Imagine that you're a member of a health IT consulting company. Your company (your group) was requested to write a strategic planning for Dr. Smoth's business (See the scenario below).
- Create your company name and logo, first!
- You will use a SWOT analysis and another strategic tool that you select from the class lecture note.
- The Plan should be less than 5 pages, excluding the cover and the references. There should be 3 or more references (where did you get your info from?). The basic form should be:
- Exec summary
- Vision (very short)
- Mission (a paragraph or less)
- Situation Analysis Summary
- SWOT (1 page) (Use this SWOT Analysis Worksheet for brainstorming)
- Another Strategic Tool (1 page)
- Key Success Factors
- Overall comment
- Goals and objectives with dates and outcome measures (paragraphs plus tables)
- Report Structure (1 inch margins, single-spaced, 12 points font size)
- Page 0 – create a COVER SHEET (include your names, class title, your company name and logo, etc). Brand yourself and use the same cover sheet for all your group work. Treat each report as a work document given to a client.
- Page 1 – Write an EXECUTIVE SUMMARY – write this LAST! This should summarize what the rest of the report is about, the main points, the key findings, etc. (1-2 paragraphs).
- Page 2-4 – Mission/Vision Statements, Situation Analysis Summary, SWOT + 1 other tool, Key Success Factors, Overall Comment
- Page 5 – Goals and objectives with dates and outcome measures (Use the table format in the lecture slides)
- Page 6 -- References (3 or more, APA style)
Strategic Planning Scenario
Dr. Smith graduated from the University of Florida Medical School in 1996 and continued her studies in Family Practice. After relocating to Tallahassee, she joined Patient’s First group practice on Kerry Forest Parkway. She was not in the position to run her own business; she did not have the management background or the ability to readily attract patients as a solo practitioner (and she had no patients).
After 3 years, Dr. Smith is ready for a change; she wants to open a new practice, to secure financing, and one of her immediate tasks is to create a strategic plan for her business. She is aware that Patient’s First has recently implemented an EMR system (and understands the need for one) and wants to include one in her new practice. She is also aware that she may have to contract with Capital Health Plan, Medicare and Medicaid for patients. At Patient’s First, she had a load of 16-25 patients M-F from 8-5. She covered one weekend a month on an emergency basis. She knows that going solo is a huge undertaking. After 5, patients would call a help desk that would route calls to covering doctors. The "To Do" list of things that must be accomplished in a short period of time is endless. Meanwhile, she has patients to see and a business to run (and of course, medical loans to pay back). She will leave Patient’s First on 4/1/16. She cannot afford any mistakes – everything in the process must occur rapidly, smoothly, and flawlessly as possible.
Tallahassee has few Family Physicians (you MUST look up and CITE info!) and even fewer that accept new patients. She is not worried about getting new patients. As part of the process, she has asked you to assist with creating a basic Strategic Plan. It must include a timeline and goals. This will allow her to keep track of tasks, milestones, and documents related to the new practice opening. She also wants to set herself apart from other doctors in how she provides services and her interaction with customers.
Given your knowledge of Health IT (she thinks you’re aware of all the recent health changes and can act as her guidance in preparation for ‘meaningful use’ and new EMR adoption rules), she has asked for your assistance.
Her Key Concerns are:
- Creating a strategic plan (which may act as her business plan)
- Maintaining credentialing/enrollment
- Ensuring financial planning for her practice
- Renting a facility that meets her needs requirements (1 office, 1 waiting room, 4 pt rooms)
- Attracting patients
- Continuing billing operations
- Starting electronic health record implementation
- Management of personnel (1 office manager, 3 nurses, 1 receptionist)
- Task prioritization
- Timeline development with due dates
- Staying SANE through the process
Strategy is the art of formulating, implementing and evaluating the cross-functional decisions of business to achieve its organizational goals and long-term sustenance. Strategy closely knits the mission, vision and goals of an organization with plans and policies to achieve its objectives. Strategy can also be defined as the course of actions taken and necessary resources implemented to accomplish the predefined goals of an enterprise.
Need strategy assignment help? MyAssignmenthelp.com is the place!
