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Essence of strategic planning
Importance of strategic decision making
Importance of strategic decision making
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1. Describe the hierarchy levels of strategy for asdith health services. Strategy can be formulated in three levels: 1) Corporate level: This level is concerned with the overall scope of an organisation. It includes Executive directors such as medical/Surgical/Allied Health and also Deputy Directors. 2) Business level: This level concerns which products should be developed in which market. It includes senior functional managers such as marketing, human resources, finance, Technical, Information, operations. 3) Operational level: This is concerned with how the component parts of an organisation deliver effectively. It includes staff likes nurses, doctors, technical, Advisory, analysts, administration. 2. Why is there confusion over where …show more content…
Why? Also outline which level is accountable for strategic implementation systems? Basically three levels are in pyramid as follows: 1) Corporate level: This level is top of all three and includes Executive Directors Medical, Surgical, health, Deputy Director’s main position of the health services. 2) Business level: This level includes the sub position or Head of department under the corporate level. 3) Operational level: This level includes the staff of the Asdith health services. I. Corporate level is the most INFLUENCE because this level is concerned with the whole scope of an organisation. This level have more power because executive directors and deputy directors have lots of works to do like resign the documents, give the permission for other human resources, finance, technical information. Also it is most important because it is the basis of other strategic decisions. This level have more priority than other levels. II. Operational level is accountable for strategic implementation systems because staff members are responsible for clinical and allied. This level need to do some works such as answer to questions, solve the patients problems, Give information to other clients, provide good service, awareness of …show more content…
I. Strengths: The S in the acronym stands for Strengths. Strengths of a company or a product make it stand out when in comparison with their competitors. a) Experience: Asdith health service have decades of experience with doctors, and lawyers,
Corporate level strategy has lot of benefits. Firstly, corporate level strategy urges diversification in the business. Delhaven can focus in similar fields related to farming. Due to the fact, Delhaven Orchards has lot of competition, corporate level strategy is the best way to combat it. This will help their business venture grow. If Delhaven one business sector is going in loss. They have other sectors to focus for, this will not abolish the whole corporation itself as they have now other business sectors in hand. One of the biggest advantage by diversifying is gaining added market share. Targeting new groups of customers will help them create their brand awareness in the market. There are lot of financial gains when business implies corporate level strategy as it opens doors of ample
Decisions are decentralized to the business unit level, which is a specialized department with a specific business function within the company. The business units at Chevron are responsible for geographic areas of the business sector. Since Chevron is an energy company, different business units would be departments such as upstream operations which are involved with finding the oil, developing it with wells and production facilities and downstream operations which involve refining the oil and marketing it, including at the gas stations. The business unit leader delegates authority to make decisions to employees in the same level of the business matrix. Under this leader there is delegation to lower managers and supervisors who overlook different teams specialized in specific entities of energy production. Chevron has operating business units in over 20 different countries with its corporate office in San Ramon, California. The corporate office decides the overall strategy such as what assets to buy or sell, what new businesses to start, and where to focus development. The business unit must report each month with progression within Chevron’s annual plan, production made, capital costs and specific project
Finally, I will discuss which type of corporation I prefer. A Review of Corporate Roles and Duties The Role of the Board of Directors. The corporation’s business is carried out by its management, under the direction of the Board of Directors. The Board, and each committee of the Board, has complete access to management. Also, the Board and committee member’s have access to independent advisors as each considers necessary or appropriate.
Chain of Command – This establishes the level of authority from the bottom to the top within the organization and the level of authority each managerial position will hold. Additionally, the chain of command will outline the reporting process.
Strengths refer to what the company or product are better and/or particularly better than its competitors. It is a factor that happens internally and currently to the organisation, giving the company advantage in the market that it operates in.
These values are manifest through a simple, five level hierarchical structure. Each plant has three levels - the plant manager, seven area superintendents and front-line staff while a divisional layer oversees the plants and projects by area providing the interaction between the headquarters and plants followed by the CEO.
Strategic managers think in terms of three levels of strategy; Corporate, Business and Functional Level strategy. Corporate-level strategy is concerned with the strategy of the organisation as a whole, and includes all the units and product lines that make up the corporation (Samson & Daft, 2012). AirA...
Once plans have been developed, an organization must address how management will be accomplishing be those plans. This involves operational plans that must flow from strategy; specify resource, time issues, and commitment of human resources. Operational plans at the lower - levels of the organization, have a shorter time horizon, and are narrower in scope (Bateman, Snell 2003 p.113). A good example of this is Wal-Mart's main strategic goal. It is to provide quality merchandise at an affordable low cost to consumers. Its operational goals focus on efficient logistics requiring technology and inventory management systems to help reduce costs so it can be passed on to the customer. Operational plans are derived from a tactical plan and are aimed at achieving one or more operational goals (Bateman, Snell 2003 p.113).
According to Aquilano, Chase, and Jacobs (2005), "Operations management (OM) is defined as the design, operation, and improvement of the systems that create and deliver the firm's primary products and services" (p.19).
Operations management focuses on carefully managing the processes to reduce and distribute products and services. Related activities include managing purchases, inventory control, quality control, storages, logistics and evaluations. A great deal of focus is on efficiency and effectiveness of processes. Therefore, operations management often includes substantial measurement and analysis of internal processes. Ultimately, the nature of how the operations management is carried out in an organisation depends very much on the nature of products or services in the organisation, for example, retail, manufacturing, wholesale and etcetera.
Operations management is not confined to only one industry, nor permitted to manufacturing companies. All organizations in the public and private sectors, such as hospitals, hotels, airlines, and insurance companies, need to manage their operations more carefully.
According to Carol Padgett (2012, 1), “companies are important part of our daily lives…in today’s economy, we are bound together through a myriad of relationships with companies”. The board of directors remain the highest echelon of management in any company. It is the “group of executive and non-executive directors which forms corporate strategy and is responsible for monitoring performance on the behalf of shareholders” (Padgett, 2012:1). Boards are clearly critical to the operation of companies and they are endowed with substantial power in the statute (Companies Act, 2014). The board is responsible for directing and steering the company. The board accomplishes this by business planning and risk management through proper corporate governance.
With regard to the healthcare organization, it is essential to develop strategic plan and a clear vision so that the patient focused care will be at par with the organization process that is conducted on operational and on a daily basis.
The Role of the Directors in a Company is of a paramount importance in the discourse of the proper running of the company. Directors are the spirit of the company .The company is merely a legal entity, governed by its directors. These directors have certain duties and responsibilities. These are mainly governed by the Corporation Act, 2001. Section 198A (1) of The Corporations Act, 2001(The Corporations Act 2001 s 198A (1)), clearly states that, ‘The business of a company is to be managed by or under the direction of the directors’.