...may also not spread such infection from one patient to another. Since I read the case study: Decision Making Based on Mission and Vision of an Organization I will discuss in this paper the best solution on correcting the problem with Community Medical Center. I will go over the best mission or vision that is best suited for the business. A mission or vision is very important to a business. This is a good way to keep communication strong between the staff of the business. According to Johnson (2009), “Communication is critical for successful health outcomes; communication is the vital process that links consumers of care and providers of care” (p.226). In order for the president to come up with the best decision to communicate with all the staff he must have a clear vision to stand by in order to handle the issue at hand. Mission or Vision Statement Mission statements are an integral part of the strategic planning and implementation process that can provide direction to choices in strategic direction (Sattari, Pitt, & Caruana, 2011). The mission statement for Community Medical Center states: The mission of Community Medical Center is to improve the health of our community by providing high quality, caring, culturally appropriate primary health care that addresses the needs of people. In order to accomplish this mission in a way that is consistent with the values of the organization, programs and policies must be established. Medical Center is committed to maintaining and...
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...studies started in the 1950s and 1960s and then evolved along the way to today. Strategic management just refers to the fact that an organization is working with clearly stated strategies to meet its vision. The strategies have changed from the 1970s to now. In 1970s strategic management was mostly centred on the ideas of size, growth and portfolio. This means managers saw the need to seek growth through size and increased portfolio. By portfolio we mean different investment opportunities or diversification. In the 1970s there was emphasis on market growth strategies. The main emphasis was on extending the markets as a means of harnessing more profits. By this time firms were market oriented. Their strategies were to control as much market as possible. Impact of market shares has led to the concept of increased profit based on reaching as many people as possible. There was the need to craft strategies that affected the entire organization not sub units. The need for overall company orientation was important. Strategic planning has changed a bit from that time. The focus has changed. The earlier focus was on growth and market share. Now the focus is on an efficient organization that has greater coordination and viability. The strategies have changed. Companies are no longer market oriented as before. Their focus is now on the overall organization. Departments can have their own strategies. In the 1970s only a centralized strategy was required. There are things that have remained...
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...Bus/475 Samuel E. Dorville Samuel Dorville Mission: We sincerely believe in ensuring world-class personal gain with support through added value overcoming all obstacles. The three keywords mission, vision and value hold significant importance in the success of a company. No organization can move without having a proper integration of these three essential elements in its business. The selected business for this paper is an organization “Switcharoo’s” which is a web based provider that gives allows recently married, divorced, and everyday people change and/or update their personal information from state drivers licenses to the names on your social security cards. The company can cater to an assortment of request no matter how intrique they may be along with a clear vision and mission. As a nationwide web based service provider , Switcharoo’s will work in conjucntion with many entities both in private, federal, state, and local municpalities in the swift transition of name changes that are associated with marriage and/or seperation. Switcharoos offers unique services that are closely associated with the lifestyle change of the union of marriage. The organization knows how stressful this transition can be let alone without the proper guidance it may at times be mindboggling. Many newlyweds do not have the time nor the patience to get their document in order, thus is where Switcharoo’s come in to play where the organization helps simplify the process. The main USP of the...
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...is the process by which capital investment decisions are made. Capital can be described as an organization’s operating assets (Diamond, Hanson &, Murphy, 1994). The capital budgeting process includes "planning, setting goals and priorities, arranging financing, and identifying criteria for making long-term investments" (Diamond et al., 1994, p. 463). Previously, capital budgets were known as plant and equipment budgets (Berman, Kukla &, Weeks, 1994). As the previous term implies, most capital expenditures are long-term investments for plant or equipment investments. Most, if not all, organizations have limited financial resources and must decide how to invest the financial resources for the best advantage of the organization. Capital investment decisions have a significant impact on the organization since large amounts of the organization’s resources are at risk for extended periods of time. This makes capital budgeting one of the most important decision making opportunities an organization can undertake (Diamond et al., 1994). There are two basic types of capital budgeting projects, independent projects and mutually exclusive projects. The independent project does not affect the cash flow of other projects. That is, regardless of whether the project is accepted or rejected it will have no effect on any other specific project. Mutually exclusive projects, on the other hand, do have effects on other projects. An organization may have to choose from several alternatives...
