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From the case study given in the picture below answer the following questions: 1. Should any resources from outside the finance organization be recruited to help identify and evaluate alternative strategies? Why or why not? 2. How should potential strategies for the finance organization be evaluated?

From the case study given in the picture below answer the following questions: 1. Should any resources from outside the finance organization be recruited to help identify and evaluate alternative strategies? Why or why not? 2. How should potential strategies for the finance organization be evaluated?

Database System Concepts
Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
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From the case study given in the picture below answer the following questions:

1. Should any resources from outside the finance organization be recruited to help identify and evaluate alternative strategies? Why or why not?

2. How should potential strategies for the finance organization be evaluated?

CASE: Strategic Planning at Johns Hopkins Medicine Johns Hopkins Medicine, with headquarters in Baltimore, Maryland, is a $7.7 billion global healthcare organization that operates 6 academic and community hospitals, along with 4 suburban healthcare and surgery centers, and 39 primary and specialty care outpatient sites. The organization strives to create a culture in which diversity, inclusion, civility, collegiality, and professionalism are championed through actions, incentives, and accountability. Johns Hopkins Medicine's mission, vision, core values, and objectives are presented in Table 1: Johns Hopkins Medicine mission, vision, values, and objectives Mission: To improve the health of the community and the world by setting the standard of excellence in medical education, research, and clinical care. Vision: Johns Hopkins Medicine pushes the boundaries of discovery, transforms health care, advances medical education, and creates hope for humanity. Together we will deliver the promise of medicine. Core Values: • Excellence and discovery • Leadership and integrity • Diversity and inclusion • Respect and collegiality Objectives: • Attract, engage, develop, and retain the world's best people. • Become the exemplar for biomedical research by advancing and integrating discovery, innovation, translation, and dissemination. • Be the national leader in the safety science, teaching, and provision of patient- and family-centered care. • Lead the world in the education and training of physicians and biomedical scientists. • Become the model for an academically based, integrated healthcare delivery and financing system. • Create sustainable financial success and implement continuous performance improvement. You are a member of a three-person team within the finance organization that is working under the direction of the CFO to define a set of strategies that will support Johns Hopkins Medicine's financial objectives and goals. The CFO has asked each member of the team to express his or her thoughts on two topics:
Transcribed Image Text:CASE: Strategic Planning at Johns Hopkins Medicine Johns Hopkins Medicine, with headquarters in Baltimore, Maryland, is a $7.7 billion global healthcare organization that operates 6 academic and community hospitals, along with 4 suburban healthcare and surgery centers, and 39 primary and specialty care outpatient sites. The organization strives to create a culture in which diversity, inclusion, civility, collegiality, and professionalism are championed through actions, incentives, and accountability. Johns Hopkins Medicine's mission, vision, core values, and objectives are presented in Table 1: Johns Hopkins Medicine mission, vision, values, and objectives Mission: To improve the health of the community and the world by setting the standard of excellence in medical education, research, and clinical care. Vision: Johns Hopkins Medicine pushes the boundaries of discovery, transforms health care, advances medical education, and creates hope for humanity. Together we will deliver the promise of medicine. Core Values: • Excellence and discovery • Leadership and integrity • Diversity and inclusion • Respect and collegiality Objectives: • Attract, engage, develop, and retain the world's best people. • Become the exemplar for biomedical research by advancing and integrating discovery, innovation, translation, and dissemination. • Be the national leader in the safety science, teaching, and provision of patient- and family-centered care. • Lead the world in the education and training of physicians and biomedical scientists. • Become the model for an academically based, integrated healthcare delivery and financing system. • Create sustainable financial success and implement continuous performance improvement. You are a member of a three-person team within the finance organization that is working under the direction of the CFO to define a set of strategies that will support Johns Hopkins Medicine's financial objectives and goals. The CFO has asked each member of the team to express his or her thoughts on two topics:
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