Strategic Management of Healthcare Essay

Strategic Management of Healthcare

When the Organization Uses Adaptive Strategies as Opposed to The Market Entry Strategies

When The Business Environment Is Hard to Predict

Adaptive strategies are used when the business environment is volatile, difficult to predict, and when gains are short-lived. Continuous changes in technologies, levels of competition, volatility in demand, customer needs, or industry structure are signs t…………d awareness in emerging markets.

Adaptive strategies aim at watching and responding to changes likely to affect business operations and profitability. Therefore, the strategies set must remain adaptive to the prevailing environmental conditions and must lead to the accomplishme………ious means that an organization plans to use (Hart & Mas-Colell, 2013).

When there are Market and Demand Volatility

Competitiveness of an organization is defined by an organization’s ability to adapt to changes in the industry. An organization’s strategic direction depends on management’s a……r needs relative to the high level of competition.

From a general perspective, an organization would primarily assume that a strategy only remains objec……..t help to meet customer needs and production demand for the business to remain competitive and going concern (Hart & Mas-Colell, 2013).

Viability of Adaptive Strategies

When can an organization utilize these adaptive strategies? Considering the continuous change in busi………..ies when it comes to operations and maintenance of various functions in the organization (Hill et al., 2014).

Due to the drastic environmental changes and stiff competition that exists in management, adaptiv………….amism in the organization.  

How an Organization Assesses the Effectiveness of its Strategic Plan

            Developing Measurable Strategies

                In ensuring that the management accomplishes the set objectives, they must come up with specifi…………actice is achieved by requesting customers to rate their satisfaction with a service, product, or experience.

Monitoring the effectiveness of an organization’s strategy also requires the management to use quantifiable measures (Hill et al., 2014). For instance, an organization can seek to i…………uantitative measures that the management can us include sales volume, an increase or decrease in a number of customer complaints as well as a…………..

When the actual results show a lag in performance when compared to the forecasted outcome, the management must respond accordingly to determine the cause as we……………..aluating the strategies in place allows the organization develop a viable and a much effective approach.

Reviewing Effectiveness of a Strategy Based on its Objectives

Qualitative approaches to assessing a current health care strategy may choose to refer the planners back to the objectives of a strategy (Hart & Mas-Colell, 2013). This m………………..ed to a failure.

The outcomes of a strategy may be below the expectations especially when an implementation fails or bec……………gic team can assess whether they should institute a strategic plan or proceed with a plan that has integrated changes to avoid previous mistakes.