Strategic Management Finals First part with its own Reference page Answer three questions from below. Your total submission should not exceed three pages. Please note you should use 1.5 spacing, 12-p

Strategic Management Finals

First part with its own Reference page

Answer three questions from below. Your total submission should not exceed three pages. Please note you should use 1.5 spacing, 12-point font and one inch margins on all borders.

Do not use any sources other than those that were assigned in class. Make sure you cite and reference your sources!

According to the text, "the expansion strategies specify entering or gaining access to a new market." Select an Expansion of Scope strategy. Define it and show how it can lead to recruiting and retaining additional customers. Select a Market Entry Strategy. Define and show how it is related to the Expansion of Scope Strategy you selected. How does the Market Entry Strategy refine and focus how the organization will recruit and retain additional customers?

When it comes to an organizations ability to successfully implement strategy," culture is king." The impact of culture on the successful implementation of strategy should not be underestimated. Define culture and explain why this statement is relevant.

Define positive sum competition and describe three characteristics of this form of organization that create value for the customer.

The Product Life Cycle does not help when evaluating potential strategies – do you agree or disagree with the statement – explain why.

Second part with its own reference page

How is the situational analysis related to the action plans presented in chapter 10?
What are the barriers to effective implementation of strategies/action plans?
Why do organizations need contingency plans when implementing its strategies?

Please write at least one (1) paragraph per question, no more than one page.

Textbook: Strategic Management of Health Care Organizations Eighth Edition Peter M. Ginter, W. Jack Duncan, Linda E. Swayme

COURSE MATERIALS

Recorded Lecture - Strategy Part 1 - Chapter 1,

Attached Files:

- Defining Strategy Part 1.mp3 (13.3 MB)

In addition to listening to this lecture and reading chapter 1, article identified in the syllabus as Porter 1 and Mintzberg. You can find the articles in the library, via a Google search, or you can purchase them from the Harvard Business school. The digital copy is only $3.

Please use the following links to YouTube:

This is a two minute video of Professor Michael Porter presenting some essential elements on strategy.

http://www.youtube.com/watch?v=4srFC0de4ww&playnext=1&list=PL288C3224441BDB6B&feature=results_main

http://www.youtube.com/watch?v=_NRWtd_SiU8&feature=related

The second is a video that features Professor Henry Mintzberg presenting elements of strategy that need to considered too.

Defining Strategy Part 2 - Chapter 1 = More on Operational Effectiveness

Attached Files:

- Defining Strategy Part 2.mp3 (15.54 MB)

Please use this link. It will present an article that should help you understand Porter's concept of operational effectiveness.

http://khn.org/news/hospitals-seeking-an-edge-turn-to-unlikely-adviser-a-car-maker/?utm_campaign=KHN%3A+Daily+Health+Policy+Report&utm_source=hs_email&utm_medium=email&utm_content=21083476&_hsenc=p2ANqtz-87fbO-sVmCiTN_Ia6uBrsx5mpXEolQCElohMxwPcZWTSkcD41R9kqDY8cJjPely6D4h7EXQ0W5v3rJvn1myuVqaP-0Ng&_hsmi=21083476

The Situational Analysis

Attached Files:

- The Situational Analysis.doc (43 KB)

Recorded Lecture - Chapters 2 & 3

Attached Files:

- External and Competitor Analysis.mp3 (7.213 MB)

In addition view the following You Tube Videos:

https://www.youtube.com/watch?v=H8_W8tAEsfQ - for Chapter 2

https://www.youtube.com/watch?v=e8MymzF6CPU - for Chapter 3

External Analysis - Supplemental Lecture

Attached Files:

- External Analysis Supplemental.mp3 (6.221 MB)

Five Forces - Sample Essay

Attached Files:

- Five forces Models.docx (17.984 KB)

Students often feel frustrated when it comes to writing. What does my instructor want? To address this issue, please see the attached sample essay related to the Five Forces Assignment. Notice the organization: clear topic sentences, support sentences that explain the topic sentence, very few commas and how both part of the assignment are addressed. Please use this as a model for your writing going forward

Recorded Lecture - The Internal Analysis - Chapter 4

Attached Files:

- Internal Environment.mp3 (12.123 MB)

This lecture covers the one component of the Situational Analysis - the internal analysis. This youtube video presents a component of the internal analysis -- the Value Chain

http://www.youtube.com/watch?v=3P92Enc06wc

Market Segmentation

Attached Files:

- More of Market Segmentation.doc (75.5 KB)

This is an addendum to chapter 4 of the text

More of Porter's Five Forces - pages 89 - 104

Attached Files:

- More on Porter's Fives Forces.doc (178.5 KB)

View the following videos on YouTube:

http://www.youtube.com/watch?v=5JjNUxxsDP0

http://www.youtube.com/watch?v=mYF2_FBCvXw

Recorded Lecture - Mission, Vision and Values

Attached Files:

- MVV and Strategies.mp3 (10.756 MB)

Mission, vision and values are important strategically - they can help our organization differentiate itself from the competition.

Chapters 6 & 7

Attached Files:

- Strategy Development Part 1.mp3 (14.385 MB)

This lecture presents Corporate Strategies. Read the following articles from The New York Times, found at: http://www.nytimes.com/2013/08/13/business/bigger-hospitals-may-lead-to-bigger-bills-for-patients.html?hp and

http://www.nytimes.com/2014/02/05/business/economy/health-law-goals-face-antitrust-hurdles.html?ribbon-ad-idx=4&rref=business&module=Ribbon&version=origin&region=Header&action=click&contentCollection=Business%20Day&pgtype=article (for this article cut and paste into your browser)

Strategy Selection Process Part II Chapters 6 & 7

Attached Files:

- Strategy Development Part 2.mp3 (9.53 MB)

Second Part that describes SBU and Operational Unit Strategies.

For chapter 7, read pages 245-252, 264 to the top of 269, 274-287

Value Adding Service Delivery Strategies - Porter's Values Base Competition

Attached Files:

- Value Based Competition Part One.mp3 (8.229 MB)
- Value Based Competition Part Two.mp3 (12.342 MB)

Read Chapter 8 in the text and spend a few extra moments on Value Based Competition, which appears in the text. This is an important new approach to competition and strategy in health care, one that is gain momentum in the field. Please read the articles identified on the syllabus as Porter 2 & 3. You can access the articles from the library, do a Google search or purchase them from the Harvard Business School the digital copy is only $3.

View one or both of these videos on YouTube

http://www.youtube.com/watch?v=KXecsdrQ-YI

http://www.youtube.com/watch?v=DRkhppxZzL0

Value Added Support Strategies

After you read Chapter 9, please view the following You Tube videos on the Culture of the Organization:

http://www.youtube.com/watch?v=HuwZLU5hITY

http://www.youtube.com/watch?v=kiFMJfrCO_0