Two major processes of strategy
Strategy specifically involves two major processes: formulation and implementation. These two major initiatives undertaken by the top managerial level in an organization is regarded as strategic management. Strategyassignment helpexperts focus on these.
Formulation refers to the analysis of the market condition and plotting adequate strategic actions respectively to gain competitive advantage against the rivals. Strategies are formulated based on the following factors and mainly highlighted in strategy assignment help material:
- The nature of organizational business
- The target market for a significant product or service
- The purchase characteristics of target customers
- The geographical scope of the business
- The differentiation capability of business
- The opportunities and possible threats of the business
It refers to the alignment of resources towards the organizational goals. Implementation depends on a number of factors that include structuring of resources, leadership arrangement, effective communication, management, performance monitoring etc. Strategy assignment help experts suggest that implementation is a useful process to evaluate the progress towards achievement of organizational goals.
Strategy assignment help primarily include these processes. Enhance your knowledge on MBA by our strategy assignment help.
Strategy at different levels of business
Business strategies exist at various organizational levels. The various types of business strategies highlighted in our strategy assignment help material are:
It considers the overall scope of business and purpose of operations in order to meet the expectations of internal and external stakeholders. This stage of business is highly influenced by the investors, hence considered crucial stage of strategy. Moreover, corporate strategy guidelines the complex decision making processes throughout the business. The mission statement of an organization is closely linked with the corporate strategy of business.
Get reasonably priced strategy assignment help at MyAssignmenthelp.com.
It refers to the strategic direction offered to the functioning or operational units of an organization. Operational strategy essentially emphasize on the flaws of people, production processes, resources used, quality control, inventory control etc.
Get fastest strategy assignment help here.
Business unit strategy
It determines the strategies adopted to deal with individual target market in the industry. This unit of strategy encompasses strategic decisions on products, exposure to new opportunities, meeting customer expectations, to gain competitive advantage over rivals etc.
Improve grades with strategy assignment help.
It refers to the strategies developed by teams or groups of employees working together to accomplish the business objectives. Each department or team in an organization has distinct set of strategies to carry out the operations allocated to them.
Enjoy strategy assignment help with 24 hours assistance.
Three models of strategy
Linear strategy model
Linear strategy refers to the planning, integrated decision making processes and actions taken to accomplish the feasible objectives of organizations. In these strategic actions, organizations modify their range of products and services with the changing needs of consumers. Strategic planning, formulation of strategies and strategy implementation are the three chief factors associated with the Linear model highlighted in our strategy assignment help material.
It refers to the development of strategies respective to the changing or latest interest of corporate culture. Strategies in interpretive model are developed to frame references so that the stakeholders can understand business scenario and industrial environment. Based on this strategy, the stakeholders are expected to produce constructive results for the organization. To be precise, interpretive strategy emphasizes more on the promotional activities to influence the buying decisions of customers rather implementing attractive features on the products. Strategy assignment help simplifies interpretive strategy.
This mode of strategy refers to the alignment of resources and capabilities with the industrial risks and opportunities by continuous assessment of external and internal business conditions. Strategy assignment help give prominence to these.
Environment analysis and making relevant changes to it is continuous and simultaneous operations in an adaptive strategy. Moreover, Strategy assignment help include adaptive strategy that is considered to be the overlapping cycles with the three chief phases in business i.e. the phase of engineering, entrepreneurial phase and stakeholders phase. A constant need of adaption minimizes the scope of strategy planning.
Get strategy assignment help on three famous models of strategy.
Five types of strategies development by Mintzberg
Renowned academic and author Henry Mintzberg successfully described the various viewpoints on strategy by analyzing the strategic processes. According to him, strategy is an impulsive domain depending on the situation or operations taking place.
Strategy is classified into five different types by Henry Mintzberg which is discussed in brief below. Our strategy assignment help primarily include the following.
1. Strategy as a plan
It is a planning concept in which a course of action is directed to accomplish pre-determined series of organizational objectives.
2. Strategy as a situation
It is a strategy determined by the external factors. On the basis of consumer and stakeholder’s approach, various brands, products and target market is located.
