Strategic Management-HLT-4010-X023
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School
Meru University College of Science and Technology (MUCST) *
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Course
ACT 505
Subject
Health Science
Date
Nov 24, 2024
Type
docx
Pages
4
Uploaded by festoh
Week One – Strategic Management Fundamentals
In Week One we will explore the evolution of strategic management and the impact it has on managers in healthcare. We will examine the external environmental factors that impact healthcare organizations. Students will focus on the significance of and benefit of conducting an
environmental analysis. Students will differentiate between strategic management, strategic planning, and managing strategic momentum.
The following Student Learning Outcomes will be met this week:
●
Define and analyze the use of strategic management within a healthcare environment.
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Understand the difference between health policy and strategic management/planning.
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Define and apply various strategic management terminologies.
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Evaluate the differences between various levels of strategy within healthcare organizations.
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Define and analyze the use of environmental analysis and limitations of external environmental analysis within a healthcare environment.
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Identify and understand key terminology.
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Define and apply various techniques used in environmental analysis and the influence such techniques may have on a healthcare organization.
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Evaluate key external issues that pose many challenges for healthcare organizations as well as the healthcare industry.
READINGS/LECTURES:
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Chapter 1: The Nature of Strategic Management
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Chapter 2: Understanding and Analyzing the General Environment and the Health Care Environment
The Midwestern Medical Groups_s Integration Journey.pdf
The Midwestern Medical Groups_s Integration Journey.pdf - Alternative Formats
ASSIGNMENTS:
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1.0 Getting to Know You
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1.1 Week One Devotional
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1.2 Week One Discussion
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1.3 Week One Case Study Analysis
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1.4 Week One Quiz
Week Two- Environmental Analysis in the Healthcare Setting
In Week Two we will examine the purpose of conducting a service area competitor analysis. Further analysis entails identifying factors that healthcare organizations may utilize to maintain a
competitive advantage within the healthcare market/industry.
The following Student Learning Outcomes will be met this week:
●
Understand the purpose and significance of a service area competitor analysis within a healthcare organization.
●
Identify various forces that drive service area competition.
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Assess the level of influence and roles of customers/patients within the healthcare industry and their impact on the organization.
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Identify and analyze the strengths and weaknesses of healthcare organizations and their influence on potential competitive advantages within the healthcare industry.
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Define and apply various resources, competencies, and capabilities healthcare organizations may
deploy to improve overall operations within a healthcare setting thus yielding desirable outcomes.
●
Differentiate between environmental analysis and a service competitor analysis.
READINGS/LECTURES:
●
Chapter 3: Service Area Competitor Analysis
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Chapter 4: Internal Environmental and Competitive Advantage
Case 3 Community Centers of the Carolinas-Donations.pdf
Case 3 Community Centers of the Carolinas-Donations.pdf - Alternative Formats
Executive_Report___Top_Priorities_2023_2024.649f0b9945251.pdf
Executive_Report___Top_Priorities_2023_2024.649f0b9945251.pdf - Alternative Formats
ASSIGNMENTS:
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2.1 Week Two Devotion
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2.2 Week Two Discussion
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2.3 Week Two Assignment-Case Study
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2.4 Week Two Quiz
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2.5 Healthcare Group Project- Proposed Topic
Week Three- Directional Strategies and Strategic Alternatives
In Week Three we will focus on organizational mission, vision, value, and goal statements. An in-depth review of each of these statements guides healthcare managers in strategic planning, decision making, and establishing operational objectives for healthcare organizations. The following Student Learning Outcomes will be met this week:
1.
Define and apply the roles and significance of directional strategies within the healthcare
organization.
2.
Understand the components of the strategy formulation process.
3.
Identify relationships between healthcare performance and health organization’s mission, vision, values, and goal statements.
4.
Differentiate between strategy formulation and situational analysis.
READINGS/LECTURES:
●
Chapter 5: Directional Strategies
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Chapter 6: Developing Strategic Alternatives
ASSIGNMENTS:
●
3.1 Week Three Devotion
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3.2 Week Three Discussion
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3.3 Week Three Assignment Mission, Values, Vision Analysis
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3.4 Week Three Quiz
Week Four- Evaluation of Alternatives and Strategic Choices and Value-Adding Service Delivery Strategies
In Week Four we will evaluate strategic alternatives and determine whether they are appropriate
for the healthcare organization. We will discuss the logic involved in developing implementation
strategies for the healthcare organization.
The following Student Learning Outcomes will be met this week:
1.
Identify strategic alternatives available to healthcare organizations.
2.
Discuss and evaluate appropriate adaptive strategic alternatives for a healthcare organization.
3.
Determine whether selected strategies are consistent and coordinated and if they are a good fit.
READINGS/LECTURES:
●
Chapter 7: Evaluation of Alternatives and Strategic Choice
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Chapter 8: Value-Adding Service Delivery Strategies
ASSIGNMENTS:
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4.1 Week Four Devotion
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4.2 Week Four Discussion
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4.3 Value Chain in Healthcare Presentation
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4.4 Value Chain in Healthcare Paper
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4.5 Week Four Quiz
Week Five-Value-Adding Support Strategy Evaluation, Communication Strategy, and Action Plan Development
In Week Five we will evaluate value-adding support strategies and the prospect of communicating strategy and developing action plans.
The following Student Learning Outcomes will be met this week:
1.
Understand and appreciate the importance of value-adding strategies to ensure that the healthcare organization is directed toward achieving the mission, vision, and goals that have been set for the organization.
2.
Understand that culture structure, and strategic resources must be linked to directional, adaptive, market entry, competitive strategies, and value-adding delivery strategies.
3.
List and describe the function of each component of the action plan.
4.
List obstacles that healthcare organizations may face when implementing strategies.
5.
Describe why contingency planning is needed in the healthcare organization.
READINGS/LECTURES:
●
Chapter 9: Value-Adding Support Strategies
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Chapter 10: Communicating the Strategy and Developing Action Plans
Case 20 Emergency Care Group.pdf
Case 20 Emergency Care Group.pdf - Alternative Formats
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ASSIGNMENTS:
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5.1 Week Five Devotion
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5.2 Week Five Discussion
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5.3 Week Five Case Study Analysis #17
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5.4 Week Five Quiz
Week Six- Wrap-Up of Healthcare Strategy Course
This week, we wrap up HLT 4010 Healthcare
Strategy. This material will be covered through assigned readings, discussion questions, the weekly quiz, and the assigned case study analysis. The following Student Learning Outcomes will be met this week:
●
Submit Group project paper.
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Submit team PowerPoint
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Submit individual Panopto Presentations of Team PowerPoint.
READINGS/LECTURES:
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No Reading Assignments
ASSIGNMENTS:
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6.1 Week Six Devotion
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6.2 Week Six Discussion
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6.3 Healthcare Group Project Presentation (Slides and Panopto Video Recording)
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6.4 Healthcare Group Project Final Paper
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6.5 Healthcare Group Project Evaluation
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6.6 End of Course Survey