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...Ques:1 Vision and mission statements provide information about the organization? What are they? How should they be developed and used? Ans: The term “strategic planning” is defined as process of an organization that clearly defines its strategy, or direction and making decisions on allocating its resources for proper planning. These two statements Mission statement and Vision statement clearly and concisely convey the direction of the organization. The Mission statement identifies a starting point or current state of business, but a Vision statement is necessary to determine what direction should be pursued. These help to communicate intentions and motivate team or organization to have a successful and common vision of the future. Mission statement: its development and use:- It defines the purpose of the organization and their primary objectives. The main functional point is internal and there is an involvement of leadership team and stakeholders. A perfect mission statement should determine why organization exists and what will achieve in future. Every organization has its own unique Mission statement. It should be easy to understand and should be simple so that every new employee could use it frequently. Generally mission statement of organization answer keys questions: * Purpose of the organization * Business of the organization * The value of organization Vision statement: its development and use:- It also defines the purpose of an organization but at the...
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...Long Term Care: A Directional Strategies Report for Interim Healthcare, Inc. Group 6: Jessica Aho, Roger Brenz, Dale Bunton, Kadigah Chess MHA5010 Strategic Health Care Planning Instructor: Matthew Brooks Abstract This document will explore the directional strategies of Interim HealthCare Inc., a long term care facility located in Sunrise, Florida. Our team will analyze the existing stated directional strategies (mission, vision, values, and ethics statement) given by Interim HealthCare and then will offer suggestions of improvement to ensure a foundation necessary for the current strategies of the organization. Long Term Care: A Directional Strategies Report for Interim Healthcare, Inc. Introduction Interim HealthCare, based in Sunrise, Florida, was founded in 1966 and is currently the nation’s oldest proprietary national organization. There are over 300 independently own franchises which employ more than 75,000 health care workers that services approximately 50,000 people daily. Interim HealthCare offers both home care and home health care services to a variety of settings including hospitals, nursing homes, physician offices, prisons, schools, and clinics. In addition, Interim HealthCare also offers hospice services for terminally ill patients in their last months of life to provide the highest degree of comfort and dignity possible using state-of-the-art symptom management for quality care. With the growing need for qualified supplemental health care staff...
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...Building an Ethical Organization Cheryl A. Boyd HSM230 September 23, 2012 Jennifer McNaught Building an Ethical Organization Today it is more important than ever for an organization to be seen as an honest and ethical organization. There is a long list of organizations that make the list of unethical organizations. Companies that abuse the public trust and are perceived to be abusive to clients, are dishonest, and give poor service make the list of unethical organizations. We have all seen the reports on the banks and scandals like Enron. We see daily the retail stores singled out or being sued for the mistreatment of employees. The list of ethical organizations is a much shorter list. This list is made up heavily of nonprofits such as the Salvation Army, Red Cross and the Susan G. Komen Foundations. What makes an ethical organization? “Many business experts treat ethics like a sermon on the mount. Although it is hard not to preach a bit when it comes to ethics. It’s interesting to consider how good ethical behavior is why the great companies are just that “(Mathews, 2012, pp. 1). There is a large movement today for organizations to be seen as an ethical organization. While it is possible for existing organizations to be fixed, it is best for a company to start out on a solid ethical foundation. “There are eight elements that comprise the ethical bedrock of an awesome organization. These elements are respect, honor, integrity, customer focus, results-oriented...
