For this assignment, based on your Chapter readings for this module, create an essay discussing the following:
How is strategy formulation related to situational analysis?
How might a retrenchment strategy and a penetration strategy be linked together? What are some other logical combinations of strategies? How may a combination of strategies be related to vision?
Collect examples of mission, vision, and values statements from various health care organizations — be sure to include those that are for-profit, not-for-profit, public, and private. The Internet provides a useful tool for obtaining real-time examples to review and evaluate. Utilizing the criteria discussed in the textbook readings, determine the extent to which the actual statements apply the principles discussed. Identify the similarities and differences between “for-profit” and “not-for-profit” examples. Compare and contrast statements obtained from public and private health care organizations.
Work through Exhibit 6-4 (p. 210), “Strategic Thinking Map – Hierarchy of Strategic Decisions and Alternatives,” for an organization with which you are familiar. Practice selecting different alternatives under each strategy type.
Structure: Include a Title page in APA style.
References: Include at least two scholarly sources, in addition to the textbook and provided material.
Textbook: Ginter, P. M., Duncan, W. J., & Swayne, L. E. (2018). The Strategic Management of Health Care Organizations, 8th Edition. Hoboken, New Jersey: John Wiley & Sons, Inc.
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