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Formulation and implementation of strategy
• What aspects of culture should be given consideration in the health care industry
Challenges of strategy implementation
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2.0 Corporate Readiness
According to (Zou, Kim and Cavusgil, 2009) corporate readiness is the process of understanding firm’s internal strength and weakness to recommend a framework to support strategic decision making. It is a tool to support decision making. Corporate readiness is applicable for firms which are aspiring to go international from the domestic market. Before deciding to go international every organisation should be well aware of their current market position. 2.1 Corporate Readiness Audit
To understand if the business is ready to achieve their ambition of international expansion or export product or service abroad, the management should understand if they have ability to achieve it. In case of Softlogic, they should understand
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Every organisation including small organisations can go into a situation of unmanageable or hard to manage at times. McKinsey model will help the leaders to find out the reason and sort out the problem to make the organizing easier in the firm.
According to McKinsey model, there are two main elements. They are hard elements and soft elements. Hard elements can be quantified and easier to understand. Soft elements are difficulty to quantify and difficulty to define. They are not very important but certainly not unimportant too. A good leader gives equal importance the soft as well as hard elements. Using McKinsey model helps to align the organisation towards the achievement of the objectives of an organisation.
Figure: 1
Hard Elements
Structure means organisation structure; this can be visualized by a manager or owner to identify any kind of rearrangement.
Strategies are the plans to achieve future
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Asiri can take the service of a HR consultant company from the host country to set the corporate culture in the new health care assets.
depending on the host country
Staff Highly qualified, dedicated, experienced and well-motivated professionals are taking care of our patients The qualification of the staff needs to be according to the standard of the host country or as per the standards set by the industry in the host country. depending on the host country
Skills 30 Years of experience in health care industry with Cutting edge technology medical equipment’s are used with most stringed international certifications Best health care practitioners from the host country. Latest equipment’s for diagnosis and treatment depending on the host country
Shared Values Best health care in the country should be experienced by a patient comes to the hospital The best care is expected by every patient and their by standers. depending on the host country
External Audit
A PESTLE analysis of the host country market should be conducted before Asiri decides to go international. PESTLE helps to understand the present market condition of the host markt.
2.2 Level of
The success of a company all falls on the shoulders of good management. If you have great management the company will run very smoothly. There are so many things that take place when you have good management. It encourages initiative, encourages innovation, helps with growth and expansion, improves the life of workers, motivates employees and much more. Without good management there would be no success.
To ensure all the employees are competent, they need to develop a system to measure this competency. For example, they can do assessments to gauge competency. Besides that, they should provide compulsory and supplementary training to their employees to add in value and skills. Mentoring systems also can be implemented to ensure sharing of knowledge and experiences.
Scientific management was proposed by Frederick Taylor who believed that worker “could be retooled like machines, their physical and mental gears calibrated for better productivity.” In others words if a company develop a standard method for performing each job, train workers on those methods, and plan their work for them then production would be more efficient and effective. This perspective explains why McDonald 's employees are like robots. Everything is timed from start to finish in order to provide faster service. Max Weber 's hierarchical structure or bureaucratic organizations approach can be seen in McDonald 's structure. This perspective states that advancement in the company is not based on who you know but on what you know. There are certain positions established that people usually have to work from the bottom in order to prove that they have to the skills in order to move to a higher position. The administrative principles by Henri Fayol focuses on Unity of work, division of work, Unity of direction, and scalar chain. This perspective also apply to McDonald 's because usually there is only one manager on duty for the day. Since McDonald 's has implemented all three principles into the organization has this led to the success of the company. If not , then
...choices for executives, and gaining rapport with local suppliers, the corporation stands a good chance of achieving success in their foreign expansion.
Banner health care is well established and successful organization in the area of health care industry. The organization has been using qualified employees and actively providing them training to the new employees for quality improvement. In addition, use of new technology and innovation is the part of quality improvemet in banner health care. Banner health care is committed to provide a reliable research based skills to the employees through the training and simulation program where employees can update their knowledge and skills based on scientific research (Bannerhealthcare,
In this essay I will be discussing and critically analysing each element of the PESTLE analysis within the hospitality industry, with examples to reflect each point. Also this essay will discuss how marketers should adapt to changes in the macro-environment. The PESTLE analysis is a marketing principle used to understand the relation between a company and the external environment. Murray-Webster (2010:88) states PESTLE analysis will help to capture understanding about aspects of the context by using the prompt political, economic, sociological, technological, legal and environment.
A good performance is always attributed to the planning strategy that a company has. The following are therefore four factors that affect the planning and performance of the company. Management A company that is well managed is successful in most of its activities. Management is said to be the planning and organizing. This is so because good leadership skills oversee the general working of every unit in the organization.
Rahman, S. H. (2006). International Market Selection Process: An Investigation of the Relevance of Business Operating Environment. Journal of International Business Research, 5(1), 73-86.
PESTLE analysis is a simple but important and widely-used tool that helps to understand the big picture of the Political, Economic, Socio-Cultural and Technological environment a business is operating in. There are many templates available online for businesses to assist them when using the PESTLE analysis. Creately notes that while the external factors are looked at closely during PESTLE there are no internal evaluations carried out. Therefore, it is a good idea to carry out both SWOT and PESTLE to help provide the business with the best
A successful management theory is very important for a company, but not every leaders have the perfect leadership and management approach. According to McLaurin
If a company has set its objectives there is need to look into the following. Which countries are their target market and who are the consumers and how or which marketing strategy should they use to reach the consumers. The company needs to know what products are best for their chosen customers and if there may arise a need to adjust the company should be ready for it. The other thing they should consider are the import regulations in their country, market and the global rules also should focus on the competition involved looking...
Everyone country has success or strengths within its health care system. These strengths have helped revolutionize the country’s health care system into what it is today.
Planning and organizing is another vital quality needed for managers. If manager can do effective planning he can really contribute in the long term progress and development of his organization. Proper planning helps in useful and efficient use of the existing resources of the organization. After planning if you are not able to organize the things, this can really worsen your planning.
In order for any company to succeed there are a lot of things that require to be done. Looking at McDonalds’s, you will realize that the management has put a lot efforts to ensure that the company has incorporated managerial economics in its operation. This is one of the reasons why the company has attained great success that most other companies have not been able to. There are different topics within a company that can determine how managerial economics is incorporated in a company. Spear Company limited is a company that deals with production of clothes and it has been operation since 1990. The company has borrowed a lot of its managerial issues from McDonalds’s. To bring this issues well let us look at how the company
Bad leadership, especially when a top-down approach is used (14) limits the success of KM as employees proceed to follow examples given by authority figures. (100)(2001) explored HS(in full) found that KM was successful when 'instead of a top-down approach of policy making, the management adopted a middle-up-down approach '. However, it was later found that consistent effective management is key to maintain successful KM. (100) found a Lack of clear structure when implementing KM can translate to a lack of confidence from employees in management can lead to failure with employees viewing it as a 'temporary fad