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...discussion will be conducted on irrational and rational decision making. The terms will be defined and an explanation will be given on how organizational culture impacts a leader’s psychological processes when attempting to diagnose organizational problems. An organization problem will be identified and discussed in related to differences in cultural perspective. A description of the issue and the cultural perspectives that have caused tension will be addressed. Based on the research a recommendation will be given on how leader’s individual organizational members give voice to their cultural perspectives in a way that helps the leader make better decisions to achieve organizational mission and vision. An explanation of the recommendations and action steps that will help leaders make higher quality decisions based on what was discussed will be given. Robbin and Judge discusses the rational decision making model that should be followed to make sound decisions, but has found out the model is not followed by leaders. Robbin and Judge (2011) state “rational decision making model relies on a number of assumptions, including that the decision maker has complete information, is able to identify all the relevant options in a unbiased manner, and chooses the option with the highest utility (p. 178).” “Irrational decision making is without the faculty of reason; deprived of reason (Dictionary, 2011, par. 1).” Irrational decision making is usually deprived of emotion. Robbin and Judge (2011)...
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...Introduction A Vision statement outlines what the organization wants to be, or how it wants the world in which it operates to be. It concentrates on the future. It is a source of inspiration. It provides clear decision-making criteria. Vision is the image of the future we seek to create. A mission statement is a statement of the purpose of a company or organization. The mission statement should guide the actions of the organization, spell out its overall goal, provide a path, and guide decision-making. It provides "the framework or context within which the company's strategies are formulated. Strategy statement is a general direction set for the company and its various components to achieve a desired state. A strategy statement is all about integrating organizational activities and utilizing and allocating the scarce resources within the organizational environment so as to meet the present objectives. Statements McDonald's Corporation is the world's largest chain of hamburger fast food restaurants, serving around 64 million customers daily in 119 countries. Headquartered in the United States, the company began in 1940 as a barbecue restaurant operated by Richard and Maurice McDonald; in 1948 they reorganized their business as a hamburger stand using production line principles. Businessman Ray Kroc joined the company as a franchise agent in 1955. He subsequently purchased the chain from the McDonald brothers and oversaw its worldwide growth. A McDonald's restaurant...
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...advantage), or deliver benefits that exceed those of competing products (differentiation advantage). Thus, a competitive advantage enables the firm to create superior value for its customers and superior profits for itself. Cost and differentiation advantages are known as positional advantages since they describe the firm's position in the industry as a leader in either cost or differentiation. A resource-based view emphasizes that a firm utilizes its resources and capabilities to create a competitive advantage that ultimately results in superior value creation. The following diagram combines the resource-based and positioning views to illustrate the concept of competitive advantage: A Model of Competitive Advantage Resources | | | | | | Distinctive Competencies | | | Cost Advantage or Differentiation Advantage | | | Value Creation | | Capabilities | | | | | | Resource : http://www.quickmba.com 2- Strategists Strategists are individuals who are most responsible for the success or failure of an organization. Strategists are individuals who form strategies. Strategists have various job titles, such as chief executive officer, president, and owner, chair of the board, executive director, chancellor, dean, or entrepreneur. Strategists help...
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...Leadership is a process by which a person influences others to accomplish an objective and directs the organization in a way that makes it more cohesive and coherent. This definition is similar to Northouse's definition — Leadership is a process whereby an individual influences a group of individuals to achieve a common goal. There is a great quote from Warren Buffett on role of leadership in determining business performance: “Invest in businesses that any idiot can run - because sooner or later, one will” - suggesting that the reputations of business leaders are mainly based on the quality of the businesses they end up running rather than their personal characteristics. However, not everyone agrees with that perspective. Effective leadership helps our nation through times of peril. It makes a business organization successful. It enables a not-for-profit organization to fulfill its mission. The effective leadership of parents enables children to grow strong and healthy and become productive adults. The absence of leadership is equally dramatic in its effects. Without leadership, organizations move too slowly, stagnate, and lose their way. Much of the literature about organizations stresses decision-making and implies that if decision-making is timely, complete, and correct, then things will go well. Yet a decision by itself changes nothing. After a decision is made, an organization faces the problem of implementation—how to get things done in a timely and effective way. Problems...