3. Strategy as a pattern
The strategy that is not preplanned, rather develop over time with experience. The pattern of strategy intended is different from the intended pattern and hence regarded as emergent strategy.
4. Strategy as a trick
This is a type of strategy developed to defeat the competitors
5. Strategy as a perspective
Strategy built in accordance to the theory and ideological perspective of business.
For more, check our strategy assignment help samples. Avail Strategy assignment help on all five types.
Overview of strategic planning
Strategic planning refers to the various processes undertaken by a business to accomplish the strategy. The processes include defining the strategy plan, directing programs and policies, making decisions and allocation of resources to execute the predefined strategy. Strategic planning encompasses the entire process of implementing input, synthesis and obtaining of output. A strategic planning involves feedback loops in every execution process. Students seeking strategy assignment help must include all-round planning.
The chief steps involved in strategic planning are:
- Formulation of actual strategy by strategic thinking
- Analysis of business environment and potential competitors within the industry
- Guiding principles to help organization accomplish its strategic intensions
- Chief initiative or implementation of actions plans to accommodate the guiding principles
These steps are primarily included in strategy assignment help.
Tools used in strategic planning
Strategic planning involves various analytical and tools to accomplish the desired organizational results. The wide-ranging strategic planning tools are described in details below and simplified in strategy assignment help.
This analysis is done to determine the organizational strengths and weaknesses in respect to the external threats and opportunities.
Strategy assignment help give prominence to SWOT analysis.
This analysis encompasses the various environmental factors such that have strong impact on the business performance. These environmental factors include political, economic, social and technological factors. This has been further expanded to environmental and legal factors highlighted in strategy assignment help
Porters Five Forces Model
This analytical model emphasizes on five chief factors: bargain power of suppliers, bargain power of customers, threat of new entrants in industry, threat of substitute products and potential competition within the market. Strategy assignment help emphasize on chief five factors.
This planning process is implemented to determine the future prospective of business. Strategy assignment help point up this factor.
Matrix of growth share
This analytical tool is used to decide possession of productive businesses and dismiss the non-profitable one. Growth share matrix is essential in Strategy assignment help.
Why students find it difficult to manage strategy assignments?
Strategy is a complex process of high-level planning meant to achieve organizational goals. Strong grasp on the multi-dimensional characteristics of strategy would help the students to frame their assignments efficiently. However, being a non-professional personality, majority of learners confuses the applications of situational strategies in accordance to the changing scenario of industries; hence need strategy assignment help. In addition to it, formulation and implementation are two distinct processes of strategic planning that students should consider while weaving their knowledge on business studies with that of the specified case study.
Needless to say, strategy assignments are an extremely time-consuming task for which majority of students fail in their deadline and seek strategy assignment help. Even if you manage to present the assignment on time, the quality of content will go below standard. The significant problem faced by students is the inadequate availability of resources that restrict the research work on strategy. The information given in journals and books are not apt to frame a proficient set of assignment leading them to appeal for strategy assignment help.
For strategy assignment help, trust MyAssignmenthelp.com.
How does MyAssignmenthelp.com facilitate students with strategy assignment help?
MyAssignmenthelp.com aims to optimize benefits to its clients by offering the best strategy assignment help in industry. We provide excellent online strategy assignment help on related disciplines and consider each of them as our potential wing. Assignments on strategy or any specialization of business studies is sincerely carried out by our efficient pool of writers having years of experience in practical industry. Our strategyassignment expertsare PhD professionals and well-versed with the multi-faceted construction of strategy and technically strong to implement it in right time at the right situation. Strategy assignment help is just a click away!
Any brainstorming subjects like strategy can be easily accomplished by MyAssignmenthelp.com which provides strategy assignment help. Moreover, MyAssignmenthelp.com not only assists the students with strategy assignment help but also upgrade their knowledge and learning abilities. Avail our hassle-free strategy assignment help services in three simple steps.
- Connect to our customer service executives and place your strategy assignment help
- Western Union, Bank Transfer, Paypal, Money Gram is some of our payment modes. Choose any of them as per your feasibility.
- A high-quality and plagiarism-free assignment is ready on time. Get strategy assignment help.
Rush! Avail strategy assignment help at the best price deal.