describe the benefits and risks of debt financing (e.g., how to manage working capital through accounts payable).
Formatting Requirements
Include the following in your presentation:
Detailed speaker notes for each slide
Appropriate images or other multimedia
A references slide
Cite any sources, images, and multimedia included in your presentation.
Format citations and references according to APA guidelines.
Imagine you are the comptroller of a hospital. Due to the reduction in reimbu
Imagine you are the comptroller of a hospital. Due to the reduction in reimbursement from third-party payers, your organization must improve its working capital.
Watch the following 2 videos:
“Working Capital”
Transcript
“Alternative Forms of Capital”
Transcript
In my experience as a healthcare professional I can share with you that learning about working capital and how to manage it will provide you with the right understanding operational efficiencies.
You will find that it is necessary to know that daily cash requirements of the business so that you know, whether you can pay short term that and working capital will provide you with that information.
Furthermore you will find that it teaches you how to manage accounts payable.
As well as account receivables in order to optimize cash flow because cash is the king in organization working capital.
What is it working capital in assure answer is current assets minus current liabilities.
Another way of looking at working capital is in terms of a financial ratio such as working capital equates to current assets divided by current liabilities.
If it is equal to 1 that means that Karen assets equal current liabilities.
If it is greater than 1 that indicates that current assets exceed current liabilities.
And then finally if the working capital has a ratio of less than one that means that the current assets are less than the current liabilities look working capital is a nutshell is the cash required in order to meet current short-term obligations such as payroll accounts payable and any other debt that is due within a year’s time.
You can Finance working capital through accounts payable how well taking longer to pay vendors in order to preserve the most precious current ass.
And that is Cash instead of paying bills in 30 days. You may do it in 60 days or 90 days. You don’t want to go beyond 90 days because that will be penalties incur there or you can also pay it through that but borrowing money on a credit line. So that’s the importance of working capital.
After watching the videos, respond to the discussion prompt: Given that working capital is equal to current assets minus current liabilities, how would you finance working capital through accounts payable? Provide examples.
Review the Identifying and Explaining a Goal example provided that identifies
Review the Identifying and Explaining a Goal example provided that identifies and explains a goal from the Phoenix Hospital.
Complete the Part 3 Goals, Objectives & Final Decision for Phoenix Hospital section of the Strategic Plan Template.
Cite at least 1 peer-reviewed, scholarly, or similar reference to support your assignment.
Format your assignment according to APA guidelines.
respond to the following in a minimum of 175 words: As a health care manager,
respond to the following in a minimum of 175 words:
As a health care manager, how will you use your business plan to strategize for the future? Provide details.
This is a two-part assignment, starting in Unit 2 and completed in Unit 3. Co
This is a two-part assignment, starting in Unit 2 and completed in Unit 3. Complete Part 1 of this assignment in Unit 2 by executing the requirements below and submit it to the Unit 2 Dropbox for grading. You must complete Part 1 of this assignment in Unit 2. Do not proceed to Part 2 of this assignment in Unit 3 until Part 1 in Unit 2 has been completed. Procrastination can be detrimental to your success in this class. The quality and depth of learning demonstrated in these deliverables matter.
The following Course Outcome is assessed in this assignment:
GB580-1: Evaluate the organizational design of a business using strategic management principles.
Scenario:
Congratulations! You are the new general manager of the Turul Winery based on the FLIGBY® simulation theme and gameplay. As the new general manager, you will need to quickly assess the state of the organization from a strategic perspective. You will utilize internal strategic analysis tools to evaluate the overall organizational design of the Turul Winery business. You will analyze the organization to build intelligence on its organizational structure, governance, policies, systems, organizational culture, talent pool, resources, capabilities, and the business’s core competencies.
Your goal is to demonstrate skill and expertise in assessing and planning a results-oriented organizational (corporate level) strategy focused on resilience, efficiency, and innovation to ensure competitive advantage, sustainability, and growth. You will use the results of these analyses to inform the development of a strategic report due to the owner of Turul Winery in two weeks. Use the following criteria to evaluate the business’s organizational design and create the strategic report.
Assignment Part 1 Requirements:
Strategy Report Format
Use the Strategic Evaluation Template to develop your strategic report for the owner of Turul Winery. For this assignment, complete Section I in the provided template. You will complete Section II in Unit 3.
Your strategic report should have a title page, table of contents, content pages, and a reference page.
Design a professional report using images, charts, diagrams, etc., to aid in disseminating information.
The strategy report is written in the third person.
Strategic Development
Explain the importance of developing a unique strategy to ensure long-term success for the Turul Winery.
Evaluate the competitive advantages of the Turul Winery.
Explain how to develop a winning strategy to ensure the Turul Winery’s long-term success.
Evaluate the vision, mission, and values of the Turul Winery organization.
Strategic Management Hierarchy
Evaluate the corporate level of the Turul Winery using strategic management principles.
Evaluate the business unit level of the Turul Winery using strategic management principles.
Evaluate the functional level of the Turul Winery using strategic management principles.
Organizational Design Theory
Explain the value of organizational design using theories, principles, and concepts from peer-reviewed research.
Explain the relationship between organizational design and strategic development using peer-reviewed research.
Develop a statement explaining the ideal organizational design approach for Turul Winery.
Organizational Structure
Evaluate the Turul Winery organizational structure configuration.
Determine three advantages of the Turul Winery organizational structure configuration.
Determine three disadvantages of the Turul Winery organizational structure configuration.
Audience, Reasoning, and Research
Address the owner of the Turul Winery in the strategy report.
Use reasoning skills to support your statements, ideas, and decisions.
Use a minimum of three peer-reviewed academic research resources to substantiate your thoughts, opinions, and ideas.
APA Style
Apply APA style to in-text citations with minor errors.
Apply APA style to references, with minor to no errors.
Use research resources from reliable and/or scholarly sources.
Writing Conventions
Writing is focused, concise, and organized.
Articulate at a college level.
Few or no grammar or punctuation errors.
Use non-offensive, inclusive, and respectful language.
Use headings to segment the topics in your writing to create a flow of ideas for your reader.
Review the Unit 2 Assignment rubric.
Part 1 of your assignment is submitted in combination with Part 2 of your assignment due at the end of Unit 2. You will continue to develop Part 2 of your strategic report assignment on the Turul Winery in Unit 2 of the course.