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...Semester III UNIT – I STRATEGY AND PROCESS |Conceptual Framework for Strategic Management – Concept of Strategy and Strategy Formation Process – Stakeholders in Business – Vision, | |Mission and Purpose – Business Definition – Objectives and Goals – Corporate Governance – Social Responsibility | CONCEPTUAL FRAMEWORK FOR STRATEGIC MANAGEMENT Strategic management deals with decision making and actions which determine an enterprise’s ability to excel survive or die by making the best use of a firm’s resources in a dynamic environment. The main purpose of study of strategic management is to examine why some organization succeed while others fail and yet others completely change. Consider the following examples: ➢ Bharat Heavy Electricals Ltd. (BHEL) is now planning to expand its range to 800 MW supercritical power projects. ➢ LG Electronics India Ltd. (LGEIL) signed a MOU with Maharashtra government to expand manufacturing facility at Pune for Rs.900 crores. ➢ GAIL India has received an offer from China Gas Holdings for participation in a gas based petrochemical project to be set at Humor in Mangolia. ➢ The world’s largest steel conglomerate Mittal Steel Company is to become the second largest stakeholder in a Chinese Steel firm in Hunan Province. ➢ Mittal singed three MOUs with Jharkhand Government for setting up 12 million tonne Greenfield project in two phases. ➢ Maruthi Udyog slashed the price of Maruti-800 by...
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...MANAGING INFORMATION SYSTEMS: A PRACTICAL ASSESSMENT TOOL Preview Version February 1999 By the Information Technology Resources Board www.itrb.gov FOREWORD The Information Technology Resources Board (ITRB) is pleased to issue Managing Information Systems: A Practical Assessment Tool. This instrument is designed to assist Federal agencies in understanding how to strategically apply information technology to achieve their missions and deliver services and products. The Assessment Tool contains a broad array of questions in nine areas from which to evaluate information technology systems: mission and vision, customers, business focus, executive direction, capital planning, project management, performance management, acquisition, and architecture. These questions reflect the ITRB members' extensive on-the-job experiences, as well as insights gained from assessments of critical information systems across the Federal government during the past several years. This is a preview version of the Assessment Tool, which will continue to be enhanced over time. Comments or suggestions for improving it should be sent to: Ginni Schaeffer Interagency IT Strategies Division 1800 F Street N.W. Room 2227 Washington, DC 20405 Additional information on the ITRB is available at www.itrb.gov Arnold Bresnick Chair Information Technology Resources Board ACKNOWLEDGEMENTS Information Technology Resources Board (ITRB) ...
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...------------------------------------------------- M.PHIL (Semester 2) ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- MINHAJ UNIVERSITY LAHORE ------------------------------------------------- STRATEGIC MANAGEMENT DEFINATION: “Strategic management can be defined as the art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives”. As the definition implies, strategic management focuses on integrating management, marketing, finance/accounting, production/operation, research and development, information system to achieve organizational success. STAGES OF STRATEGIC MANAGEMENT: The strategic management process consists of three stages: STAGE 1: Strategy Formulation: “Strategy formulation includes developing a vision and mission, identifying organization’s external opportunities and threats, determining internal strengths and weaknesses, establishing long term objectives,...
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...Conceptualizing a Business Throughout this paper, a vision for an organization that demonstrates a decision on what is wanted in the future will be created. I will define the guiding principles or values for the selected business considering the topics of culture, social responsibility, and ethics. I will analyze how the vision, mission, and values guide the organization’s strategic direction. I will also evaluate how the organization addresses customer needs and critique how they achieve competitive advantage. Strategic Plan, Part 1: Conceptualizing a Business It is imperative to comprise a Strategic Plan to ensure that the business is successful. Astrategic business plan facilitates the company to characterize its mission and vision, giving the company a sense of purpose and direction that sets them apart from competitors (Pearce & Robinson, 2009). A mission statement also discusses the product or services conducted by the company (Pearce & Robinson, 2009). Instituting a firm mission and vision statement without a doubt represents to prospective and current patrons the company’s core values and its strategy for the future. Discussed in this paper will be the mission and vision statements and the values of the Red Dawg Range based in Pine Mountain Georgia. This paper will address the company and how each of the factors help to determine the company’s strategic direction. Define the Business, Product and Mission Statement Red Dawg Range is a indoor/outdoor...
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