At the end of your previous course, DDBA 8161, you submitted a draft Problem Statement. As you will recall, it is critical that you ensure your problem statement is business focused. It must not repre

Problem Statement

The Hook

The key to improve market efficiency and products and profitability in a company is innovation. According to Brooks (2012), 35% of CFO lack of innovation is one of the major barriers to organizational success.

The Anchor

Many small healthcare organizations are lacking in innovative ideas and are not taking advantage of technological advances that can help them to improve their products qualities and services. Lack of innovation creates miscommunication that results in about 80 percent of medical errors (Brooks, 2012).

The General Business Problem

Growth and profitability of small healthcare companies are being affected by lack of innovations thus creating decrease in growth and improvement profitability of these companies.

Specific Business Problem

Middle and top managers in small healthcare companies lack the tools and strategies to make innovative change in order to make profit and grow thus adding value to the good and services render to general public is the specific business problem statement.

Exploiting various tools and strategies that middle and tope managers of these small healthcare organizations can use to improve their growth and profitability is the purpose of this study.

References

Brooks, F. (2012). Why We Need Health-Care Business Innovation More Than Ever. Fast Company, Retrieved from http://www.fastcompany.com/3019042/leadership-now/why-we-need-healthcare-business-innovation-more-than-ever

Brooks, C. (2012). Bureaucracy and Lack of Innovation Holding Businesses Back. Business News Daily, Retrieved from http://www.businessnewsdaily.com/2309-bureaucracy-lack-innovation-holding-businesses.html

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1 day ago Jennifer Brito

RE: Discussion - Week 4

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Hi Theresa, the topic of innovation is interesting, however, the problem statement is too long and should be less than 150 words. The hook and anchor need work. I suggest that you review The Doctoral Business Statement pdf that is located in the resources section in Week 4. Also, I think you need to see the video from Dr. Reggie Taylor also found in the resources section in Week 4.

The words general business problem and specific business problem need to be stated within the problem statement. The sources used for the citations are considered old by Walden standards. It should be within the last 5 years.

I hope this helps.

Reference

Laureate Education (Producer). (2016a). The doctoral business problem statement [Video file]. Baltimore, MD: Author.

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1 day ago Access the profile card for user: PAMELA MANUEL PAMELA MANUEL

RE: Discussion - Week 4

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Theresa,

I think you are on your way to having a great doctoral study. The two main issues I found with your post were that you did not present both a qualitative and quantitative problem statement per the assignment instructions and the age of your cited resources. Per Walden(2016a) standards, material used in your doctoral study should have been published in the last five years. Additionally, your problem statement exceeded the suggested length.

Reference

Laureate Education (Producer). (2016a). The doctoral business problem statement [Video file]. Baltimore, MD: Author

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11 hours ago Access the profile card for user: Gergana Velkova Gergana Velkova WALDEN INSTRUCTOR MANAGER

RE: Discussion - Week 4

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Dear Theresa,

Thank you for sharing your drafts with us! You will need to replace the 2012 sources with newer, more recent journal papers. I also see that you are focusing on many problems at the same time such as profitability, innovation, market efficiency products, organizational success, technological advances, medical errors. You need to choose a problem and then tell the reader how or why it is a problem. If you look at the example below, the key problem in the first sentence/hook is turnover. In the anchor, we show the extent of the problem – turnover - or how big the problem is. The turnover rate in the hospitality industry range from 31% to 58.8%.

Hook

Anchor

GBP

SBP

Employee turnover affects organizations’ cost (Wang, Wang, Xu, & Ji, 2014), and the cost may reach 100% of an employee’s yearly wage (Inabinett & Ballaro, 2014). The turnover rates in the hospitality industry range from 31% to 58.8% (Dusek, Ruppel, Yurova, & Clarke, 2014). The general business problem is that employee turnover has a negative effect on organizational profits. The specific business problem is some resorts’ leaders lack strategies for reducing front-line employee turnover.

See Problem Statement Video Tutorial at: http://youtu.be/IYWzCYyrgpo.

I think that medical errors is an interesting topic and one healthcare executives want to do something about it. That affects profitability because of the consequences of errors. At the same time, the quality of products and lack of new innovative products contributes to those. I see your point. You just need to work a little more on the problem statement :)

You will do grat!

Best,

Dr. Velkova

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